Resources for Landlords and Real Estate Investors

July 2021 Rental Market Update

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

Closed Rental Units: 1,938 (14.78% decrease year over year)

Median Lease Rate: $2,000 (17.72% increase year over year)

Average Lease Rate: $2,207 (16.96% increase year over year)

Average Days on Market: 16 (38.46% decrease year over year)