Markets › Phoenix
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Phoenix AZ
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, with the recent monthly signals easing.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
No change this month15of 43 metros
Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, asking rents are slipping, as of Jun 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
-1%
▼ Year over year
Older annual rent growth, Census
PHOENIX
+3.4%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,819/mo
Typical rent, 2024 yearly count
In the news · PhoenixNEWS · DAILY
Urban Standard Capital Grows $200M Credit Facility With Western Alliance BankPhoenix Multifamily Market Report – June 2026Demand vs supplyCENSUS + BLS
Strong demand
DEMAND
Jobs+1.4%
Migration+4.12/1k
SUPPLY
Permits+7%
Vacancy7.6%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,533/mo
Cheaper to rent than buying
$1,819RENT
$3,352OWN
Net migrationCENSUS · 2024
+4.12/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.