Resources for Landlords and Real Estate Investors

February 2020 Rental Market Update

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

Closed Rental Units: 1,750 (1.98% increase year over year)

Median Lease Rate: $1,550 (3.68% increase year over year)

Average Lease Rate: $1,717 (4.89% increase year over year)

Average Days on Market: 28 (3.6% decrease year over year)

Rentals America provides full-service property management for residential properties throughout Phoenix, Arizona and surrounding areas including Mesa, Gilbert, Chandler, Scottsdale, Queen Creek, Glendale, Peoria, Avondale and Surprise. We handle the day to day hassles so you can rest easy. Contact us today.