Resources for Landlords and Real Estate Investors

May 2025 Rental Market Update – Phoenix

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