Resources for Landlords and Real Estate Investors

December 2021 Rental Market Update

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

Closed Rental Units: 1,513 (9.51% decrease year over year)

Median Lease Rate: $2,085 (20.87% increase year over year)

Average Lease Rate: $2,241 (18.76% increase year over year)

Average Days on Market: 24 (4.00% decrease year over year)