Rentometer’s latest analysis of Arizona’s single-family rental market shows that Arizona’s rental slowdown, which began in 2025, has continued into 2026. The report that uncovered trends in Arizona rents focuses on median rents for 3-bedroom single-family homes in 1,099 cities nationwide. Single-family home rentals house 41% of the U.S. renter population, and three-bedroom single-family homes are a preferred option for many families and investors.

Three out of every four Arizona cities (75%) recorded either flat or declining rents over the past year, making Arizona one of the states with the most widespread rent softness in the country. The statewide median asking rent for a three-bedroom single-family home now stands at $2,150.

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Some highlights:

  • Phoenix: $2,200 (-2.2%)
  • Scottsdale: $3,500 (flat)
  • Mesa: $2,265 (+0.9%)
  • Chandler: $2,385 (-0.4%)
  • Gilbert: $2,295 (-0.2%)
  • Glendale: $2,125 (-1.2%)
  • Tempe: $2,500 (+0.2%)
  • Tucson: $1,897 (+0.1%)

The report also found that the broader rental slowdown is being driven by increased housing supply, apartment concessions, build-to-rent communities, and more homeowners choosing to rent out properties instead of selling them, giving renters more options and limiting landlords’ ability to raise asking rents.

The data set includes over 10 million new rental records annually, based on advertised asking rents, which serve as the foundation for our market reports.

Key Takeaways

  • National single-family rents declined 1.6% year over year during the first half of 2026, marking the first sustained national slowdown since the post-pandemic rental boom.
  • The usual spring and early summer leasing season failed to lift rents, with the national median asking rent remaining unchanged between the first and second quarters of 2026.
  • Growing rental supply continued to pressure pricing, as elevated apartment deliveries, build-to-rent communities, concessions, and “accidental landlords” increased competition across many markets.
  • Nearly half (49%) of the 1,099 markets analyzed recorded annual rent declines, with larger cities proving the weakest-performing segment. 
  • Regional performance diverged sharply. Many Sun Belt markets continued to cool, while technology-driven Bay Area markets such as San Francisco and San Jose recorded some of the strongest rent growth among large U.S. cities.
  • The most expensive and affordable rental markets remained concentrated at opposite ends of the country, with California dominating the highest-priced markets and the Midwest and parts of the South remaining the nation’s most affordable.