The median rent for one- and two-bedroom apartments in Phoenix, Arizona, amounted to about 1,360 U.S. dollars at the end of 2023. Since the beginning of the coronavirus pandemic, rents in Phoenix have increased dramatically. As of October 2021, the annual rental growth was almost 30 percent. During the year 2023, a reversal in the trend was observed, and in December 2023, the rate of rental growth experienced a decrease of five percent. Among the different states in the U.S., Arizona ranks as one of the mid-priced rental markets in 2023.
Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023
(in U.S. dollars)
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Apartment List. (February 13, 2024). Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/
Apartment List. "Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. dollars)." Chart. February 13, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/
Apartment List. (2024). Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/
Apartment List. "Monthly Rent for An Apartment and Annual Rental Growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/
Apartment List, Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/ (last visited December 03, 2024)
Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to December 2023 (in U.S. dollars) [Graph], Apartment List, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/
