Here’s the latest rental activity and trends for the Phoenix Metro area for March 2022…
Closed Rental Units: 1,966 (16.54% increase year over year)
Median Lease Rate: $2,100 (16.73% increase year over year)
Average Lease Rate: $2,270 (17.68% increase year over year)
Average Days on Market: 24 (4.35% increase year over year)