Resources for Landlords and Real Estate Investors

April 2021 Rental Market Update

Here’s the latest rental activity and trends for the Phoenix Metro area for April 2021…

Closed Rental Units: 1,610 (4.94% decrease year over year)

Median Lease Rate: $1,800 (12.50% increase year over year)

Average Lease Rate: $1,958 (11.82% increase year over year)

Average Days on Market: 20 (16.67% decrease year over year)