Resources for Landlords
and Real Estate Investors

September 2020 Rental Market Update

September 2020 Rental Market Update

The Phoenix rental market continues to show strength.  Limited supply of available properties and strong demand continue to drive year-over-year rental appreciation.

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

Closed Rental Units: 1,722 (9.80% decrease year over year)

Median Lease Rate: $1,700 (6.58% increase year over year)

Average Lease Rate: $1,893 (7.86% increase year over year)

Average Days on Market: 25 (7.41% decrease year over year)

Related: Phoenix Tops Single-Family Rent Index