Rents in DT Tucson hit $4,000

By Gabriela Rico | Arizona Daily Star

Downtown Tucson’s newest apartment complex is commanding monthly rents of more than $4,000, spurring interest from other investors to build more units.

The RendezVous Urban Flats, at 20 S. Stone Ave., has already leased more than 50 of its 100 units and interest has been high, said Roger Karber, the project’s developer.

“The demand was there,” he said. “Although they are some of the highest rental rates in the state — certainly the highest in Tucson — we’ve been leasing about one unit per day.”

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