Tucson Rents up by 4.7% Since Start of Pandemic; National Rent index down 1.4%
Apartment List is reporting National rent index is down by 1.4% over the past year while rents in Tucson are up by 4.7% since the start of the pandemic. Other cities in Arizona are also up.
Highlights for Tucson rents include:
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Rents in Tucson increased 0.6% month-over-month, and are up by 4.7% since the start of the pandemic in March.
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Year-over-year rent growth in Tucson currently stands at 5.9%, compared to 5.5% at this time last year.
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Median rents in Tucson currently stand at $805 for a 1-bedroom apartment and $1076 for a two-bedroom.
Check out the full report here. Apartment List launched a new methodology for calculating rent estimates last month, all the details of which are explained here.