TUCSON, ARIZONA, March 30, 2023 -- Apartment List April 2023 Rent Report for Tucson reported that the overall median rent in the city stands at $1,253 after rising 0.6% last month. Prices are now up 4.4% year-over-year. Read on to learn more about what’s been happening in the Tucson rental market and how it compares to national trends.
Tucson rents are up 0.6% month-over-month and up 4.4% year-over-year.
The median rent in Tucson rose by 0.6% over March and has increased by 4.4% over the past 12 months. Tucson’s rent growth over the past year has outpaced both state (-2.6%) and national (2.6%) averages.
Tucson’s rent growth in 2023 is pacing below last year.
Three months into the year, rents in Tucson have risen 0.6%. This is a slower growth rate compared to what the city was experiencing at this point last year: from January to March 2022, rents had increased by 2.4%.
Tucson rents increased 0.6% in the past month compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #38. Similar monthly rent growth occurred in Omaha, NE (0.6%) and Chesapeake, VA (0.6%).
Tucson is the #67 most expensive large city in the U.S., with a median rent of $1,253.
Citywide, the median rent currently stands at $991 for a 1-bedroom apartment and $1,303 for a 2-bedroom. Across all bedroom sizes (i.e., the entire rental market), the median rent is $1,253. That ranks #67 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation is $1,158 for a 1-bedroom, $1,327 for a 2-bedroom, and $1,350 overall. The median rent in Tucson is 7.2% lower than the national, similar to the prices in Greensboro, NC ($1,258) and Reno, NV ($1,252).
Methodology
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities nationwide. In addition, our approach corrects the sample bias inherent in other private sources, producing results much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access
Apartment List publishes monthly rent reports and underlying data for hundreds of cities nationwide, as well as data, aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.