Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – October 2024
Renters Gain an Edge as October Slows Beyond Seasonal Expectations. Concessions hit record high while renter competition hits record low.
Typical Rent: $1,840 (0.8% increase year over year)
Single Family: $2,288 (2.4% increase year over year)
Multifamily: $1,580 (-0.6% change year over year)