GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Tucson

The average rent in Tucson is approximately $1,000 per month.

In this post, we explore the current landscape of average rent in Tucson through a series of key statistics. From neighborhood breakdowns to trends in pricing, we uncover valuable insights into the rental market of this vibrant city in Arizona.

Statistic 1

"Rental prices in Tucson’s downtown area average $1,150."

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Statistic 2

"The Foothills area of Tucson has an average rent of about $1,300."

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Statistic 3

"The average rent in Tucson is lower than the national average of $1,400."

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Statistic 4

"The average rent for a 3-bedroom apartment in Tucson is around $1,400."

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Statistic 5

"Average rent in Tucson's Westside neighborhood is approximately $900."

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Statistic 6

"The average rent for a pet-friendly apartment in Tucson is $950."

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Statistic 7

"Tucson’s average rent ranks in the lower third among major U.S. cities."

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Statistic 8

"The average utility cost for an apartment in Tucson adds approximately $150 to monthly rent."

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Statistic 9

"East Tucson has the highest average rents in the city, coming in at $1,200."

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Statistic 10

"Tucson rental prices have remained stable for the last 6 months."

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Statistic 11

"Tucson's average rent has increased by 2.5% compared to the previous year."

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Statistic 12

"The average rent for a studio apartment in Tucson is $750."

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Statistic 13

"Rents for single-family homes in Tucson average around $1,350."

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Statistic 14

"The average rent for a 2-bedroom apartment in Tucson is $1,100."

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Statistic 15

"The average rent for a 4-bedroom apartment in Tucson is around $1,800."

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Statistic 16

"The median rent for all properties in Tucson is approximately $950."

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Statistic 17

"The average rent in the University District is about $995."

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Statistic 18

"The vacancy rate in Tucson is approximately 7%."

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Statistic 19

"The average rent for a 1-bedroom apartment in Tucson is $860."

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Statistic 20

"The average rent in Tucson has grown by 15% over the last 5 years."

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In conclusion, the average rent in Tucson varies across different neighborhoods and property types, with downtown and Westside areas offering lower rents compared to the Foothills and East Tucson. Despite recent increases, Tucson’s average rent remains below the national average, making it an attractive option for renters. The stable rental prices over the past 6 months indicate a steady market, while the overall growth of 15% in the last 5 years suggests a gradually evolving rental landscape. Additionally, the presence of pet-friendly options and affordable utility costs make Tucson a relatively cost-effective choice for renters, further highlighting its position as a competitive market with diverse rental offerings.

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