Department of Numbers

Maricopa County Arizona Residential Rent and Rental Statistics

The median monthly gross residential rent in Maricopa County AZ was $1,096 in 2017 according to the Census ACS survey.1 Average gross rent in Maricopa County was $1,123 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Maricopa County median and average rent data will be released in September of 2019.

Data is also available below for Maricopa County rental vacancy rates, Maricopa County rent as a percent of median income and the fraction of renters in Maricopa County.

Show dollars as: Nominal Real

Real Gross Rent in Maricopa County Arizona (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Arizona Median Gross Rent $1,020 +2.93% +8.74%
Maricopa County AZ Median Gross Rent $1,096 +3.59% +10.48%

Maricopa County AZ Real Gross Rent Trends

At $1,096, real median gross rent in Maricopa County was at its highest level in 2017 since the series began in 2005. At $1,123, real average gross rent in Maricopa County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Maricopa County AZ Median, Maricopa County AZ Average, Arizona Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Maricopa County

Date US
Median
Arizona
Median
Maricopa County AZ
Median
Maricopa County AZ
Average
2017 $1,012 $1,020 $1,096 $1,123
2016 $996 $991 $1,058 $1,093
2015 $987 $960 $1,014 $1,053
2014 $956 $938 $992 $1,035
2013 $924 $909 $954 $1,004
2012 $912 $916 $966 $1,021
2011 $912 $890 $929 $984
2010 $927 $915 $958 $1,020
2009 $931 $950 $1,006 $1,062
2008 $947 $995 $1,080 $1,115
2007 $899 $933 $1,004 $1,059
2006 $909 $907 $977 $1,034

Maricopa County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Maricopa County Arizona was 5.70% according to Census ACS data.

Rental Vacancy Rate in Maricopa County Arizona

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arizona 5.99% -0.42% -2.12%
Maricopa County AZ 5.70% +0.08% -2.09%

Trends in Maricopa County AZ Rental Vacancy Rate

The rental vacancy rate in Maricopa County peaked in 2009 at 13.30%. Since then it has fallen by 7.60% to 5.70%. Data records for this series originated in 2005. From a 2016 post peak low of 5.62%, the rental vacancy rate has increased by 0.08%.

Rental Vacancy Rate: Maricopa County AZ, Arizona, US

Rental vacancy rate in Arizona

Historical Rental Vacancy Rate data for Maricopa County

Date US Arizona Maricopa County AZ
2017 6.18% 5.99% 5.70%
2016 5.89% 6.41% 5.62%
2015 5.85% 7.72% 7.55%
2014 6.32% 8.11% 7.79%
2013 6.49% 8.89% 9.29%
2012 6.77% 9.01% 9.59%
2011 7.40% 10.21% 10.18%
2010 8.17% 11.07% 11.72%
2009 8.43% 12.62% 13.30%
2008 7.86% 11.33% 12.74%
2007 7.87% 9.22% 9.86%
2006 7.70% 8.18% 8.36%

Rent as a Fraction of Income

Using median household income data for Maricopa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Maricopa County, median monthly gross rent as a fraction of median household income was 21.14% in 2017 according to the ACS.

Maricopa County Arizona Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Arizona 21.63% -0.24% -0.32%
Maricopa County AZ 21.14% -0.15% -0.44%

Trends in Maricopa County AZ Rent as a Fraction of Income

The fraction of median Maricopa County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.84%. Since then it has fallen by 0.70% to 21.14%.

Fraction of Income towards Rent: Maricopa County AZ, Arizona, US

Percent of median household income going towards median monthly gross rent in Maricopa County Arizona

Historical Data for Annual Rent as a Fraction of Income in Maricopa County Arizona

Date US Arizona Maricopa County AZ
2017 20.13% 21.63% 21.14%
2016 20.43% 21.87% 21.29%
2015 20.63% 21.74% 21.13%
2014 20.89% 21.95% 21.57%
2013 20.78% 22.02% 21.54%
2012 20.65% 22.28% 21.84%
2011 20.70% 21.84% 20.97%
2010 20.50% 21.65% 21.04%
2009 20.12% 21.15% 20.49%
2008 19.00% 20.39% 19.96%
2007 18.66% 19.70% 19.32%
2006 18.90% 19.35% 18.74%

Renter Fraction in Maricopa County Arizona

You can calculate the renter fraction in Maricopa County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Maricopa County as a fraction of total Maricopa County households. In 2017 37.31% of households were renters according to Census ACS data.

Maricopa County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Arizona 35.28% -1.48% -3.58%
Maricopa County AZ 37.31% -2.20% -3.82%

Trends in the Maricopa County AZ Renter Fraction

The Maricopa County household renter fraction peaked in in 2014 at 41.13% and is now 3.82% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Maricopa County AZ, Arizona, US

Fraction of renters in Maricopa County

History of Maricopa County Renter Fraction

Date US Arizona Maricopa County AZ
2017 36.13% 35.28% 37.31%
2016 36.88% 36.76% 39.51%
2015 36.97% 38.09% 40.76%
2014 36.90% 38.86% 41.13%
2013 36.50% 37.94% 39.71%
2012 36.09% 37.44% 39.60%
2011 35.42% 36.27% 38.42%
2010 34.65% 34.75% 36.93%
2009 34.13% 32.94% 34.56%
2008 33.36% 31.88% 31.97%
2007 32.80% 31.91% 32.00%
2006 32.73% 31.55% 32.06%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.