Despite steady competition among renters, Phoenix’s apartment market remains strong and balanced thanks to robust new construction and stable tenant retention. The metro ranks among the top U.S. cities for apartment growth, with construction up 1.7%, the fourth-highest increase nationwide. More than half of renters are choosing to renew their leases, reflecting overall confidence and satisfaction in the local housing market.
Source: https://azbigmedia.com/real-estate/heres-how-tough-renting-in-phoenix-is-this-peak-moving-season/
