Rental prices across the Phoenix metro area are continuing to cool after years of rapid growth, giving renters more negotiating power and access to incentives like free rent or move-in discounts. Industry leaders say the shift is largely the result of strong apartment construction that has increased available supply. The trend is creating a more renter-friendly market throughout the Valley.
Source: https://www.abc15.com/news/local-news/watch-what-a-valley-rental-market-cool-down-means-for-you