Tucson Rent Report: April 2023

Welcome to the Apartment List April 2023 Rent Report for Tucson, AZ. Currently, the overall median rent in the city stands at $1,253, after rising 0.6% last month. Prices and are now up 4.4% year-over-year. Read on to learn more about what’s been happening in the Tucson rental market and how it compares to trends throughout the nation as a whole.

Tucson rents are up 0.6% month-over-month and up 4.4% year-over-year

The median rent in Tucson rose by 0.6% over the course of March, and has now increased by a total of 4.4% over the past 12 months. Tucson’s rent growth over the past year has has outpaced both state (-2.6%) and national (2.6%) averages.

Tucson rent growth in 2023 pacing below last year

Three months into the year, rents in Tucson have risen 0.6%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to March 2022 rents had increased 2.4%.

March rent growth in Tucson ranked #38 among large U.S. cities

Tucson rents went up 0.6% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #38. Similar monthly rent growth took place in Omaha, NE (0.6%) and Chesapeake, VA (0.6%).

Tucson is the #67 most expensive large city in the U.S., with a median rent of $1,253

Citywide, the median rent currently stands at $991 for a 1-bedroom apartment and $1,303 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,253. That ranks #67 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,158 for a 1-bedroom, $1,327 for a 2-bedroom, and $1,350 overall. The median rent in Tucson is 7.2% lower than the national, and is similar to the prices you would find in Greensboro, NC ($1,258) and Reno, NV ($1,252).