In true seasonality fashion, June brings rent increases consistent with the end of the second quarter. Nationally, average rent prices reached $1,465 following a 3.2% annual increase and up 0.8% since last month — the highest monthly jump since May 2018.  Metro Phoenix followed suit, with rents increasing — sometimes dramatically — in Valley cities. Compared to last June, renters pay $45 more on average according to the latest rent survey from Yardi Matrix.

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