17 Oct October Rental Market Update: Northern Arizona
Welcome to Unlimited RE Property Management’s October update on the rental markets in Flagstaff, Prescott, Sedona, and Lake Havasu City. Whether you’re a property owner or an investor, understanding these trends can help you make informed decisions. Let’s dive into the latest data and explore what it means for your investment strategy.
Flagstaff
Flagstaff’s rental market has seen a slight stabilization, with the average rent for all property types maintaining at $2,200. This lack of month-over-month change indicates a steady environment, despite a $100 year-over-year decrease. With 243 available rentals, the market remains robust, suggesting that demand is holding strong with a bit of a downturn in pricing. For those looking to invest or rent out their properties, this stability offers a promising outlook.
Prescott
Prescott’s rental market has experienced a downturn, with the average rent decreasing to $1,850. This $50 month-over-month drop, coupled with a $29 year-over-year decrease, reflects a cooling trend. However, with 211 available rentals, there is still a healthy supply to meet existing demand. Property owners may need to adjust their strategies to attract renters in this slightly softer market.
Sedona
Sedona’s luxury rental market has seen a decline, with the average rent dropping to $3,360. The $40 month-over-month decrease and a $135 year-over-year decrease suggest a shift in luxury rental dynamics. With 131 available rentals, Sedona remains a premium destination, but property owners might need to reassess their strategies to align with the current market trends.
Lake Havasu City
Lake Havasu City’s rental market has experienced a significant decline, with the average rent falling to $1,800. This $50 month-over-month decrease, alongside a $200 year-over-year drop, indicates another cooling trend. With 391 available rentals, the market has ample supply. Despite the decline, the area remains attractive for both short-term and long-term rentals.
As we navigate through October where prices and weather are both cooling, the rental markets in Flagstaff, Prescott, Sedona, and Lake Havasu City present a mix of opportunities and challenges. Whether you’re looking to invest, rent out, or simply understand the market better, Unlimited RE Property Management is here to help. Request a free property analysis today and let us guide you through the ever-evolving world of real estate.
Data sourced from Zillow Rental Market Trends as of October 13, 2025.