Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in Arizona
Arizona is where the beauty of nature and the richness of culture collide. From the majestic red rocks of Sedona to the vibrant streets of Phoenix, Arizona is a state like no other. Explore its diverse cultural offerings by visiting historical landmarks such as the Heard Museum and the Pueblo Grande Museum & Archaeological Park. And for those seeking higher education, this is the place for renowned universities like Arizona State University and the University of Arizona, one of the largest research universities in the United States. In addition, Arizona's economy is ever-growing thanks to the industries of technology, tourism, and agriculture.
Adventure seekers and sports enthusiasts will find no shortage of activities in Arizona. Explore the Grand Canyon, go for a hike in the many scenic state parks, cheer on the Arizona Cardinal (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and Phoenix Suns (NBA), or watch exciting college sports games at the state's universities. In addition, appreciate famous attractions like the Saguaro National Park, the Petrified Forest National Park, and the historic city of Tombstone.
A desert oasis of adventure and discovery, Arizona is a great place to call home for those seeking an exciting and relaxing lifestyle.
Rental Market Trends
Arizona
As of June 2026, Arizona's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Arizona's average rent is 8.3% ($150) lower than the U.S. average of $1,797.
Average Rent
$1,647
Monthly ChangeMonth Over Month Change
1.3% ($22)
Yearly ChangeYear Over Year Change
3.8% ($65)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,309 | 0.5% ($6) | 2.5% ($34) |
| 2 Beds | $1,542 | 0.7% ($11) | 5.3% ($87) |
| 3 Beds | $2,077 | 0.4% ($8) | 2.3% ($49) |
| Top Markets in Arizona | Average Rent | Avg. Rent vs. AZAverage Rent vs. Arizona | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Phoenix | $1,373 | 16.6% ($274) | 27 days |
| Tucson | $1,090 | 33.8% ($557) | 32 days |
| Mesa | $1,336 | 18.9% ($311) | 26 days |
| Scottsdale | $1,965 | 19.3% ($318) | 29 days |
| Tempe | $1,509 | 8.4% ($138) | 21 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Arizona Rental Market FAQs
Explore rental prices, market trends, and availability in Arizona.
The average rent in Arizona is $1,647 per month.
Homes in Arizona typically rent for between $916 and $2,700 per month, with an average of $1,647 per month.
In Arizona, the average rent for a 1-bedroom home is $1,309 per month, for a 2-bedroom home, $1,542 per month, and a 3-bedroom home is $2,077 per month.
The average rent in Arizona is 8.3% ($150) lower than the national average of $1,797 per month.
The average rent in Arizona has decreased by 1.3% ($22) in the last month and decreased by 3.8% ($65) over the past year.
The rental market in Arizona, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Arizona, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $61,680 to comfortably afford a 2-bedroom home in Arizona.
