Phoenix ranks as one of the most competitive rental markets
For every vacant apartment in the Phoenix metro, there are an average of 20 renters applying for it.
That’s according to a report from RentCafe that looked at the most competitive markets for rentals in the U.S.
Phoenix ranked at No. 39 out of 50 cities.
“On a national level, apartments that became vacant were filled within 28 days on average this rental season,” the report said. “During the same time period, 95.4% of total rentals were occupied, with an average of 14 prospective renters competing for a vacant apartment.”