Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – June 2025
“Rental concessions hold steady at 35% – the highest level on record for June “
“Rising inventory in the for-sale market is helping to rebalance the rental market, as would-be buyers gain negotiating power, reducing pressure on rents.”
Typical Rent: $1,854 (-0.1% increase year over year)
Single Family: $2,370 (1.9% increase year over year)
Multifamily: $1,567 (-1.8% change year over year)
Observed Rent Index – Phoenix
Single Family vs. Multifamily – Phoenix
Observed Rent Index – United States
