Resources for Landlords and Real Estate Investors

February 2021 Rental Market Update

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

Closed Rental Units: 1,595 (8.86% decrease year over year)

Median Lease Rate: $1,755 (13.23% increase year over year)

Average Lease Rate: $1,887 (9.90% increase year over year)

Average Days on Market: 27 (3.57% decrease year over year)