Phoenix Metro Report: October 2017

The Zumper Phoenix Metro Report analyzed active listings in September across 12 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Arizona one bedroom median was $885 last month.

Cities Ranked By Rent

Slide1

The Most Expensive

Scottsdale, AZ held onto its position as the most expensive city with rent up $10 last month to $1,210.

Peoria, AZ jumped one spot, outpacing Gilbert, to become the second most expensive city with rent at $1,030.

– Gilbert, AZ rent dropped $50 to $1,000 and became the third priciest in the metro.

The Least Expensive

Casa Grande, AZ rent, though growing $30 last month to $580, was the least expensive in the metro.

Glendale, AZ followed behind as the second most affordable city with rent at $670.

Mesa, AZ was third with one bedrooms priced at $800.

Growth Rate

Slide2

The Fastest Growing (Y/Y%)

Peoria, AZ had the fastest growing rent since this time last year, up 14.4%.

Casa Grande, AZ rent was the second fastest growing, climbing 9.4%.

Mesa, AZ was third with prices jumping 8.1%.

The Fastest Growing (M/M%)

Casa Grande, AZ also had a large monthly growth rate, up 5.5%.PhoenixOct

Full Data

1 Bedroom2 Bedrooms
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1San Francisco, Californie$3,390-0.90%1.80%$4,380-2.70%-2.70%
2New York, NY$2,9001.00%-3.30%$3,3605.00%-1.20%
3San Jose, CA$2,4001.70%9.10%$2,8705.10%8.70%
4Washington, D.C.$2,3301.70%11.50%$3,060-2.50%14.20%
5Boston, Massachusetts$2,2502.30%0.40%$2,6903.10%4.30%
6Los Angeles, Californie$2,2004.80%8.40%$3,1801.30%6.40%
7Oakland, CA$2,0605.10%-6.40%$2,500-2.00%-7.10%
8Seattle, WA$1,8402.20%0.50%$2,410-1.20%-3.20%
9Miami, Floride$1,7500.00%-2.80%$2,400-1.20%-4.00%
10Honolulu, HI$1,700-1.70%0.00%$2,110-0.50%-11.00%
11San Diego, CA$1,6902.40%8.30%$2,210-1.80%2.30%
12Chicago, Illinois$1,5300.00%-15.90%$2,1800.00%-11.40%
13Fort Lauderdale, FL$1,500-1.30%0.00%$1,900-2.60%-5.00%
14Long Beach, CA$1,4305.10%5.10%$1,9001.60%5.60%
15Denver, Colorado$1,4101.40%15.60%$1,8103.40%13.10%
15Philadelphie, Pennsylvanie$1,4100.70%0.70%$1,6000.00%6.00%
17New Orleans, LA$1,3805.30%-4.20%$1,460-1.40%-13.10%
18Atlanta, Géorgie$1,370-0.70%3.00%$1,7504.20%4.80%
19Providence, RI$1,360-4.90%-1.40%$1,530-5.00%6.30%
20Portland, Oregon$1,330-1.50%-1.50%$1,540-1.30%-3.80%
21Dallas, Texas$1,320-1.50%6.50%$1,740-3.30%4.20%
21Scottsdale, AZ$1,3204.80%12.80%$2,100-2.30%-1.90%
23Houston, Texas$1,2605.00%15.60%$1,5604.00%14.70%
24Nashville, TN$1,2304.20%9.80%$1,3000.00%1.60%
25Madison, WI$1,2100.00%-1.60%$1,3000.00%-9.10%
25Minneapolis, MN$1,2100.00%-12.30%$1,720-4.40%-5.50%
27Baltimore, MD$1,1800.90%15.70%$1,4002.90%9.40%
28Charlotte, Caroline du Nord$1,1705.40%5.40%$1,2501.60%4.20%
28Pittsburgh, PA$1,170-4.90%-7.90%$1,3300.00%-5.00%
30Austin, Texas$1,1504.50%-3.40%$1,4202.90%-5.30%
30Orlando, Floride$1,150-1.70%15.00%$1,3000.80%8.30%
30Plano, TX$1,1502.70%6.50%$1,4900.00%0.70%
30Sacramento, CA$1,1500.00%15.00%$1,3500.00%15.40%
34Irving, TX$1,1200.00%9.80%$1,4205.20%10.90%
35Gilbert, AZ$1,1004.80%13.40%$1,3600.00%11.50%
35Tampa, Floride$1,1003.80%15.80%$1,3104.80%13.90%
37Aurora, CO$1,0505.00%7.10%$1,320-2.20%4.80%
37Chandler, AZ$1,0505.00%14.10%$1,210-0.80%8.00%
39Richmond, VA$1,0405.10%13.00%$1,1301.80%13.00%
40Virginia Beach, VA$1,0300.00%10.80%$1,2000.80%4.30%
41Newark, NJ$1,0000.00%6.40%$1,2000.00%4.30%
42Fort Worth, TX$9905.30%10.00%$1,2302.50%12.80%
42Henderson, NV$9905.30%4.20%$1,100-0.90%0.00%
44Raleigh, NC$9801.00%4.30%$1,1001.90%0.00%
45Durham, NC$960-3.00%4.30%$1,1000.00%0.90%
46Anchorage, AK$9404.40%2.20%$1,1504.50%0.00%
46Jacksonville, FL$9404.40%9.30%$1,0501.00%1.90%
46St Petersburg, FL$9404.40%10.60%$1,3304.70%-3.60%
49Louisville, KY$9303.30%14.80%$9802.10%10.10%
49Salt Lake City, UT$9304.50%10.70%$1,240-0.80%15.90%
49Syracuse, NY$9302.20%14.80%$9803.20%3.20%
52Corpus Christi, TX$9004.70%5.90%$1,0000.00%1.00%
53Phoenix, Arizona$8904.70%6.00%$1,080-0.90%5.90%
54Buffalo, NY$880-5.40%-7.40%$1,070-5.30%-9.30%
55Fresno, CA$8704.80%2.40%$1,0001.00%5.30%
55Kansas City, MO$8704.80%8.70%$1,0000.00%5.30%
57Chesapeake, VA$8600.00%-11.30%$1,1800.00%7.30%
58Baton Rouge, LA$8503.70%1.20%$8901.10%-9.20%
58San Antonio, TX$8502.40%-2.30%$1,0603.90%-4.50%
60Colorado Springs, CO$8405.00%2.40%$1,050-4.50%2.90%
60Las Vegas, Nevada$8405.00%12.00%$1,0002.00%5.30%
60Mesa, AZ$8405.00%10.50%$9402.20%2.20%
60Milwaukee, WI$840-2.30%6.30%$890-1.10%1.10%
64Boise, ID$8300.00%12.20%$9300.00%8.10%
65Reno, NV$8205.10%15.50%$1,1303.70%15.30%
66Omaha, NE$790-1.30%6.80%$930-2.10%3.30%
67Des Moines, IA$7505.60%-8.50%$800-2.40%-4.80%
67Lexington, KY$7505.60%2.70%$9202.20%3.40%
69Chattanooga, TN$7304.30%4.30%$7700.00%1.30%
69Rochester, NY$7302.80%2.80%$8500.00%0.00%
69Spokane, WA$7302.80%14.10%$850-1.20%9.00%
72Bakersfield, CA$7204.30%10.80%$850-1.20%6.30%
72Laredo, TX$720-5.30%-10.00%$9002.30%-4.30%
74Arlington, TX$7102.90%4.40%$9401.10%4.40%
74Knoxville, TN$7104.40%4.40%$780-1.30%-2.50%
76Cleveland, OH$700-1.40%14.80%$7500.00%1.40%
76Glendale, AZ$7004.50%1.40%$890-5.30%4.70%
78Norfolk, VA$6901.50%1.50%$850-4.50%2.40%
78St Louis, MO$6904.50%-5.50%$9705.40%-3.00%
80Cincinnati, OH$6800.00%1.50%$9700.00%14.10%
80Oklahoma City, OK$6804.60%7.90%$760-3.80%-3.80%
80Winston Salem, NC$6801.50%-1.40%$7300.00%-2.70%
83Greensboro, NC$6604.80%0.00%$7800.00%6.80%
83Tucson, AZ$6604.80%3.10%$8000.00%5.30%
85Augusta, GA$6504.80%-7.10%$730-5.20%-9.90%
85Columbus, Ohio$650-4.40%8.30%$960-1.00%4.30%
85Memphis, TN$6500.00%8.30%$7000.00%7.70%
85Tallahassee, FL$6503.20%-3.00%$760-2.60%1.30%
89Albuquerque, NM$630-1.60%0.00%$800-2.40%-3.60%
89El Paso, TX$6305.00%-1.60%$7501.40%-1.30%
89Indianapolis, IN$6305.00%10.50%$700-2.80%4.50%
92Tulsa, OK$6205.10%8.80%$7301.40%-2.70%
93Lincoln, NE$6101.70%-15.30%$820-4.70%-12.80%
94Detroit, MI$5805.50%5.50%$6500.00%3.20%
94Shreveport, LA$5803.60%3.60%$6403.20%-9.90%
96Lubbock, TX$5500.00%-1.80%$7000.00%0.00%
96Toledo, OH$5501.90%14.60%$6303.30%14.50%
98Akron, OH$5400.00%5.90%$6804.60%13.30%
99Wichita, KS$5104.10%0.00%$6701.50%3.10%
100Fort Wayne, IN$4904.30%0.00%$5500.00%-11.30%

About

The Zumper Phoenix Metro Report analyzed active listings that hit the market in September 2017. Listings are aggregated by city to calculate median asking rents.

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