The Zumper Phoenix Metro Report analyzed active listings in November 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 $923 last month.
Cities Ranked By Rent
The Most Expensive
–Scottsdale, AZ rent jumped 4.8% to $1,320 and remained the most expensive in the metro.
–Gilbert, AZ prices also grew, climbing $50 to $1,100, and continued to rank as the second priciest.
–Chandler, AZ was third with rent at $1,050.
The Least Expensive
–Glendale, AZ saw rent grow $30 to $700 but stayed the most affordable in the metro.
–Mesa, AZ ranked as second with one bedrooms priced at $840.
–Phoenix & Avondale, AZ tied for the third least expensive city with rents both at $890.
Growth Rate
The Fastest Growing (Y/Y%)
–Surprise, AZ had the fastest growing rent since this time last year, climbing 15.1%.
–Chandler, AZ had the second largest yearly rental growth rate, up 14.1%.
–Gilbert, AZ was third with rent jumping 13.4%.
The Fastest Growing (M/M%)
–Goodyear, AZ rent was the fastest growing last month, up 5.4%.
–Chandler & Mesa, AZ tied for second with prices both climbing 5% since last month.
–Scottsdale & Gilbert, AZ both had the third largest monthly rental growth rate, increasing 4.8%.
Full Data
1 Bedroom 2 Bedrooms
Pos. City Price M/M % Y/Y % Price M/M % Y/Y %
1 Scottsdale $1,360 3.00% 14.30% $2,170 3.30% -3.10%
2 Gilbert $1,150 4.50% 13.90% $1,340 -1.50% 8.10%
3 Chandler $1,070 1.90% 15.10% $1,200 -0.80% 4.30%
4 Peoria $1,050 5.00% 12.90% $1,320 4.80% 11.90%
5 Goodyear $1,020 4.10% 10.90% $1,300 4.00% -10.30%
6 Surprise $980 -1.00% 15.30% $1,680 -2.90% 15.90%
7 Tempe $950 3.30% 8.00% $1,200 2.60% 9.10%
8 Avondale $930 4.50% 10.70% $980 1.00% -2.00%
8 Phoenix $930 4.50% 12.00% $1,100 1.90% 7.80%
10 Mesa $880 4.80% 12.80% $950 1.10% 3.30%
11 Glendale $730 4.30% 4.30% $890 0.00% 4.70%
About
The Zumper Phoenix Metro Report analyzed active listings that hit the market in November 2017. Listings are aggregated by city to calculate median asking rents.
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