The Zumper Phoenix Metro Report analyzed active listings in August across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Arizona one bedroom median was $884 last month.
Cities Ranked By Rent
The Most Expensive
–Scottsdale, AZ rent grew $50 to $1,200 and remained the most expensive in the metro.
– Gilbert, AZ was the second most expensive city with one bedrooms priced at $1,050.
–Peoria, AZ outpaced Chandler to become the third most expensive city with rent at $1,000.
The Least Expensive
–Florence, AZ continued to rank as the least expensive city with rent at $490.
–Casa Grande, AZ ranked as second with rent at $550.
–Glendale, AZ rent dropped $10 to $670 but remained the third most affordable in the metro.
Growth Rate
The Fastest Growing (Y/Y%)
–Peoria, AZ had the fastest growing rent since this time last year, up 13.6%.
–Scottsdale, AZ rent was second with a 9.1% yearly growth rate.
–Mesa, AZ ranked as third with rent climbing 8% since last year.
The Fastest Growing (M/M%)
–Peoria, AZ also had the largest monthly growth rate, up 5.3%.
–Surprise, AZ followed suit as second with rent climbing 4.4% since last month.
–Scottsdale, AZ ranked as third with rent up 4.3%.
Full Data
1 Bedroom 2 Bedrooms
Pos. City Price M/M % Y/Y % Price M/M % Y/Y %
1 Scottsdale $1,210 0.80% 5.20% $2,170 3.30% 7.40%
2 Peoria $1,030 3.00% 14.40% $1,250 0.80% 15.70%
3 Gilbert $1,000 -4.80% 5.30% $1,320 2.30% 10.00%
4 Chandler $980 0.00% 3.20% $1,230 2.50% 8.80%
5 Surprise $950 0.00% 3.30% $1,710 4.90% -7.60%
6 Tempe $900 0.00% 1.10% $1,130 -0.90% 2.70%
7 Goodyear $890 -3.30% -3.30% $1,290 -5.10% -2.30%
8 Phoenix $850 0.00% 3.70% $1,060 -1.90% 6.00%
9 Avondale $830 -3.50% 0.00% $980 1.00% -2.00%
10 Mesa $800 -1.20% 8.10% $940 -1.10% 1.10%
11 Glendale $670 0.00% 0.00% $900 1.10% 1.10%
12 Casa Grande $580 5.50% 9.40% $690 4.50% 9.50%
About
The Zumper Phoenix Metro Report analyzed active listings that hit the market in August 2017. Listings are aggregated by city to calculate median asking rents.
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