Phoenix-area rents on rise for nearly two years
by Dalton Herring on August 29, 2016
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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