Here’s the latest rental activity and trends for the Phoenix Metro area for June 2022…
Closed Rental Units: 2,294 (34.94% increase year over year)
Median Lease Rate: $2,199 (11.34% increase year over year)
Average Lease Rate: $2,359 (9.52% increase year over year)
Average Days on Market: 24 (41.18% increase year over year)