Colliers International: Apartment rents up $100/month over 2014

rentPhoenix metro apartments now cost $100 more per month, reports Colliers International.

The average price for an apartment is now $899 per month, up 7.4 percent from a year ago and 13.2 percent from two years ago.

The price for a Class A, high-end apartment is $1,337 per month, a 9 percent increase.

Apartment rents are above the $1,000 mark in the Paradise Valley Mall area, Chandler, south Gilbert, Fountain Hills and much of central Phoenix.

Scottsdale, Tempe and downtown Phoenix already have $1,000-plus rents. The most expensive rents are in downtown Phoenix where new complexes have pushed up prices. Downtown asking rents average $1,277 per month, according to Colliers.

The Valley’s apartment vacancy is at 5.2 percent.

Information from Phoenix Business Journal

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

May 2016
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031