Rents in Phoenix rose 3.7 percent in March compared to the year prior, the largest increase of any large U.S. city and nearly three times the national average of 1.3 percent.
The median rent for a 2-bedroom apartment in Phoenix is $1,070, compared to the national average of $1,175, according to a report out today from Apartment List. Since 2014, rents in Phoenix have grown by 21.8 percent, compared to the national average of 12.7 percent. Charts illustrate the comparisons:
These median figures don’t tell the full story, as rents are typically higher in some parts of Phoenix and in outlying suburbs. And Phoenix is far from being the most expensive city:
SUBSCRIBE & STAY INFORMED
North Phoenix Newsletter
Rising rents and rising home prices in the Valley can be attributed at least in part to strong job growth. Maricopa County is the fastest growing county in the nation, and Phoenix is the 2nd-fastest growing large city.
Pre-Paid Solar System = Low APS Bills
A truly special property! Nestled in a tiny, private cul de sac, this contemporary renovated Bonavista has stunning mountain + city light views from the front and back of the home.
3 BEDS + DEN | 2 BATHS | 3-CAR GARAGE | 2,039 SQFT | $435,000
41401 N MAIDSTONE Ct., Anthem Country Club
Call 623-297-2557 or CLICK TO LEARN MORE