Property Management Blog

June 2020 Rental Market Update

June 2020 Rental Market Update

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

Closed Rental Units: 2,134 (8.43% increase year over year)

Median Lease Rate: $1,675 (4.69% increase year over year)

Average Lease Rate: $1,839 (2.97% increase year over year)

Average Days on Market: 29 (26.09% increase year over year)