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Rent CheckPublished October 21, 2025
September 2025 Rent Check
The Arizona rental market in September 2025 showed growing supply and slightly slower tenant demand. Active listings held steady at 6,268, up over 38% from six months ago and 15% higher than last year. Closed rentals decreased 14.6% from August, but remained flat compared to the previous quarter and a year ago. New listings reached 2,985, showing landlords are continuing to test the market even as absorption cools. The average days on market rose to 53, a 10% monthly increase and nearly 18% higher than summer levels, reflecting more competition for renters. Months of supply across most price ranges hovered between 2.5 and 3.5 months, with lease-to-list ratios holding firm near 99–100%, signaling that while homes are taking longer to rent, pricing remains resilient. Overall, September’s data points to a balanced but softening rental market, giving renters more options and landlords an incentive to price competitively.
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