Phoenix Rents Continue Rising Faster Than National Average

For 15 years, In&Out Magazine has been the definitive source of “Everything that’s going on” in and out of the community. We thank you, our readers, as well as the businesses that support the magazine through advertising, for that opportunity. But with little going on, and many businesses suspending or canceling their ads during the Covid-19 crisis, we are suspending publication of the magazine and web sites for the month of May. 


Apartment rental prices in Phoenix have been on a steady climb, inching up 0.2 percent in August compared to the previous month and 4.9 percent above August 2016, according to a report today from Apartment List, a rental search site. Across the nation rents rose 3.0 percent, year over year.

The median rent for a one-bedroom apartment in Phoenix was $820, and $1,020 for a two-bedroom. Phoenix’s prices are the cheapest of 10 large cities in the Valley.

The report does not break out data for North Phoenix neighborhoods.

Gilbert has the highest rents of any metro-area big city, with a median price of $1,370 for a two-bedroom. Mesa saw the sharpest year-over-year hike, of 6.3 percent.

For comparison, a median-priced two-bedroom in San Francisco runs $3,070.

Phoenix’s population is the fastest-growing of any city in the nation, something Mayor Greg Stanton attributes in part to a healthy local job market. Simultaneously, a rapid pace of home sales this year has created a tight supply of inventory, especially at the lower end of the price range where potential first-time homebuyers may be looking to switch from renting to owning.


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Small businesses are the lifeblood of our country and even more so this community. Supporting local businesses during this crisis can help keep our community economically viable. Please strongly consider supporting the businesses below, In&Out Magazine's display advertisers, as well as those in the Classifieds section of the magazine (see the full April 9 issue in PDF form). Many of these businesses have been part of the fabric of this community for two decades, not just serving our professional, service and retail needs but stepping up to support local charities, sports teams and so much more. Tip: If you know you’ll need to schedule a service, consider contacting a local business you trust and paying the standard fee for the deferred service. The links below go to their web sites.

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Kendallwood Design • 602-252-3844
Kodiak Roofing • 602-501-7717
Luv My PC • 480-703-6609
Merrill Gardens • 623-201-4881
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Prickett Realty • 623-551-8111
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RE/MAX Professionals - Mike Higgins • 623-640-7502
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SonoranScapes Landscaping • 602-842-9948
State Farm Insurance - Justin Simons • 623-551-3700
Storage at Anthem • 623-226-8634
Sunset Cabinets • 623-687-6579
Thompson & McGinnis Attorneys at Law • 602-952-2666
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Wyman Plumbing & Mechanical • 623-551-6688

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Staff Writers
North Phoenix News staff writers and editors often work together to produce articles like this one.

Staff Writers

North Phoenix News staff writers and editors often work together to produce articles like this one.

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