Resources for Landlords and Real Estate Investors

August 2021 Rental Market Update

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

Closed Rental Units: 1,087 (47.23% decrease year over year)

Median Lease Rate: $2,100 (20.48% increase year over year)

Average Lease Rate: $2,265 (16.93% increase year over year)

Average Days on Market: 18 (28% decrease year over year)