Rents continue to increase in Phoenix, report says

By Sydney Maki, Editorial Intern | Phoenix Business Journal

Phoenix rents increased by little more than half a percent in the past month, but rent prices have gone up more than 5 percent in the past year, according to Apartment List’s April 2017 Phoenix Rent Report.

In Phoenix, one-bedroom apartments have a median rent of $870, and two-bedrooms go for closer to $1,300, according to the report.

As far as satisfaction goes, Phoenix ranked above average, getting a grade of B- overall.

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