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Specialty # of Agencies
Single House or Condo 16
Apartment Buildings 8
Home Owners Association 9
Total Local Companies 29

The average rent for a 3 bedroom house in Phoenix, AZ is $1,410.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Phoenix, AZ Rental Market Overview

Phoenix is the largest city in Arizona and the sixth most populated city in the United States. Residents and visitors to the area enjoy easy access to the Grand Canyon; a warm, dry climate; and year-round sunshine. Home to the University of Arizona and the Luke Air Force base, Phoenix's population is made up of a high proportion of students and state employees. Together with its annual influx of winter-weather refugees, aka, "snowbirds," these groups provide a large client base for Phoenix rental property owners and property management companies.

Good News for Phoenix Property Investors...and Phoenix Property Management Companies

Despite the housing collapse, Phoenix is seeing a rise in demand for rental housing. Apartment buildings are predicted to lead Phoenix area's real estate market toward recovery. With higher than average demand for rentals, property owners and property management companies have increased rent prices by 2.5% in recent months, and will continue to raise prices well into the foreseeable future, according to a March 2011 news report from the local station ABC15.

With a large number of foreclosures driving the increased demand for rental housing, property investors are turning to Phoenix property management companies to help them screen potential tenants and select the ones with the best prospects of paying their rent. Better credit scores, higher deposits, and longer leases are all becoming requirements in what is no longer a renter's market. As the result, property investors are seeing larger profits, and hiring property management companies to help them maximize their efficiency while growing their businesses.

Phoenix Rental Market at a Glance

  Phoenix MSA US
2012 Population 4.3 million 380 million
2010 Percentage of renters 33.65% 34.00%
2013 (1st Q) Rental vacancy rate 10.1% 8.4%
2013 Median house price $175,000 $185,400
2013 Median income $48,596 $51,425
2013 Median rent (3 bedroom) $1,393 $1,350

Phoenix, Arizona (population: 4,329,534) has seen a drop in its vacancy rate from 19.8% for the first quarter of 2010 to 10.1% for the beginning of 2013. Despite this drop, the median rent has remained close to its current amount of $1,363 for the last three years. The median family income is $48,596 and the median home price is $175,000.

Vacancy rates and population estimates taken from

Rent data from

Median family income and price from

Percentage of renters reported by

Finding Phoenix Property Management Companies

Finding the right property manager is essential to growing your business.

Use All Property Management to select from among Phoenix's best property management companies. Type your zip code into our search widget to find companies who manage properties in Phoenix---then request free quotes.


Arizona Property Management Law

Most Expensive Areas to Buy in Phoenix

Top Rated Phoenix School Districts

Top Single Family Managers

4838 E. Baseline Rd., Ste 104
Mesa, AZ 85206

Managing: Single-Family :
Quality Property Management for Quality Properties.
Free Quote...

11022 N 28th Drive Ste 100
Phoenix, AZ 85029

Managing: Single-Family :
Free Quote...

4620 N. 16th St., Suite D211
Phoenix, AZ 85016

Managing: Single-Family :
No Start-up Fees, No Management Fees on Vacant Properties and No Cancellation Fees!
Free Quote...

Top Multi-Family Managers

950 East Brown Road
Mesa, AZ 85203

Managing: Single-Family : Multi-Family :
$79 FLAT FEE, Exclusive Property Management Agency, 12 month Tenant Guarantee, No leasing fees, No reserve Accounts
Free Quote...

3420 S. Shea Blvd, Suite 161
Phoenix, AZ 85028

Managing: Single-Family : Multi-Family :
Full Service Residential Management with No Marketing Fees, Leasing Fees, or Renewal Fees...No Hidden Fees!
Free Quote...

4641 N. 12th Street , Suite 200
Phoenix, AZ 85014

Managing: Single-Family : Multi-Family :
No upfront fees! No hidden costs! This 30 yr combat veteran will take care of you and your property.
Free Quote...

Top Association Managers

Multiple Locations in TX, CA, FL, CO, AZ, NV, NC, GA

Managing: Association :
Comprehensive community management services
Free Quote...

16625 S. Desert Foothills Parkway
Phoenix, AZ 85048

Managing: Association :
Big enough to serve you: Small enough to want to.
Free Quote...

P.O. Box 11835
Chandler, AZ 85248

Managing: Association :
We take pride in being responsive, proactive, and effective in managing the day-to-day operations of your association.
Free Quote...

Phoenix, AZ Property Management Companies

4545 E. Shea Blvd , Suite 200
Phoenix, AZ 85028

Managing: Single-Family :
Act now to take advantage of this rate. Seventy dollars per month for the first six months with favorable rates for ongoin...
Free Quote...

Statewide, AZ

Managing: Single-Family :
If your tenant doesn't pay, we'll replace them at no cost to you!
Free Quote...

4545 E. Shea Blvd , Suite 200
Phoenix, AZ 85028

Managing: Single-Family :
Act now to take advantage of this rate. Seventy dollars per month for the first six months with favorable rates for ongoin...
Free Quote...

4711 E Falcon Drive Ste 221
Mesa, AZ 85215

Managing: Single-Family :
Great management service that fits your budget. NO HIDDEN FEES EVER! "A Rating with BBB"
Free Quote...

7330 N 16th St - #A320
Phoenix, AZ 85020

Managing: Single-Family :
SIGN UP NOW for 2 months FREE management, Low Vacancy Rate, Reliable Team, PRICE MATCH & Tenant GUARANTEE!
Free Quote...

Serving Arizona, Utah, Washington and Wyoming,

Managing: Association : Commercial
Arcadia Management Group is one of the West's leading commercial property management firms.
Free Quote...

8518 W Deer Valley Road #100
Peoria, AZ 85382

Managing: Single-Family :
25 years of worry free property management! No Rent No Fees!
Free Quote...

94 Church Street , Suite 303
New Brunswick, NJ 08901

Managing: Association :
The leading Billing and Accounting service for Homeowner Associations, Nationwide!
Free Quote...

7500 North Dobson Road, STE 150
Tempe, AZ 85283

Managing: Association :
Our Strength. Your Success.
Free Quote...

324 S Elm St , Ste 300
Greensboro, NC 27401

Managing: Multi-Family :
Clear and focused on results.
Free Quote...

Rental Ranking

  • What is it?
    • It measures a city's attractiveness for real estate investment.
      Higher Ranking = Higher Rental ROI Capacity.

2015 Q1 Rental Ranking Report

All Property Management released the latest US regionally ranked data.
View report >

About Rental Ranking >
How is this Calculated >
Phoenix Companies >

Top US Cities

View Full Report

The top five rental ROI cities per region


  1. Austin, TX
  2. Phoenix, AZ
  3. Dallas, TX
  4. Oklahoma City, OK
  5. Tulsa, OK

Phoenix, AZ: Rental Property ROI Analysis

Q1 2015 Data Vacancy Rate Rent Variance Cap Rate Appreciation Job Growth Days on Market
Phoenix 8.10% 0.92% 5.93% 7.05% 3.09% 57
75 U.S. City Avg. 7.12% 2.71% 7.18% 5.65% 2.22% 70

The Phoenix metropolitan area, home to Arizona State University and a wealth of high-tech and telecommunications companies, is highly regarded as one of the best cities in the Southwest in which to live, work and play. With its exceptionally warm winter that is popular with snowbirds and some of the finest golf courses in the country, it's no surprise that Phoenix continues to have an active rental real estate market. Thanks to its strong business climate, Phoenix placed on the National Federation of Independent Business' 2014 list of cities friendly to small businesses. You'll also find Phoenix on Forbes' list of the happiest cities for young professionals.

The Q1 2015 Rental Ranking Report ranks Phoenix as the second-best place for rental real estate investment in the Southwest and 17th out of the 75 U.S. metros evaluated in that report.

Phoenix's tax and insurance costs are among the most investor-friendly in the country, with annual home insurance premiums averaging just $691 and property taxes at less than 1 percent. What's more, Phoenix investors have strong price momentum going for them; house prices have risen by just over 7 percent, placing them 22nd out of the 75 Rental Ranking Report markets. Cap rates are 5.77 percent, which is respectable but not spectacular (the average U.S. cap rate is 7.18 percent). Job growth in the region is strong at 3.77 percent, 17th highest in the country for that metric.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q1 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Phoenix rental property?

There has never been a better time to invest in rental real estate in the Phoenix metropolitan area. Solid home value appreciation and job growth indicates that there is and will continue to be great demand for more rental properties, and that these rental properties can make a nice return on investment for their owners.

Thinking about renting out a property in Phoenix? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.

All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.