Apartment List: New data: Mesa rents fell 0.2% in February...And the citywide apartment vacancy rate stands at 7.6%

 

March 2026 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 2026. The National Outlook:   After six consecutive months of decline, the rental market turned a corner in February as the national median rent increased 0.2%. This is what we expect; February begins the transition to the “busy season” when a majority of moves take place and rents start to creep upward in most cities. Rents should continue to rise for several more months.  That said, annual rent growth now sits at -1.5%, and national vacancy rate hit a new peak of 7.4%, suggesting that despite a seasonal bump in prices, overall market conditions remain soft across most of the country.   The Local Outlook:   Below are some additional highlights from this month’s report, pertaining specifically to your local rental market: Rents in Mesa fell 0.2% in February, compared to a 0.2% increase nationwide. Year-over-year rent growth in Mesa now stands at -3.9%, down from -1.9% one year ago. Today the median rent in Mesa is $1,126 for a one-bedroom unit and $1,266 for a two-bedroom unit.  And the citywide apartment vacancy rate stands at 7.6%, up 0.5 percentage points from this time last year. For more national and local insights, check out the latest update to our Mesa Rent Report.