PHOENIX — While rents are expected to climb across much of the U.S. in 2025, Phoenix renters may catch a break.
Forecasts show that average U.S. rent growth will hit about 2.3% next year, with several metro areas—including Boston, San Jose, and West Palm Beach—projected to rise even faster. But Phoenix, along with Austin and Denver, is among the few major markets where rents are expected to fall.
Analysts point to a surge in new housing supply and a softening of demand as the key factors behind the anticipated dip in Valley rental prices.
