Resources for Landlords and Real Estate Investors

September 2021 Rental Market Update

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

Closed Rental Units: 1,807 (4.94% increase year over year)

Median Lease Rate: $2,100 (23.53% increase year over year)

Average Lease Rate: $2,320 (22.56% increase year over year)

Average Days on Market: 18 (28% decrease year over year)