What’s Happening in The Phoenix Rental Market?

By GoldenWest Management

Are you searching for information on the Phoenix rental market? If so, you’ve come to the right place.

As of April 2018, the average rent in Phoenix is $935. This is an increase of 5% from the same time last year.

Renters in Phoenix can expect to pay an average of $687 per month for a studio apartment, $863 per month for a 1-bedroom apartment and about $1,018 per month for a two-bedroom apartment.

Source – rentcafe.com

Phoenix Arizona

Where Are the Most in Demand Neighborhoods in Phoenix?

As with any other city in the United States, there are a number of areas in Phoenix that are more in demand than others.

The most in-demand neighborhoods in the Phoenix area include the following:

  • Dessert View – Average Rent $1,193 per month
  • Ahwatukee Foothills – Average Rent $1,096 per month
  • South Mountain – Average Rent $1,076 per month
  • Central City – Average Rent $1,071 per month
  • Encanto Village – Average Rent $1,036 per month
  • Camelback East – Average Rent $995 per month
  • Scottsdale – Average Rent $1,467 per month
  • Paradise Valley – Average Rent $1,279 per month

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Is Phoenix Arizona a Safe Place to Live? 

Like most people, if you’re planning on moving to Phoenix one of the top questions in your mind most likely is if it’s a safe place to live? The answer to this question is yes, the city is a safe place to live.

PHOENIX ANNUAL CRIMES 
  VIOLENT PROPERTY TOTAL
Number of Crimes 10,700 58,552 69,252
Crime Rate 
(per 1,000 residents)
6.63 36.25 42.88

Source – Neighborhood Scout 

Young couple moving in new place

What to Be Aware of When Moving to Phoenix

Since Phoenix is the dessert, the most important thing that you should be aware of is that it’s not going to be out of the ordinary for you to see the occasional critter like a snake or scorpion.

Thankfully, with pest control services it’s easy to keep those critters at bay in the home but you may see them if you go out hiking or biking on local trails.

You should also be aware that Phoenix is prone to having air quality issues even more than other cities in the United States so when an air quality alert comes on your phone it’s best to pay attention because that air quality alert can improve or save your life. (Source – tripsavvy.com)

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Search for Rentals in Phoenix

To search for rental properties in Phoenix contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

West Coast Rental Market – Learn More about What’s Happening in Phoenix Arizona

West Coast Rental Market

PHOENIX, AZ – 2016 is proving to be another strong year for the West Coast Rental Market, especially in Phoenix Arizona where in July of this year the average rent was $1,051. The average rent for a one-bedroom apartment was $920 per month, while the average rent for a two-bedroom apartment in Phoenix was $1,122 per month (source – Rent Jungle).

Phoenix Rental Market Trends

Like many cities in the West Coast Rental Market we’ve seen nice an increase in rent in Phoenix over the last 6 months as the average rent for a one bedroom apartment has increased by close to $50 while the average rent for a two-bedroom apartment has increased by $64.

The top neighborhoods in Phoenix that have seen the highest rent increases over the last 6 months include Laveen, Desert View, Central City, North Gateway, Camelback East, Paradise Valley, Encanto, Deer Valley, South Mountain, Estrella, North Mountain, Maryvale, and Alhambra,

Why Own Rental Properties In Phoenix?

Besides excellent restaurants, great coffee, plenty of things to do, and awesome water parks, Phoenix also has a growing jobs market and many people are migrating from states like California to escape high taxes and enjoy the quality of life that Phoenix has to offer them.

What’s also great about Phoenix is that people who will move to the area this year will rent for their first year as they get to know the area and that means good news for property owners since a steady demand for rental properties also means consistent cash flow.

Right now you can find many affordably priced rental properties in Phoenix and when you hire Goldenwest for your property management you can sit back and enjoy the added profits from your Phoenix rental properties.

Learn More about the West Coast Rental Market

To learn more about the West Coast Rental Market, or to speak with us about our property management services, call (602) 765-4750 or click here to connect with us through our website.