Resources for Landlords and Real Estate Investors

March 2022 Rental Market Update

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)