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Phoenix Area Apartment Rental Rates Keep Going Up

Rental prices for apartments in the Valley have been on the rise for the past few years, but the state is right around the middle nationally, in terms of median rent.

Three Valley cities, Glendale, Mesa and Phoenix, rank as the least expensive cities for renters, according to the data aggregation site Priceonomics. Scottsdale is among the most expensive.

To take a look at where the area’s apartment rental market is now, and where it may be going, I’m joined by Pete TeKampe, First Vice President, Investments at the firm Marcus and Millichap.

Mark Brodie is a co-host of The Show, KJZZ’s locally produced news magazine. Since starting at KJZZ in 2002, Brodie has been a host, reporter and producer, including several years covering the Arizona Legislature, based at the Capitol.