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)