Arizona rent price analysis

Rental Market Reports > Single-Family Home Reports > Arizona

This rental market report examines the average rent in Arizona for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Arizona cities: Scottsdale, Phoenix, Peoria, Tucson, and Glendale.

According to our data, Peoria had the largest year-over-year rent price increase of 6%, while Tucson had the smallest increase of 4%. 

Methodology

  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Arizona during Q3 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Arizona cities experienced the following year-over-year rent increases in Q3 2023:

  • The average Peoria rent price is $2,382 with a year-over-year rent price increase of 6%
  • The average Glendale rent price is $2,313 with a year-over-year rent price increase of 6%
  • The average Scottsdale rent price is $3,932 with a year-over-year rent price increase of 6%
  • The average Phoenix rent price is $2,380 with a year-over-year rent price increase of 4%
  • The average Tucson rent price is $2,053 with a year-over-year rent price increase of 4%

 

City/State Q3 2022
Average Rent
Q3 2023
Average Rent
YoY %
Change
Peoria, AZ $2,239 $2,382 6%
Glendale, AZ $2,181 $2,313 6%
Scottsdale, AZ $3,710 $3,932 6%
Phoenix, AZ $2,290 $2,380 4%
Tucson, AZ $1,981 $2,053 4%

 

 

 

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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.