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December 2014 Phoenix Rental Statistics

Each month ARMLS (Arizona Regional Multiple Listing Service, Inc.) compiles Phoenix rental market statistics based on Phoenix rental home listings through the MLS (multiple listing services).  Unfortunately it is not even close to a full number for the Phoenix housing market because it doesn’t include all leasing activities done through other sources such as online advertising, signage and people leasing to friends/acquaintances.  In December 2014, 2,577 homes leased as compared to 2,911 in December 2013. Also, the median lease price of the Phoenix rental market properties was $1175 as compared to the average lease price of $1316.  The average days on the Phoenix rental market were 36 days.  For the entire year of 2014, February was the biggest month for Phoenix rental properties with over 3600 homes renting through MLS.  

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