Arizona’s housing
Real Estate

Apartments in Mesa AZ Rents are Rising Fast

(Source: EastValleyTribune): Wayne Schutsky – New data indicate that apartments in Mesa AZ rents are rising faster than rents in any other Arizona city, though it still remains one of the East Valley’s most affordable communities for renters.

The median apartment rent in Mesa has risen 6.4 percent in the last year, according to Apartment List’s August 2017 Mesa Rent Report.

Rents have been more stable in the short term, rising 0.1 percent in Mesa over the past month.

The median price for a one-bedroom apartment in Mesa is $840. The median price for a two-bedroom apartment is $1,050.

 Those prices are slightly higher than the median rents in Phoenix ($820 for one bedroom and $1,020 for two bedroom), but less than the median rents for all of Mesa’s East Valley neighbors, which have all experienced rising rates over the past year.

Gilbert tops the list at $1,090 for a one-bedroom apartment and $1,360 for a two-bedroom apartment. Chandler is next on the list as the median rent for a one-bedroom apartment sits at $1,030 while the two-bedroom price is $1,240.

Tempe rounds out the East Valley with one-bedroom ($910) and two-bedroom ($1,130) prices slightly above Mesa prices.