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What Experts are Saying About September Phoenix Rental Property Statistics

Rent check is ARMLS’s monthly publication showcasing the Valley’s residential single family leasing market. It only accounts for phoenix rental properties that are advertised for lease through the Multiple Listing System (MLS) and does not include rental homes advertised through all other sources including phoenix property managers.  According to this data, the median lease amount for September 2013, was $1,100.00 while the average lease amount was $1,386.00 and the average days on the market was 41.  Typically, October and the beginning of November are strong leasing months however January can be slow as many tenants don’t have the funds after the holidays to for moving expenses and security deposits.