Here’s the latest rental activity and trends for the Phoenix Metro area for March 2023:
Closed Rental Units: 2,254 (17.64% increase year over year)
Median Lease Rate: $2,090 (0.48% decrease year over year)
Average Lease Rate: $2,241 (1.28% decrease year over year)
Average Days on Market: 41 (70.83% increase year over year)
