Though Phoenix remains one of the cheaper places to live in the country, rents in the region continue to outpace national growth.
A new study from RentCafe stated rents rose 6.9 percent during the past 12 months, up from $933 to $997 on average per month for all apartment sizes. That's the third fastest-growing rent prices in the U.S.
The Valley's rent increases outpaced the national increase of 3 percent, but prices remain significantly lower than the national average apartment rent of $1,412,…
