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Arizona Rent Prices Drop as Statewide Building Boom Boosts Affordability
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Arizona Rent Prices Drop as Statewide Building Boom Boosts Affordability
PHOENIX — After years of rising costs, Arizona renters are finally seeing relief, thanks to an unprecedented surge in new housing construction. In the Phoenix metro area, developers are delivering more rental units than at any time since the 1980s. According to Yardi Matrix, Maricopa County added 13,500 new apartments in 2023, 20,000 in 2024, and is on track for 26,000 more in 2025. Source
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