Phoenix apartments are shrinking

By Axios

Metro Phoenix apartments are pricier than they used to be — and also smaller.

Why it matters: New apartments have shrunk in most U.S. cities, including Phoenix, squeezing many renters who already pay steep prices, a RentCafe analysis found.

By the numbers: Apartments built in Phoenix between 2015 and 2024 averaged 852 square feet, per the report.

  • That’s a drop of 64 square feet from the previous decade.
  • Tempe and Glendale saw the most significant size decreases across the Valley suburbs at 112 and 135 square feet, respectively.

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