Gilbert’s soaring apartment rents highest in Valley

Gilbert experienced median rent growth of 1.1 percent, the fastest in the metro area. / Photo: San Clemente. / Ahwatukee Foothills News.

 

Ahwatukee Foothills News

Rents across the metropolitan area have increased over the past year, but nowhere in the region are they higher overall than in Gilbert, a new report shows.

Renters of two-bedroom apartments in Gilbert are paying a monthly median price of $1,410. For a one-bedroom, it’s $1,130.

Just over a one-month period, according to the report, Gilbert experienced median rent growth of 1.1 percent, the fastest in the metro area.

And rents there have gone up 3.9 percent since last year, the third-highest increase in the Valley, behind Peoria’s 4.6 percent and Chandler’s 4.2 percent.

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