Arizona Rents Stay Under the National Average with One Exception

Article originally posted on AZ Big Media on May 17, 2019

RENTCafé‘s April Rent Report reveals that Arizona rents are keeping shy of the national average, except for Scottsdale. While rents in the U.S. have seen a 3% upwards move compared with last year, the rest of Phoenix Metro as well as Tucson, have some catching up to do until they reach the $1,436 level of the national average.

Here are the highlights of RENTCafé’s report for Metro Phoenix and Tucson:

• In Scottsdale, rents are $1,476 on average, up $114 since April last year – the sharpest increase in Arizona.

• Tempe follows with average rents at $1,344, which is $70 more than same time last year.

• Chandler ($1,294) and Gilbert ($1,250) are on the same level but experienced healthy spikes since last year: $105 and $84 respectively.

• Peoria and Glendale both have seen over $70 increases compared to last year. The average rents there are now $1,156 and $962 respectively.

• In Phoenix, rents are averaging at $1,046. That’s $75 more since one year ago.

• Rents are cheapest in Tucson, however, at $862. Here the growth was not as large as in the other cities: $52.

RENTCafé’s data was compiled from actual rents charged in market-rated apartments in over 250 U.S. cities. If you want to find out more, access the full report here: https://www.rentcafe.com/blog/rental-market/national-average-rent-reaches-1436-rental-season-starts/.

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