Phoenix Metro Report: May 2017

The Zumper Phoenix Metro Report analyzed over 22,000 active listings in April across 12 metro cities to show the most and least expensive cities and cities with the fastest growing rents.

Cities Ranked By Rent

The Most Expensive

– Scottsdale, AZ continued to rank as the most expensive city to rent in the metro area. The price of one bedroom units here decreased $10 since last month to a median of $1,250.

– Gilbert, AZ ranked as the second priciest city with rent at $1,000.

– Chandler, AZ was third at $940.

The Least Expensive

–Florence, AZ was the most affordable city and substantially less expensive than the rest of the metro with rent at $520.

–Glendale, AZ was the second least expensive at $730.

–Mesa, AZ dropped $10 this month to $780.

Growth Rate

The Fastest Growing (Y/Y%)

–Tempe, AZ had the largest yearly growth rate, up 10.7%.

–Scottsdale, AZ followed closely behind with rent up 10.6% since this time last year.

–Phoenix, Arizona had the third fastest growing rent since last year, climbing 9.9%.

The Fastest Growing (M/M%)

–Glendale, AZ had the fastest growing rent this month, up 4.3%.

Full Data

		One Bedroom			Two Bedrooms
Pos.	City	Price	M/M %	Y/Y %	Price	M/M %	Y/Y %
1	Dallas	$1,290	-2.30%	8.40%	$1,760	-2.20%	8.60%
2	Richardson	$1,260	0.80%	11.50%	$1,620	1.30%	14.10%
3	Frisco	$1,130	3.70%	8.70%	$1,490	0.70%	1.40%
4	Irving	$1,120	1.80%	9.80%	$1,430	0.00%	9.20%
5	Plano	$1,090	2.80%	0.90%	$1,450	1.40%	2.10%
6	Carrollton	$980	2.10%	4.30%	$1,180	0.00%	-0.80%
7	Mckinney	$960	3.20%	2.10%	$1,320	3.10%	9.10%
8	Fort Worth	$950	-1.00%	11.80%	$1,130	1.80%	14.10%
9	Denton	$870	4.80%	7.40%	$1,050	0.00%	5.00%
10	Lewisville	$850	0.00%	-1.20%	$1,110	0.90%	0.00%
11	Garland	$760	5.60%	-9.50%	$950	1.10%	-2.10%
12	Grand Prairie	$690	-1.40%	-14.80%	$940	0.00%	-12.10%
13	Arlington	$680	0.00%	-6.80%	$920	-1.10%	-2.10%
14	Mesquite	$650	0.00%	-14.50%	$900	4.70%	-2.20%