By Luke Forstner | KTAR
Rent prices in Phoenix shot up in 2021, standing out even as the rest of the country also saw an increase.
A new report by real estate website Realtor.com found the median cost of rent in Phoenix was $1,800, fairly close to the nationwide median cost of $1,781.
However, the rate of increase shows just how hot the rental market is in Phoenix.
While nationwide rents saw an average increase of 10.1%, Phoenix saw an average increase of 18.8% in 2021.