(Phoenix Apartment Rents Held Flat In April — May 6, 2026)
Phoenix apartment rents were unchanged in April, extending five consecutive months of flat or positive movement and marking a notable improvement over the same period in 2025, when rents had already turned negative by that point in the year. Year-to-date rent growth stands at 0.4%, the strongest start since 2023, supported by record-high net absorption in the first quarter and the first period since 2021 where demand outpaced new supply additions. Analysts caution that excess inventory accumulated over recent years will keep competition for tenants elevated, making a meaningful acceleration in rent growth unlikely for the remainder of 2026.
Read more: https://www.orionprop.com/topfive/phoenix-apartment-rents-held-flat-in-april/
