Build-to-rent developments are becoming increasingly popular in the Valley as they offer a new and convenient housing option that is both affordable and community-oriented. Responding to the changing preferences and lifestyles of Arizona residents, developers are constructing modern neighborhoods that are tailored specifically for renters. In 2023, 4,030 single-family homes for rent were opened in the Valley, and currently, more than 8,000 build-to-rent houses are under construction. As competition grows among the built-to-rent sector, prospective residents can expect to see incentives, such as rebates for early rental payments and luxurious amenities.