![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/arizona-highway-sign.webp.jpeg\")
\n\t\t\t\t\t\tA highway sign welcoming drivers to Arizona.\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
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\n\t\t\t\t\t\tA highway sign welcoming drivers to Arizona.\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Wing-Chi Poon\/Wikimedia Commons\/CC BY-SA 2.5<\/p>\n
Perhaps the pimp is in the crib, because the average rent in Phoenix is dropping like it\u2019s hot, according to a new study from an online listing website.<\/p>\n
On Oct. 28, Zumper released a \u201cnational rent report\u201d <\/a>that tracked prices across 100 of the largest cities across the country. The general trend across the nation is that rent is going down<\/a>, but Phoenix was among the places where it dropped most precipitously. In fact, several cities across the Valley have seen major rental shrinkage in the past year.<\/p>\n In Phoenix, the average rent for a one-bedroom unit was down 5.4% compared to the same time last year, with the average listing coming in at $1,220. Among the cities on the list, that figure placed Phoenix as the 59th-most expensive market.<\/p>\n Scottsdale and Gilbert<\/a> \u2014 with average rents of $1,760 and $1,560, respectively \u2014 are more expensive rental markets than Phoenix. Interestingly, rent has actually increased by 3.5% in Scottsdale since last year, according to Zumper\u2019s data, while Gilbert saw a modest drop of 1.9% during that same time period.<\/p>\n But in two other Valley cities, the rent drop was even bigger than in Phoenix. The average rent in Glendale dropped by a whopping 11.6% \u2014 the 10th most of the 100 cities in the study \u2014 while in Mesa it is down by 7.7% compared to last October. Both of these cities are far more working-class than the cities where rent increased or barely dropped, suggesting that the decreasing purchasing power of more modest folks is driving rent to drop in certain areas.<\/p>\n Nationally, the study showed that rent decreased or remained steady for the fourth straight month, with one- and two-bedroom units decreasing by 0.4 and 0.3%, respectively. Over the last year, both are down 1.5% and 1.2%.<\/p>\n In the report, Zumper CEO Anthemos Georgiades said the winter months usually provide more clarity on the trends.<\/p>\n \u201cWith the rental market now entering the seasonally slower months, a clearer picture of the sector\u2019s trajectory may not emerge until the spring leasing season begins,\u201d Georgiades said. \u201cUntil then, the interplay between abundant supply, cautious consumer behavior, and economic uncertainty will continue to define market conditions.\u201d<\/p>\n Analysts at Relocity, a firm that helps companies manage location moves, echoed the sentiment<\/a>, calling the rental drop in Phoenix a \u201cmodest softening\u201d after years of increases or steady prices.<\/p>\n![\"a](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/Zumper-Rent-Graph.webp\")
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