Phoenix Rental Market Report for May 2023 (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: April 2023 Rental Report