Rolling twelve months to August 2026
Phoenix is six rental markets, not one
Arcadia, Downtown Phoenix, Tempe, Chandler, Gilbert and South Scottsdale each run on a different clock. Here are the numbers that decide what a property rents for and how long it takes.
- TempeFastest to lease at 13 days
- GilbertLongest tenancies at 31 months
- $2.34Highest rent per sq ft, Downtown Phoenix
- 6 submarketsCompared on eight metrics each
Compare all six on the same metrics
Rent per square foot and days on market together tell you more than either one alone. A high per-foot rate with a high vacancy rate means supply is setting the price.
Price a specific property| Submarket | Median 2 bed rent | Rent per sq ft | Days on market | Vacancy rate | Renter households | Average tenancy | Rent, year on year | Peak month |
|---|---|---|---|---|---|---|---|---|
| Arcadia85014, 85016, 85018 | $2,350 | $2.18 | 16 days | 4.1% | 34% | 27 months | +3.8% | May |
| Downtown Phoenix85003, 85004, 85006 | $1,975 | $2.34 | 21 days | 7.3% | 71% | 18 months | +1.4% | August |
| Tempe85281, 85282, 85283 | $2,085 | $1.94 | 13 days | 5.2% | 64% | 15 months | +4.6% | July |
| Chandler85224, 85225, 85226 | $2,010 | $1.62 | 19 days | 5.8% | 38% | 24 months | +3.1% | June |
| Gilbert85233, 85234, 85295 | $2,150 | $1.55 | 22 days | 4.9% | 29% | 31 months | +2.9% | June |
| South Scottsdale85251, 85257 | $2,240 | $2.02 | 17 days | 6.1% | 52% | 19 months | +3.4% | September |
Scroll the table sideways to see every metric, or read the cards below.
Arcadia
85014- Median 2 bed rent
- $2,350
- Rent per sq ft
- $2.18
- Days on market
- 16 days
- Vacancy rate
- 4.1%
- Renter households
- 34%
- Average tenancy
- 27 months
- Rent, year on year
- +3.8%
Downtown Phoenix
85003- Median 2 bed rent
- $1,975
- Rent per sq ft
- $2.34
- Days on market
- 21 days
- Vacancy rate
- 7.3%
- Renter households
- 71%
- Average tenancy
- 18 months
- Rent, year on year
- +1.4%
Tempe
85281- Median 2 bed rent
- $2,085
- Rent per sq ft
- $1.94
- Days on market
- 13 days
- Vacancy rate
- 5.2%
- Renter households
- 64%
- Average tenancy
- 15 months
- Rent, year on year
- +4.6%
Chandler
85224- Median 2 bed rent
- $2,010
- Rent per sq ft
- $1.62
- Days on market
- 19 days
- Vacancy rate
- 5.8%
- Renter households
- 38%
- Average tenancy
- 24 months
- Rent, year on year
- +3.1%
Gilbert
85233- Median 2 bed rent
- $2,150
- Rent per sq ft
- $1.55
- Days on market
- 22 days
- Vacancy rate
- 4.9%
- Renter households
- 29%
- Average tenancy
- 31 months
- Rent, year on year
- +2.9%
South Scottsdale
85251- Median 2 bed rent
- $2,240
- Rent per sq ft
- $2.02
- Days on market
- 17 days
- Vacancy rate
- 6.1%
- Renter households
- 52%
- Average tenancy
- 19 months
- Rent, year on year
- +3.4%
Keyfinder managed portfolio, rolling twelve months to August 2026. Sample figures.
Read a submarket in full
Each page carries the stock profile, schools, transit, amenities, the peak and soft months, and honest notes for both owners and renters.
85014, 85016, 85018Arcadia
The highest rent per square foot we manage, the slowest to soften, and the least tolerant of a poorly presented listing.$2,350median 2 bed16days on market27month tenancyArcadia in detail
85003, 85004, 85006Downtown Phoenix
The highest rent per square foot and the highest vacancy, because new supply and concessions set the price here rather than demand.$1,975median 2 bed21days on market18month tenancyDowntown Phoenix in detail
85281, 85282, 85283Tempe
The most seasonal market in the Valley. The month you list matters more than almost anything you do to the property.$2,085median 2 bed13days on market15month tenancyTempe in detail
85224, 85225, 85226Chandler
A steady employment-driven market with the best school boundaries we work in and tenancies that run two years or more.$2,010median 2 bed19days on market24month tenancyChandler in detail
85233, 85234, 85295Gilbert
The longest tenancies in the Valley at 31 months, driven by schools and by families who do not want to move again.$2,150median 2 bed22days on market31month tenancyGilbert in detail
85251, 85257South Scottsdale
A split market where the winter visitor cycle removes furnished stock from November to March and hands long-term renters leverage in June.$2,240median 2 bed17days on market19month tenancySouth Scottsdale in detail
About the Phoenix market
Seasonality, heat, HOAs and the things that are specific to renting and letting in the Valley.
Yes, and it varies by submarket. Tempe peaks hard in July on the academic calendar. Chandler and Gilbert peak in June with the school year. South Scottsdale is inverted, because winter visitors pull furnished stock out of the long-term pool from November to March and hand renters leverage in June.
It varies and it should be stated on the listing. On our managed properties with a pool, the owner usually pays for weekly service and folds it into the rent, because a neglected pool is far more expensive to recover than to maintain.
It depends on the envelope more than the thermostat. Our tenants report roughly $60 to $95 a month for a new-build studio, and $280 to $420 for a 2,400 sq ft 1950s house in July and August. Solar screens, a newer cooling system and shaded west elevations move that number more than anything else.
Because most suburban stock in Gilbert and Chandler sits inside one, and the association rules govern parking, RV storage, paint colours, pets and sometimes lease length. We read the recorded documents before listing and put the relevant restrictions into the listing itself.
Yes. Arizona requires owners of residential rental property to register with the assessor in the county where the property sits, and to keep that information current. We handle the lodgement and the renewals on managed properties.