The Zumper Phoenix Metro Report analyzed over 11,200 active listings in February across the 7 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Most Expensive
– Peoria, AZ had the most expensive rent in the Phoenix metro area this month at $950.
– Goodyear, AZ saw one bedroom prices go up to $900, making it the second priciest city in this metro.
– Tempe, AZ tied for second with one bedroom apartments also going for $900.
Least Expensive
– Casa Grande, AZ was the most affordable city to rent in the metro area. Rent for one bedroom units was priced at $580.
– Phoenix, Arizona ranked as the second least expensive city, but was considerably more expensive at $840.
– Avondale, AZ followed very closely behind. Median rent in Avondale was $850 this month.
Yearly Growth Rate
Fastest Growing
– Tempe, AZ had the fastest growing rents in the Phoenix metro area. One bedroom rents were up 15% since this time last year.
– Peoria, AZ also experienced fast growth. Its apartment prices were 10.5% higher this month than where they were 12 months ago.
– Phoenix, Arizona ranked third in growth rate at 7.7%.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Miami | $1,800 | 0.00% | -5.30% | $2,500 | 0.00% | -5.30% |
| 2 | Miami Beach | $1,700 | -2.90% | -10.50% | $2,700 | -1.80% | -8.50% |
| 3 | Boca Raton | $1,630 | 5.20% | 14.80% | $1,770 | -3.30% | 2.30% |
| 4 | Deerfield Beach | $1,570 | 4.70% | 14.60% | $1,760 | -3.80% | 15.00% |
| 5 | Weston | $1,420 | -2.10% | 4.40% | $1,790 | -0.60% | 8.50% |
| 6 | Boynton Beach | $1,380 | 2.20% | 15.00% | $1,600 | -1.20% | 6.70% |
| 7 | Hollywood | $1,370 | -0.70% | -14.40% | $1,750 | -2.80% | -15.00% |
| 8 | Miramar | $1,350 | -0.70% | 0.70% | $1,640 | 0.00% | 7.90% |
| 9 | Hialeah | $1,250 | 1.60% | 0.80% | $1,500 | 0.00% | 8.70% |
| 9 | Pembroke Pines | $1,250 | 0.80% | 6.80% | $1,500 | 0.00% | 1.40% |
| 10 | Plantation | $1,220 | -2.40% | 1.70% | $1,500 | 0.00% | 7.10% |
| 11 | Davie | $1,200 | -0.80% | 15.40% | $1,490 | 2.80% | 10.40% |
| 11 | Pompano Beach | $1,200 | 3.40% | 10.10% | $1,510 | -2.60% | 5.60% |
| 12 | Sunrise | $1,180 | -4.80% | 12.40% | $1,570 | 4.70% | 10.60% |
| 13 | Coral Springs | $1,150 | 0.00% | 4.50% | $1,350 | -0.70% | 3.80% |
| 13 | West Palm Beach | $1,150 | -4.20% | 7.50% | $1,400 | 0.00% | 2.20% |
| 14 | Lauderhill | $1,000 | 2.00% | 6.40% | $1,260 | 0.80% | 5.00% |
| 15 | Homestead | $890 | 3.50% | 15.60% | $1,250 | 0.00% | 5.00% |
About
The Zumper Phoenix Metro Report analyzed over 11,200 listings that hit the market in February 2017. Listings are aggregated by city to calculate median asking rents.
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