Resources for Landlords and Real Estate Investors

July 2022 Rental Market Update

Here’s the latest rental activity and trends for the Phoenix Metro area for July 2022…

Closed Rental Units: 2,289 (18.11% increase year over year)

Median Lease Rate: $2,200 (10.00% increase year over year)

Average Lease Rate: $2,373 (7.52% increase year over year)

Average Days on Market: 25 (56.25% increase year over year)