Resources for Landlords and Real Estate Investors

April 2022 Rental Market Update

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

Closed Rental Units: 1,774 (10.19% increase year over year)

Median Lease Rate: $2,195 (21.94% increase year over year)

Average Lease Rate: $2,287 (16.80% increase year over year)

Average Days on Market: 25 (25% increase year over year)