Phoenix market rental trends report

Over the past 3-6 months, rental prices in Phoenix have seen a significant decrease, with rents dropping by approximately 10-15% across all unit types. This decline can be attributed to a shift in the rental market as demand cooled somewhat after a period of rapid growth, as well as an increase in housing supply and more favorable conditions for renters. As of Q2 2025, the current median rent for Phoenix is $1,675 per month.

Chandler

In Chandler, rents have seen a steady increase of about 5-7% over the past 3-6 months, driven by the city's growing tech industry and proximity to Phoenix, which has made it an attractive suburb for families and professionals. As of Q2 2025, the current median rent for Chandler is $1,700 per month.

Apartment listings

Below are some recent listing examples.

Bask Deer Valley

• Studio/1 Bath 
• 579 Sq. Ft.
• Rent: $1,345

Spire Deer Valley 

• 1 Bed/1 Bath
• 647 Sq. Ft.
• Rent: $1,550

San Norterra

• 2 Beds/2 Baths
• 1,095 Sq. Ft.
• Rent: $1,799

Aerie Happy Valley

• 3 Beds/2 Baths
• 1,391 Sq. Ft. 
• Rent: $2,199

(Data sourced from Apartments.com)