Property Management Blog

May 2020 Rental Market Update

May 2020 Rental Market Update

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

Closed Rental Units: 2,034 (15.37% increase year over year)

Median Lease Rate: $1,600 (3.23% increase year over year)

Average Lease Rate: $1,764 (3.34% increase year over year)

Average Days on Market: 29 (16% increase 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