Apartment rents in Phoenix dropped again in October, falling 0.8%. This is the ninth month in a row of declines and the biggest monthly drop so far this year.
CoStar Insight
Nine straight months of declines push Phoenix multifamily rents down nearly 3%
Continued construction keeps market imbalanced, pushing apartment vacancies to highest level in over a decade
CoStar Analytics
November 21, 2025 | 10:52 P.M.
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