Phoenix market rental trends report

Over the past 3 to 6 months, Phoenix has seen a modest softening or plateauing of rent growth, with some listings showing slight downward pressure or flat pricing compared to earlier rapid increases. Reports indicate rents across many unit types have declined by roughly 10–15 % in that timeframe in certain segments. That shift is being driven by rising supply (a surge in multifamily development across the Phoenix metro) and cooling demand, as renters gain more leverage and landlords increasingly offer concessions to fill vacancies. Today, the median rent across all unit types in Phoenix is approximately $1,740/month.

Chandler

Over the past 3 to 6 months, rent prices in Chandler have experienced a moderate increase, with rental rates rising steadily across most unit types. This upward trend reflects strong demand driven by continued population growth and increased relocation to the area. The surge in demand, combined with a limited supply of new rental units, has put upward pressure on prices, especially for larger apartments favored by families and remote workers. Currently, the median rent in Chandler is approximately $1,750 per month across all apartment types.

Apartment listings

Below are some recent listing examples.

Bask Deer Valley

• Studio/1 Bath 
• 579 Sq. Ft.
• $1,444

Spire Deer Valley 

• 1 Bed/1 Bath
• 647 Sq. Ft.
• $1,499

San Norterra

• 2 Beds/2 Baths
• 1,168 Sq. Ft.
• $1,829

Aerie Happy Valley

• 3 Beds/2 Baths
• 1,391 Sq. Ft. 
• $2,129

(Data sourced from Apartments.com)