Phoenix Rental Market Statistics [Fresh Research]

Statistic 1

"As of February 2022, Phoenix ranked as the 10th most expensive city for renters in the Southwest."

Sources Icon

Statistic 2

"1-bedroom rentals in Phoenix have an average rent of $1,180 while 2-bedroom apartments average at $1,420."

Sources Icon

Statistic 3

"During the pandemic, Phoenix rental market experienced a 15.2% growth rate in 2021."

Sources Icon

Statistic 4

"As of January 2022, Phoenix has a 95.2% apartment occupancy rate."

Sources Icon

Statistic 5

"Over the past year, rent prices increased the most in the central Scottsdale area."

Sources Icon

Statistic 6

"45.5% of residents in Phoenix are renters."

Sources Icon

Statistic 7

"Phoenix apartment rents have increased by 0.1% month over month."

Sources Icon

Statistic 8

"Only 9% of millennials in Phoenix own a house, with the majority opting for rental properties."

Sources Icon

Statistic 9

"Phoenix is ranked as the 37th best place to invest in rental property."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!