Phoenix apartment rents slipped another 0.4% in November, extending the market’s losing streak to 10 consecutive months. Asking rents are now down 3.2% year-to-date, double the 1.6% decline recorded during the same period in 2024.
CoStar Insight
Phoenix apartment rents continued to slide in November
Lower-tier properties held their ground
CoStar Analytics
December 8, 2025 | 4:32 P.M.
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