RENTCafe Blog
The desert climate doesn’t seem to help set Phoenix apart from the rest of the nation, in that the cores of big US metros are cooling off, unlike cities on the outer edges of the urban rings, where the rental heat maps are starting to glow red hot. Phoenix rents have reached $889/month in December, while the metro area average crept up as high as $968/month by the end of last year—increases of 24% compared to the averages from 3 years ago, according to Yardi Matrix apartment data.
Phoenix outpaced by the metro in rent growth
