Here’s How Tough Renting In Phoenix Is This Peak Moving Season

HERE’S HOW TOUGH RENTING IN PHOENIX IS THIS PEAK MOVING SEASON

PHOENIX ARIZONA REAL ESTATE

Here’s How Tough Renting In Phoenix Is This Peak Moving Season

 

By AZBigMedia, azbigmedia.com | October 6, 2025

Phoenix managed to keep a good pace of apartment construction these past recent months, but it didn’t manage to ease demand for renting in Phoenix. In fact, while the occupancy rate dropped slightly, more tenants decided to stay put, locking in some of the desirable apartments.

Here are the details from the Rental Competitiveness Report in peak moving season:

• This peak season, each vacant apartment in Phoenix attracts 8 competing applicants, the same number as last summer. However, renters now have three extra days to submit their applications, as it takes 43 days for a unit to get filled.

• The occupancy rate dropped by 0.6%, and renters have now 8% of stock to choose from.

• On the other hand, 57.7% of apartment dwellers renewed their leases, up from 57.1% this time last year.

• Phoenix’s 1.7% increase in construction recently is the fourth biggest growth among the nation’s large markets. The metro even outdone itself, last year the increase reached 1.64%.

What are the toughest rental markets during the busiest time for moving?

• Competitiveness in Chicago is sizzling, but Miami is even hotter. In Chicago, there are now 16 competing applicants per vacant unit, and apartments get leased the fastest among large markets, in just 29 days. In Miami, there are 19 applicants per vacant unit and a vacancy period of 32 days.

• Manhattan, NY, is a trending rental market, with a substantial increase in competitiveness, going from 9 applicants last summer to 12 this year, and the vacancy period shrank by four days to 33 days.

• In California, Silicon Valley emerged as the hottest rental market. Here 14 renters are vying for the same apartment amid an increased share of renters that renewed their leases.

• Looking at small markets, renters in Lafayette, IN, have the hardest time securing an apartment. Not only did the competition rise from 11 to 15 applicants, but the vacancy period shrank by a whole week to just 29 days, putting pressure on renters to move quickly with their applications.

The top 20 of the hottest large rental markets is dominated by Midwest and Northeast locations. Go to our full report to see the complete list, as well as the hottest small markets and thetrending locations where the rental competitiveness rose significantly year-over-year.

– more at azbigmedia.com

Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Let’s work together.

Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. 

Tell us what you’re searching for.

 

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

 

 

 

 

 

You might also like
Here Are The Arizona Cities With The Most Affordable Rent | Living In Phoenix Arizona
These Phoenix Suburbs Have Seen The Biggest Increase In Renters | Living In Phoenix Arizona
Metro Phoenix Sees Surge In Adaptive Reuse Apartments
Vestis Group Sells Central Phoenix Apartments For $163,750 Per Unit
OpenTable Top 100 Restaurants In America Includes 3 From Arizona
Here Is The Annual Cost Of A Car Commute In Metro Phoenix | Living In Phoenix Arizona
Metro Phoenix Housing Shortage Hits 98,703 | Living In Phoenix Arizona
Experience AZ: 10 Asian Restaurants To Try | Living In Phoenix Arizona