Phoenix Metro Report: March 2018

The Zumper Phoenix Metro Report analyzed active listings in February 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 $986 last month.

Cities Ranked By Rent

Slide1

The Most Expensive

Scottsdale, AZ rent grew $20 to $1,360 and continued to rank as the most expensive in the metro.

Gilbert, AZ was second with one bedrooms priced at $1,130.

ChandlerPeoria, AZ tied for third with rents both at $1,100.

The Least Expensive

Glendale, AZ saw rent grow $20 to $790 but remained the least expensive.

Mesa, AZ rent, though continuing to stay as the second most affordable, climbed $40 to $910 last month.

Avondale, AZ ranked as third with one bedrooms priced at $950.

Growth Rate

Slide2

The Fastest Growing (Y/Y%)

Peoria, AZ had the fastest growing rent since this time last year, up 15.8%.

Glendale, AZ had the second largest year over year rental growth rate, climbing 14.5%.

Chandler, AZ followed closely behind as third with rent growing 14.4%.

The Fastest Growing (M/M%)

Tempe, AZ rent climbed 5.2% last month, making it the fastest growing.

Chandler, AZ was second with rent jumping 4.7% last month.

Mesa, AZ rent was the third fastest growing, increasing 4.6%.PHXMarch

Full Data

1 Bedroom2 Bedrooms
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1San Francisco, Californie$3,4401.20%2.10%$4,5500.90%1.10%
2New York, NY$2,890-0.30%-0.70%$3,330-4.90%-3.50%
3San Jose, CA$2,5001.20%10.60%$3,0002.00%5.30%
4Boston, Massachusetts$2,3000.00%4.50%$2,7000.00%3.80%
4Los Angeles, Californie$2,3002.20%10.00%$3,2401.30%8.70%
6Washington, D.C.$2,2003.30%6.80%$2,7702.60%-8.90%
7Oakland, CA$2,100-1.40%1.90%$2,5001.20%0.00%
8Seattle, WA$1,9603.70%5.90%$2,5401.60%3.70%
9San Diego, CA$1,8000.00%13.20%$2,3702.20%9.70%
10Miami, Floride$1,7501.20%-2.80%$2,3800.40%-5.20%
11Anaheim, CA$1,7201.20%15.40%$2,120-1.40%15.80%
12Honolulu, HI$1,680-1.20%-6.70%$2,3004.50%-3.40%
13Santa Ana, CA$1,6601.20%7.80%$2,1105.00%12.20%
14Fort Lauderdale, FL$1,6003.20%0.60%$1,9902.60%2.10%
15Long Beach, CA$1,5704.70%15.40%$2,1201.00%8.70%
16Chicago, Illinois$1,5000.00%-10.70%$1,810-5.20%-15.80%
17Philadelphie, Pennsylvanie$1,450-1.40%6.60%$1,6500.60%4.40%
17Providence, RI$1,4505.10%7.40%$1,5104.90%7.10%
19Denver, Colorado$1,4402.90%15.20%$1,9602.60%15.30%
19Portland, Oregon$1,4405.10%7.50%$1,6705.00%5.00%
21Minneapolis, MN$1,4302.90%11.70%$1,8902.20%15.20%
22Atlanta, Géorgie$1,410-1.40%8.50%$1,800-2.20%11.10%
23Baltimore, MD$1,3905.30%14.90%$1,5602.60%12.20%
24New Orleans, LA$1,3801.50%7.00%$1,4805.00%-6.90%
25Nashville, TN$1,3603.80%15.30%$1,4500.70%10.70%
26Dallas, Texas$1,3000.00%-1.50%$1,740-1.10%-3.30%
27Houston, Texas$1,260-2.30%15.60%$1,560-4.30%14.70%
27Madison, WI$1,2605.00%9.60%$1,4305.10%15.30%
29Scottsdale, AZ$1,240-3.90%-0.80%$1,910-5.00%-8.20%
30Orlando, Floride$1,2203.40%15.10%$1,4101.40%14.60%
31Charlotte, Caroline du Nord$1,2105.20%3.40%$1,3504.70%7.10%
32Sacramento, CA$1,2002.60%9.10%$1,4000.00%7.70%
33Austin, Texas$1,1700.90%11.40%$1,4500.00%8.20%
34Irving, TX$1,1601.80%5.50%$1,5903.20%11.20%
35Plano, TX$1,1300.90%6.60%$1,5000.00%4.90%
35Tampa, Floride$1,130-0.90%14.10%$1,3702.20%14.20%
37Aurora, CO$1,110-0.90%12.10%$1,4603.50%7.40%
38Fort Worth, TX$1,0902.80%13.50%$1,2801.60%15.30%
39Pittsburgh, PA$1,0802.90%3.80%$1,3404.70%2.30%
40Durham, NC$1,0703.90%15.10%$1,2305.10%13.90%
41Richmond, VA$1,0601.00%7.10%$1,2705.00%11.40%
41Salt Lake City, UT$1,0603.90%15.20%$1,3204.80%10.00%
41Virginia Beach, VA$1,060-2.80%15.20%$1,2000.00%4.30%
44Gilbert, AZ$1,050-1.90%5.00%$1,3602.30%5.40%
44Henderson, NV$1,0501.90%8.20%$1,2100.80%5.20%
44Newark, NJ$1,0500.00%8.20%$1,3104.80%12.00%
47Buffalo, NY$1,0405.10%11.80%$1,2105.20%-6.90%
47Chandler, AZ$1,040-1.00%10.60%$1,2701.60%9.50%
47Chesapeake, VA$1,0400.00%8.30%$1,2000.00%4.30%
50St Petersburg, FL$1,0305.10%14.40%$1,6300.60%9.40%
51Raleigh, NC$1,000-1.00%0.00%$1,150-1.70%-4.20%
52Kansas City, MO$950-1.00%8.00%$1,0904.80%16.00%
52Phoenix, Arizona$9500.00%6.70%$1,1702.60%6.40%
54Jacksonville, FL$9300.00%4.50%$1,1004.80%3.80%
55Milwaukee, WI$9204.50%12.20%$1,0405.10%15.60%
56Boise, ID$9104.60%9.60%$9500.00%0.00%
56Colorado Springs, CO$9104.60%13.80%$1,1004.80%0.00%
58Fresno, CA$9000.00%8.40%$1,0802.90%13.70%
58Mesa, AZ$9002.30%15.40%$1,0605.00%11.60%
60Las Vegas, Nevada$890-2.20%15.60%$1,1004.80%12.20%
61Anchorage, AK$8802.30%-1.10%$1,1000.00%-8.30%
61San Antonio, TX$8800.00%7.30%$1,1400.00%8.60%
63Corpus Christi, TX$8701.20%4.80%$1,050-1.90%5.00%
63Louisville, KY$8700.00%6.10%$9803.20%11.40%
65Baton Rouge, LA$860-4.40%0.00%$9501.10%-4.00%
65Omaha, NE$8603.60%14.70%$1,0205.20%12.10%
67Cincinnati, OH$8401.20%15.10%$1,0800.90%14.90%
67Syracuse, NY$840-1.20%15.10%$9805.40%-2.00%
69Rochester, NY$8301.20%13.70%$980-2.00%15.30%
70Laredo, TX$8203.80%10.80%$9703.20%15.50%
71Reno, NV$8101.30%14.10%$1,2103.40%15.20%
72Des Moines, IA$8005.30%12.70%$8405.00%3.70%
73St Louis, MO$7905.30%12.90%$1,1104.70%11.00%
74Arlington, TX$7801.30%14.70%$1,0402.00%11.80%
74Chattanooga, TN$7801.30%13.00%$8201.20%9.30%
76Glendale, AZ$7702.70%5.50%$9404.40%4.40%
76Knoxville, TN$7700.00%14.90%$9104.60%13.80%
76Norfolk, VA$7705.50%11.60%$9502.20%5.60%
79Cleveland, OH$7604.10%15.20%$8405.00%15.10%
80Augusta, GA$7505.60%15.40%$8102.50%6.60%
80Bakersfield, CA$750-1.30%4.20%$9001.10%5.90%
82Lexington, KY$740-1.30%-7.50%$9501.10%2.20%
83Winston Salem, NC$7304.30%7.40%$8005.30%15.90%
84Tallahassee, FL$7202.90%14.30%$8502.40%6.30%
85Indianapolis, IN$7104.40%14.50%$8005.30%14.30%
86Columbus, Ohio$7004.50%2.90%$1,0505.00%5.00%
86Greensboro, NC$7002.90%11.10%$8100.00%0.00%
86Spokane, WA$700-1.40%9.40%$9000.00%7.10%
89Memphis, TN$6904.50%13.10%$7504.20%15.40%
90Oklahoma City, OK$670-1.50%11.70%$800-2.40%3.90%
91Albuquerque, NM$6401.60%6.70%$8000.00%5.30%
91Lincoln, NE$6404.90%-5.90%$8504.90%7.60%
91Tucson, AZ$640-4.50%1.60%$8503.70%2.40%
94El Paso, TX$6300.00%-1.60%$7700.00%2.70%
94Shreveport, LA$6303.30%10.50%$6804.60%4.60%
94Wichita, KS$6305.00%14.50%$7204.30%10.80%
97Akron, OH$6103.40%15.10%$7304.30%10.60%
97Tulsa, OK$6101.70%7.00%$7500.00%2.70%
99Lubbock, TX$6001.70%5.30%$7500.00%5.60%
100Detroit, MI$5905.40%11.30%$6604.80%6.50%

About

The Zumper Phoenix Metro Report analyzed active listings that hit the market in February 2018. Listings are aggregated by city to calculate median asking rents.

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