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)