Phoenix-area cities see big rent hikes, according to report

Posted at 9:05 AM, Aug 26, 2019
and last updated 2019-08-26 12:05:37-04

Rents around Phoenix saw big year-over-year increases in July, according to a new monthly report from Zumper.

The apartment website reports some of the biggest rent gains in the southeast Valley.

Chandler posted the largest percentage growth between July 2018 and July of this year for a one-bedroom apartment, with median rent climbing a whopping 15.2% to $1,210 a month, while a two-bedroom unit jumped 14.1% to $1,460.

While rents in some outlying suburbs and surrounding communities are rising more quickly, the city of Phoenix remains relatively affordable for renters.

Read more from the Phoenix Business Journal.