Resources for Landlords and Real Estate Investors

October 2024 Rental Market Update – Phoenix

Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – October 2024

Renters Gain an Edge as October Slows Beyond Seasonal Expectations.  Concessions hit record high while renter competition hits record low.

Typical Rent:  $1,840  (0.8% increase year over year)

Single Family: $2,288 (2.4% increase year over year)

Multifamily: $1,580 (-0.6% change year over year)

Observed Rent Index – Phoenix

Single Family vs. Multifamily – Phoenix

Observed Rent Index – United States