Mesa, 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, Arizona rental market.
Average Apartment Rent in February 2022
Y-o-Y Change in Average
Compared to a year ago, Mesa, Arizona apartments have recorded a 28% rent increase.
Mesa, Arizona |Average apartment rent trend
Mesa, Arizona| Average apartment rent
Mesa, Arizona | Apartment rent ranges
At 44.65%, apartments priced $1,500 - $2,000 represent the bulk of Mesa, Arizona rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.01%.
Mesa, Arizona | Housing tenure**
Renters take up 39% of Mesa, Arizona real estate, occupying a total of 70,436 units, while homeowners live in 110,694 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, Arizona | Renter-occupied housing units by no. of bedrooms**
There are 28,818 rentals in Mesa, Arizona with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 676 units. Overall, the median number of rooms in Mesa, Arizona homes for rent is 4.
Mesa, Arizona |Renter-occupied units by age of householder**
Most condos for rent in Mesa, Arizona are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (21%). 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, Arizona | Renter-occupied housing units by family type**
Mesa, Arizona | Renter-occupied housing units by the presence of own children**
A total of 40,119 apartments for rent in Mesa, Arizona, or 57% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 26,108 units. All in all, the median size of a renter-occupied household in Mesa, Arizona is 2.74.
Mesa, 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, Arizona.
Mesa, Arizona | Renter-occupied units by year structure built**
The highest share of Mesa, Arizona apartment rentals, namely 30% or 20,978 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (23%, 16,046 units), and the ones Built 1990 - 1999 (21%, 14,751 units).
Mesa, Arizona | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Mesa, Arizona renters (37%) moved in 2010 to 2014, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mesa, Arizona condos for rent is 2015.
Mesa, Arizona | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Mesa, Arizona renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 13% have No vehicle available.
Mesa, Arizona | Means of transportation to work of householders living in renter-occupied housing units**
Mesa, Arizona |Geographical mobility in the past year for householders living in renter-occupied housing units**
Mesa, 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, 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.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates