Phoenix Rental Market Trends

Rental properties in Phoenix continue to attract investors after 2017 rental market trends continue to show steady rate increases heading into 2018.

Phoenix rental market trends
The average rent for an apartment in Phoenix is $900, a 7% increase compared to the previous year when the average rent was $845 according to data from RentCafe.

Studio apartments in Phoenix rent for $662 a month, while 1-bedroom apartments ask on average $840 a month; the average rent for a 2-bedroom apartment is $997.

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Phoenix, Rental Market Trends