Resources for Landlords and Real Estate Investors

December 2024 Rental Market Update – Phoenix

Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – December 2024

Concessions continue to break records, with nearly 41% of all Zillow rental listings offering freebies in December.

Typical Rent:  $1,791  (1.0% increase year over year)

Single Family: $2,254 (2.8% increase year over year)

Multifamily: $1,539 (-0.8% change year over year)

Observed Rent Index – Phoenix

Single Family vs. Multifamily – Phoenix

Observed Rent Index – United States