Phoenix market rental trends report

Over the past six months, Phoenix has experienced a decrease in rental prices, with the median rent dropping from $1,966 in October 2024 to $1,955 in March 2025. This decline is primarily attributed to an increase in housing supply, particularly in multifamily housing units, which has eased competition among renters. As of March 2025, the current median rent in Phoenix stands at $1,955.

Chandler

​Over the past 3 to 6 months, rental prices in Chandler, AZ, have experienced minimal fluctuations, with some reports indicating slight increases and others noting minor decreases. These modest changes can be attributed to a balance between supply and demand in the local rental market. Chandler's appeal, bolstered by major employers like NXP and Intel expanding their facilities, has sustained housing demand. Simultaneously, the introduction of new housing units has helped stabilize rent prices. ​As of April 2025, the median rent for an apartment in Chandler, AZ, is approximately $1,541 per month

Apartment listings

Below are some recent listing examples.

Bask Deer Valley

• Studio/1 Bath 
• 579 Sq. Ft.
• $1,329

Spire Deer Valley 

• 1 Bed/1 Bath
• 647 Sq. Ft.
• $1,618

San Norterra

• 2 Beds/2 Baths
• 1,095 Sq. Ft.
• $1,743

Aerie Happy Valley

• 3 Beds/2 Baths
• 1,391 Sq. Ft. 
• $2,198

(Data sourced from Apartments.com)