By Katya Schwenk | Phoenix New Times
Phoenix’s reputation as an affordable city has been fading for a while now, though it wasn’t until this year that the metro’s rising started to make national headlines. Now, according to two recent reports, rents in some greater Phoenix cities have climbed so high that, for the first time, they’re comparable with those in Miami and Oakland.
Zumper’s latest national rent report, which is based on the firm’s analysis of current active listings in 400 cities, ranked Scottsdale’s rental market as the tenth most expensive nationally, averaging $1,850 for a one-bedroom apartment. A year ago, the city didn’t even crack the top twenty.
Gilbert’s rental market followed close behind, rising last month to become the 15th most expensive in the country. And signs only point to further increases, even as rents in other notoriously expensive markets, like Los Angeles, begin to slow.
