Market Intel

Apartment Rents

One Firm’s Simple Idea to Make Rents More Affordable: No Deposit

(Bloomberg)—How do you make rental housing more affordable? As policy makers nationwide search for an answer — tinkering with proposals ranging from comprehensive rent control to rezoning — one start-up has put to work an idea that makes things cheaper immediately: eliminate the security deposit. Entrepreneur Ankur Jain, a millennial

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Apartment Rents

Metro Phoenix rents pick up pace, contrary to national trends

RENTCafé‘s August rent report is out and while researchers have noticed a slowdown in national rental costs, Phoenix and the surrounding suburbs don’t necessarily follow the trend this time, as Metro Phoenix rents have picked up their rising tendencies yet again.  Here are the highlights for Phoenix and suburbs: •

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Apartment Rents

US Apartment Rents Increase 3% for the Year

US apartment rents are continuing to rise. According to a new report from Yardi Matrix, apartment rents increased $2 in August, maintaining the yearlong growth of 3%. Now, rents across the US average $1,472. Las Vegas, Phoenix, Boston, Sacramento, Calif., and Austin, Texas lead US rent growth in the month

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Apartment Rents

Renters Love the Fall Leasing Season, Apartment Owners Not So Much

With recent record-setting heat in many parts of the country, it may not feel like fall, but the signs that autumn is fast approaching are all there: Schools have reopened, football has kicked off another season and apartment rents are soon expected to enter their annual seasonal slowdown. In many

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Apartment Rents

Phoenix identified as Top 5 multifamily rental market

The national average for cost of rent rose $3 in July from the prior month to $1,469 according to Yardi Matrix. That’s a gain of 3.4% from a year earlier, the real estate data firm said. Yardi Matrix ranked the top five markets for multifamily rent growth, based on the percent change

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Apartment Rents

Arizona apartment rates climb at fastest rate in the nation

Arizona is currently one of the hottest destinations for relocators, and the apartment housing industry is facing the subsequent pressures of that. In 2016, Arizona had the fifth-highest number of net in-migrants in the nation. That is, over 24,000 more people moved into the state than out of the state that year.

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Apartment Rents

Metro Phoenix cities see average rent spike

In true seasonality fashion, June brings rent increases consistent with the end of the second quarter. Nationally, average rent prices reached $1,465 following a 3.2% annual increase and up 0.8% since last month — the highest monthly jump since May 2018.  Metro Phoenix followed suit, with rents increasing — sometimes dramatically

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