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)