Across metro Phoenix, the rental market has tilted further in favor of renters, with vacancy rising more than 8% in 2025, up from 7.9% in 2024. A report from Realtor.com says increased supply in the Phoenix-Mesa-Scottsdale area is giving renters more negotiating power, flexibility and affordable options. It points to a 4% year-over-year drop in local median asking rents, compared with the tight conditions of recent years.
