Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – May 2025
“Competition for rentals cooled off faster than usual in May giving prospective renters more negotiating power. ”
Typical Rent: $1,856 (0.1% increase year over year)
Single Family: $2,366 (2.0% increase year over year)
Multifamily: $1,571 (-1.4% change year over year)
Observed Rent Index – Phoenix

Single Family vs. Multifamily – Phoenix

Observed Rent Index – United States












