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Phoenix-area rents on rise for nearly two years

by Dalton Herring on August 29, 2016
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Corrine (11)If it seems like it’s getting more expensive to live in the Valley, that’s because it is, according to a new study.

Rents have risen in the region 22 out of the past 23 months, according to a study by research firm Axiometrics and reported on by the Arizona Republic.

The average apartment rental rate is now $924 per month, about $70 more per month than it was this time last year. Phoenix had the fourth-highest price hikes in the U.S. during that time.

While its getting more expensive, there are more than 10,000 apartment units planned or under construction in the region.

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