Resources for Landlords and Real Estate Investors

May 2024 Rental Market Update – Phoenix

Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – May 2024

Typical Rent:  $1,895  (1.0% increase year over year)

Single Family: $2,330 (2.2% increase year over year)

Multifamily: $1,638(0.0% change year over year)

Observed Rent Index – Phoenix

Single Family vs. Multifamily – Phoenix

Observed Rent Index – United States