The Zumper Phoenix Metro Report analyzed active listings in March across 11 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Arizona one bedroom median was $933 last month.
Cities Ranked By Rent
The Most Expensive
–Scottsdale, AZ continued to reign as the most expensive city, though rent fell $70 to $1,290 last month.
–Gilbert, AZ rent saw a similar drop to Scottsdale’s, decreasing $60 to $1,070.
–Chandler, AZ remained third with rent at $1,050.
The Least Expensive
–Glendale, AZ was the most affordable city with one bedrooms priced at $750.
–Mesa, AZ saw rent fall $30 to $880 and ranked as the second least expensive in the metro.
–Avondale, AZ followed closely behind as third with rent at $900.
Growth Rate
The Fastest Growing (Y/Y%)
–Peoria, AZ, similar to last month, had the fastest growing rent since this time last year, up 15.6%.
–Mesa, AZ rent had the second largest year over year growth rate, climbing 11.4%.
–Chandler, AZ rent grew 10.5% since this time last year, making it third.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Cambridge | $2,490 | 0.80% | 6.00% | $3,080 | 0.30% | 3.70% |
| 2 | Brookline | $2,320 | 0.00% | 1.30% | $2,830 | 0.00% | 1.10% |
| 3 | Boston | $2,300 | 0.00% | 4.50% | $2,750 | 1.90% | 5.80% |
| 4 | Somerville | $2,180 | 4.80% | 5.30% | $2,500 | 0.40% | 0.40% |
| 5 | Waltham | $2,120 | 5.00% | 4.40% | $2,600 | 4.40% | 8.80% |
| 6 | Medford | $2,100 | 5.00% | 9.40% | $2,410 | 4.80% | 6.60% |
| 7 | Quincy | $1,950 | 3.20% | 12.10% | $2,310 | 3.60% | 7.90% |
| 8 | Newton | $1,900 | -1.00% | 1.10% | $2,500 | 4.20% | 8.70% |
| 9 | Malden | $1,650 | 0.00% | -2.90% | $2,100 | 1.90% | 5.00% |
| 10 | Framingham | $1,560 | -1.30% | 7.60% | $1,880 | 0.00% | 8.70% |
| 11 | Haverhill | $1,540 | -4.90% | 2.70% | $1,750 | -1.70% | 8.00% |
| 12 | Lowell | $1,500 | 0.70% | 11.90% | $1,610 | 1.30% | 7.30% |
| 13 | Brockton | $1,390 | 2.20% | 11.20% | $1,630 | -1.20% | 5.20% |
| 14 | Lawrence | $1,330 | -5.00% | -5.00% | $1,460 | -5.20% | 0.00% |
| 15 | Worcester | $1,320 | 4.80% | 14.80% | $1,440 | 0.70% | 7.50% |
| 16 | Fall River | $970 | 4.30% | 15.50% | $1,210 | 0.00% | 15.20% |
About
The Zumper Phoenix Metro Report analyzed active listings that hit the market in March 2018. Listings are aggregated by city to calculate median asking rents.
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