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Phoenix posts highest apartment rent increases nationwide in 2019, report says

Posted at 9:28 AM, Jul 16, 2019
and last updated 2019-07-16 12:28:25-04

PHOENIX — Apartment rents in Phoenix continued to climb faster than anywhere else in the U.S. during the first half of 2019, according to a report from RentCafe.

The mid-year assessment shows Phoenix rents rose 5.8% during the first six months of the year.

That is the highest percentage growth in the country among major metro areas.

Average rent in Phoenix through June sits at $1,084 — up $59 since Jan. 1, according to RentCafe.

Read more about the rent prices from the Phoenix Business Journal.