Resources for Landlords and Real Estate Investors

August 2022 Rental Market Update

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

Closed Rental Units: 2,289 (26.29% increase year over year)

Median Lease Rate: $2,200 (4.52% increase year over year)

Average Lease Rate: $2,373 (5.30% increase year over year)

Average Days on Market: 25 (55.56% increase year over year)