New data: Mesa rents increased 0.4% in February

 

March 2025 Rent Report Your monthly rental market update from the Apartment List Research Team  Hi Tim,   Our Mesa Rent Report has been updated with new data through February 2025. The National Outlook:   Nationwide, rents increased 0.3% in February, the first monthly increase in rents following six consecutive months of declines.  February typically marks the annual start of the busy season for the rental market, as rents are expected to rise month-over-month through the upcoming spring and summer.  But coming off another slow winter, the national median rent ($1,375) remains 0.4% lower than one year ago.  The Local Outlook:   As always, the national trend may differ from local experiences.    Zooming in on your market specifically: Rents in Mesa increased 0.4% in February, compared to a 0.3% increase nationwide. Year-over-year rent growth in Mesa now stands at -2%, up from -3.4% one year ago. Today the median rent in Mesa is $1,168 for a one-bedroom unit and $1,314 for a two-bedroom unit.  And the citywide apartment vacancy rate stands at 7.1%, up 0.8 percentage points from this time last year. For more national and local insights, check out the latest update to our Mesa Rent Report.

Mesa, AZ Rental Market Trends

Mesa Rent Report: March 2025

Welcome to the Apartment List March 2025 Rent Report for Mesa, AZ. Currently, the overall median rent in the city stands at $1,341, roughly the same as last month. Prices remain down 2.0% year-over-year. Read on to learn more about what’s been happening in the Mesa rental market and how it compares to trends throughout the broader Phoenix metro area and the nation as a whole.