Rental activity and trends for the Phoenix Metro area as reported by Zillow Research
“Affordability is improving, with the typical renter now spending 26.4% of income on rent — the lowest share since August 2021.“
“Zillow forecasts single-family rents to rise 1.8% in 2026, while multifamily rents remain relatively flat (0.6%) as elevated vacancies and new supply continue to weigh on prices.”
Typical Rent: $1,718 (-0.6% change year over year)
Single Family: $2,249 (1.2% increase year over year)
Multifamily: $1,505 (-1.9% change year over year)
Observed Rent Index – Phoenix
Single Family vs. Multifamily – Phoenix
Observed Rent Index – United States
