Tucson, 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 Tucson, Arizona rental market.
Highlights
An apartment for rent in Tucson, Arizona typically goes for $1,307 per month, while a single-family home for rent in Tucson, Arizona has a monthly cost of around $1,893. Renter-occupied units make up 49% of the local housing market, while the rental vacancy rate in Tucson, Arizona is at 5.7.
Tucson, Arizona
Average Apartment Rent
$1,307
Y-o-Y Change in Average
Apartment Rent
1.6%
Average Single-Family Rent
$1,893
As of November 2024
Compared to a year ago, Tucson, Arizona apartments have recorded a 1.6% rent increase.
Tucson, Arizona Average apartment rent trend
Tucson, Arizona Average Apartment Rent
Tucson, Arizona Apartment rent ranges
At 47.18%, apartments priced $1,000 - $1,500 represent the bulk of Tucson, Arizona rentals, while condos priced $500 - $700 hold the lowest share of the market – 1.76%.
Tucson, Arizona Housing tenure**
Renters take up 49% of Tucson, Arizona real estate, occupying a total of 108,311 units, while homeowners live in 112,458 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$37,727
Average household size of renter-occupied housing units**
2.19
Rental vacancy rate**
5.7%
Tucson, Arizona Renter-occupied housing units by no. of bedrooms**
There are 35,125 rentals in Tucson, Arizona with 1 bed making up the highest share of the market, at 32%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 951 units. Overall, the median number of rooms in Tucson, Arizona homes for rent is 3.8.
Tucson, Arizona Renter-occupied units by age of householder**
Most condos for rent in Tucson, Arizona are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 15 - 24 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Tucson, Arizona Renter-occupied housing units by family type**
Tucson, Arizona Renter-occupied housing units by the presence of own children**
A total of 45,024 apartments for rent in Tucson, Arizona, or 42% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 28,257 units. All in all, the median size of a renter-occupied household in Tucson, Arizona is 2.19.
Tucson, Arizona Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Tucson, Arizona.
Tucson, Arizona Renter-occupied units by year structure built**
The highest share of Tucson, Arizona apartment rentals, namely 21% or 22,258 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (20%, 21,984 units), and the ones Built 1990 - 1999 (15%, 16,543 units).
Tucson, Arizona Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Tucson, Arizona renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Tucson, Arizona condos for rent is 2018.
Tucson, Arizona Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Tucson, Arizona renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 17% have No vehicle available.
Tucson, Arizona Means of transportation to work of householders living in renter-occupied housing units**
Tucson, Arizona Geographical mobility in the past year for householders living in renter-occupied housing units**
Tucson, 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 Tucson, 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, 2022 American Community Survey 5-Year Estimates
