Resources for Landlords and Real Estate Investors

May 2022 Rental Market Update

Here’s the latest rental activity and trends for the Phoenix Metro area for May 2022…

Closed Rental Units: 1,994 (33.83% increase year over year)

Median Lease Rate: $2,200 (15.79% increase year over year)

Average Lease Rate: $2,360 (14.73% increase year over year)

Average Days on Market: 25 (19.05% increase year over year)