Resources for Landlords and Real Estate Investors

November 2021 Rental Market Update

Here’s the latest rental activity and trends for the Phoenix Metro area for November 2021…

Closed Rental Units: 1,494 (11.18% decrease year over year)

Median Lease Rate: $2,094 (16.72% increase year over year)

Average Lease Rate: $2,262 (11.92% increase year over year)

Average Days on Market: 22 (0.00% increase year over year)