Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – March 2025

“limited options and high costs in the for-sale market are causing potential home buyers to delay their purchases, leading many to seek single-family rentals as an alternative. .”

Typical Rent:  $1,841 (1% increase year over year)

Single Family: $2,326 (2.1% increase year over year)

Multifamily: $1,565 (0.4% change year over year)

Observed Rent Index – Phoenix

Single Family vs. Multifamily – Phoenix

Observed Rent Index – United States