How high will metro Phoenix rents climb in 2022

By Catherine Reagor | Arizona Republic

Metro Phoenix renters, brace yourselves for more tough times.

The Valley’s apartment market is drawing big investors paying record prices for complexes, and that is a sure sign rents will keep climbing.

Phoenix-area apartment complexes are selling almost daily for more than $100 million each, and the price per apartment is beginning to rival the cost of the typical Valley house in a growing number of complexes.

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