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 Q2 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q2 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, Scottsdale had the largest year-over-year rent price increase of 22%, while Glendale had the smallest increase of 11%. 

Methodology

• Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Arizona during Q2 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 Q2 2023:

• The average Scottsdale rent price is $4,456 with a year-over-year rent price increase of 22%
• The average Phoenix rent price is $2,529 with a year-over-year rent price increase of 19%
• The average Peoria rent price is $2,553 with a year-over-year rent price increase of 14%
• The average Tucson rent price is $2,065 with a year-over-year rent price increase of 11%
• The average Glendale rent price is $2,365 with a year-over-year rent price increase of 11%

 

City/State	Q2 2022 Average Rent	Q2 2023 Average Rent	YoY % Change
Scottsdale, AZ	$3,654	$4,456	22%
Phoenix, AZ	$2,124	$2,529	19%
Peoria, AZ	$2,243	$2,553	14%
Tucson, AZ	$1,863	$2,065	11%
Glendale, AZ	$2,136	$2,365	11%

 

 

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