TUCSON, AZ (July 9, 2024) -- The Apartment List July 2024 Rent Report for Tucson is reporting the overall median rent in the city stands at $1,100, after rising 0.6% last month. Prices remain down 1.5% 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 down 1.5% year-over-year
The median rent in Tucson rose by 0.6% over the course of June, and has now decreased by a total of 1.5% over the past 12 months. Tucson’s rent growth over the past year has is similar to both the state (-2.4%) and national averages (-0.7%).
Tucson rent growth in 2024 pacing below last year
Six months into the year, rents in Tucson have risen 0.4%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to June 2023 rents had increased 3.5%.
Tucson rents went up 0.6% in the past month, compared to the national rate of 0.4%. Among the nation's 100 largest cities, this ranks #42. Similar monthly rent growth took place in St. Louis, MO (0.6%) and Mesa, AZ (0.6%).
Month-over-Month Rent Growth Among 100 Largest Cities In the U.S.
Tucson is the #89 most expensive large city in the U.S., with a median rent of $1,100
Citywide, the median rent is $918 for a one-bedroom apartment and $1,178 for a two-bedroom. Across all bedroom sizes (i.e., the entire rental market), the median rent is $1,100. That ranks #89 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation is $1,239 for a one-bedroom, $1,396 for a two-bedroom, and $1,411 overall. The median rent in Tucson is 22.0% lower than the national average and is similar to the prices you would find in St. Louis, MO ($1,111) and Memphis, TN ($1,086).
Median Overall Rent Among 100 Largest Cities In the U.S.
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. Our approach corrects for 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 helps 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.