Resources for Landlords and Real Estate Investors

April 2020 Rental Market Update

Check out recent rental activity and trends for the Phoenix Metro area for April 2020…

Closed Rental Units: 1,618 (2.08% increase year over year)

Median Lease Rate: $1,600 (6.67% increase year over year)

Average Lease Rate: $1,751 (2.94% increase year over year)

Average Days on Market: 24 (4.5% increase year over year)