New data: Mesa sees #3 slowest rent growth in June

 

July 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 June 2026. The National Outlook:   We’re approaching a significant inflection point in the rental market. After more than three years of “soft” market conditions – defined by rising vacancies and sinking rents – key indicators are stabilizing and starting to turn a corner. The national vacancy rate topped out at 7.3% and has since ticked down to 7.2% in June, while year-over-year rent growth bottomed out at -1.6% and has since ticked up to -1.2% in June.  As we look towards the second half of the year, a shrinking construction pipeline should continue pushing the rental market in this direction. The Local Outlook:   Below are some local highlights from this month’s report: Rents in Mesa fell 0.6% in June, compared to a 0.4% increase nationwide.  Month-over-month rent growth in Mesa ranks #3 slowest among the nation's 100 largest cities. Year-over-year rent growth in Mesa now stands at -3.9%, ranking #9 slowest in the nation. Today the median rent in Mesa is $1,123 for a one-bedroom unit and $1,263 for a two-bedroom unit.  And the citywide apartment vacancy rate stands at 7.5%, up 0.2 percentage points from this time last year. For more national and local insights, check out the latest update to our Mesa Rent Report. For more data, tools, and insights about the rental market, please visit the Apartment List Research Blog.