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)