Resources for Landlords and Real Estate Investors

January 2022 Rental Market Update

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

Closed Rental Units: 1,513 (6.20% decrease year over year)

Median Lease Rate: $2,100 (23.53% increase year over year)

Average Lease Rate: $2,306 (22.53% increase year over year)

Average Days on Market: 26 (13.04% increase year over year)