Phoenix city: Median Gross Rent Trend
How Phoenix city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$717
2023
$1,263
Total change
+$546
% change
+76.2%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $717 | — |
| 2019 | $814 | +$97 (13.5%) |
| 2020 | $831 | +$17 (2.1%) |
| 2021 | $1,009 | +$178 (21.4%) |
| 2022 | $1,119 | +$110 (10.9%) |
| 2023 | $1,263 | +$144 (12.9%) |