Resources for Landlords
and Real Estate Investors

August 2020 Rental Market Update

August 2020 Rental Market Update

Check out recent rental activity and trends for the Phoenix Metro area for August 2020...

Closed Rental Units: 2,060 (8.36% decrease year over year)

Median Lease Rate: $1,743 (9.28% increase year over year)

Average Lease Rate: $1,937 (9.25% increase year over year)

Average Days on Market: 25 (13.8% decrease year over year)