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New study finds apartment rent prices on the rise over the last month

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Posted at 1:36 PM, May 30, 2019
and last updated 2019-05-30 16:36:11-04

TUCSON, Ariz. -- A new study found that apartment rent prices have risen 0.3 percent in the last month.

Apartment List's study found that the median rent for a two-bedroom apartment in Tucson is $940, which is the lowest amount compared to the other 10 largest cities in Arizona.

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Gilbert is the most expensive, their median two-bedroom rent costing nearly $1,500 in the month of May.

Apartment List officials say that over the last few years, rent has increased almost 2 percent each year while Arizona is up 3.4% for the last 12 months.

Nationally, rent is up 1.5%, according to the national study.

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