Renters, look for deals later this year at Phoenix-area apartments

The Broadstone Roosevelt apartment complex (pictured) will include more than 300 units on Third and Roosevelt streets beginning in June, according to developer Alliance Residential. /Photo: Alliance Residential

By Catherine Reagor | The Republic

Renters in metro Phoenix are getting a bit of a break these days. It’s not that rents are falling, just that they aren’t rising as fast as last year.

The average cost of leasing a Valley apartment grew by about 5 percent during the past year

In 2015, the monthly cost to lease a Phoenix-area apartment jumped almost 8 percent

Almost 4,000 apartments are underway or planned in central Phoenix

Renters in metro Phoenix are getting a bit of a break these days.

It’s not that rents are falling, just that they aren’t rising as fast as they did last year.

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