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Phoenix among US metros that saw largest rent increases in past decade

For rent sign in front of gray and white home
Posted at 9:00 AM, Dec 18, 2019
and last updated 2019-12-18 11:00:42-05

Phoenix ranks in the top 20 among the country's largest metro areas for the highest percentage rent increases in the past decade.

A recent report from Zillow looked at the rent increases for 50 largest metros in the U.S.

According to the report, the percentage rent increase for Phoenix was even higher than in San Francisco, which typically tops the nation when considering actual monthly rental prices.

Nationwide, renters spent a combined $4.5 trillion during the 2010s with $512 billion spent on rent in 2019 alone.

Read more from Phoenix Business Journal.