Phoenix Rental Market Report for February 2022 (Source: ARMLS)

RENT Check is the ARMLS® monthly publication that examines the Valley’s current residential single-family rental market. RENT Check also features the RENT Check Quotient(RCQ) which compares leasing activity to sales.

What’s the RENT Check?
Quotient (RCQ)? It is the ratio of closed rentals to closed sales. For example, 1:2 (one to two) would mean for every 1 rental, there are 2 closed sales. 1:1 (one to one) would mean that the number of closed rentals and closed sales is the same.

Download the latest Phoenix rental market report here: Feb 2022 Rental Market Report