Mesa city, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mesa city, Arizona rental market.
Mesa city, Arizona
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Compared to a year ago, Mesa city, Arizona apartments have recorded a 8.71% rent increase.
Mesa city, Arizona |Median apartment rent trend
Mesa city, Arizona| Average apartment rent by city
Mesa city, Arizona | Apartment rent ranges
At 58.07%, apartments priced $1,000 - $1,500 represent the bulk of Mesa city, Arizona rentals, while condos priced under $500 hold the lowest share of the market – 0.09%.
Mesa city, Arizona | Housing tenure
Renters take up 40% of Mesa city, Arizona real estate, occupying a total of 70,782 units, while homeowners live in 107,608 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Mesa city, Arizona | Renter-occupied housing units by no. of bedrooms
There are 28,461 rentals in Mesa city, Arizona with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 852 units. Overall, the median number of rooms in Mesa city, Arizona homes for rent is 4.
Mesa city, Arizona |Renter-occupied units by age of householder
Most condos for rent in Mesa city, Arizona are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mesa city, Arizona | Renter-occupied housing units by family type
Mesa city, Arizona | Renter-occupied housing units by the presence of own children
A total of 40,251 apartments for rent in Mesa city, Arizona, or 57% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 26,663 units. All in all, the median size of a renter-occupied household in Mesa city, Arizona is 2.73.
Mesa city, Arizona | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Mesa city, Arizona.
Mesa city, Arizona | Renter-occupied units by year structure built
The highest share of Mesa city, Arizona apartment rentals, namely 29% or 20,793 units, were built 1980 - 1989, followed by those built 1970 - 1979 (23%, 16,308 units), and the ones built 1990 - 1999 (21%, 15,109 units).
Mesa city, Arizona | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Mesa city, Arizona renters (51%) moved in 2010 to 2014, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mesa city, Arizona condos for rent is 2014.
Mesa city, Arizona | Renter-occupied housing units by vehicles available
When it comes to transportation options, 47% of Mesa city, Arizona renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 13% have no vehicle available.
Mesa city, Arizona | Means of transportation to work of householders living in renter-occupied housing units
Mesa city, Arizona |Geographical mobility in the past year for householders living in renter-occupies housing units
Mesa city, Arizona | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mesa city, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates