Rents on the rise for metro Phoenix houses, apartments

By Catherine Reagor, The Republic | azcentral.com

home price increaseRenters are paying more for apartments and houses in metro Phoenix than they did a year ago.

The average rent on an apartment climbed 4.9 percent during the past year to reach $815 a month at the end of September, according to research firm RealFacts.

Monthly rents on houses are up 5.8 percent from last year, according to Arizona State University’s W.P. Carey School of Business.

Continued:

Related: Cindy Hill: More apartments in Scottsdale is not way to go 

Homeownership approaches 20-year low as renting rises 

More Renters, Less Risk for Wall St. 

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