15 Aug August Rental Market Update: Northern Arizona
As the scorching heat of Phoenix and Tucson drives residents northward in search of relief, Northern Arizona’s rental market continues to thrive. The allure of cooler temperatures and stunning landscapes is not only drawing in tourists but also driving a surge in rental demand. This month, we’ve seen a notable shift in the rental landscape, with each city offering unique opportunities for both renters and property owners. Whether you’re a seasoned investor or a homeowner looking to capitalize on the current trends, now is the perfect time to get a free rental analysis for your property.
Flagstaff Single Family Homes
Flagstaff’s rental market has experienced a slight uptick, with the average rent for single-family homes increasing to $2,825. This $25 month-over-month increase, despite a $75 year-over-year decrease, indicates a stabilizing market. With 104 available rentals and an average of 54 days on the market, the demand remains robust, suggesting a healthy rental environment for those looking to invest or rent out their properties.
Prescott Single Family Homes
Prescott’s rental market continues to showcase remarkable stability, with the average rent for single-family homes holding steady at $2,500. This consistency is evident in both the month-over-month and year-over-year changes, which are at $0 and +$50, respectively. With 99 available rentals and an average of 109 days on the market, Prescott remains an attractive location for renters, maintaining its appeal as a desirable place to live and invest.
Sedona Single Family Homes
Sedona’s luxury rental market has seen a significant rebound, with the average rent for single-family homes increasing to $3,745. This $145 month-over-month increase, combined with a $95 year-over-year increase, reflects a growing demand for luxury rentals. With 82 available rentals and an average of 163 days on the market, Sedona continues to be a premium destination. Property owners in this area may want to leverage this trend by adjusting their strategies to meet the evolving demands of luxury renters.
Lake Havasu City Single Family Homes
Lake Havasu City’s rental market has seen a positive shift, with the average rent for single-family homes increasing to $2,200. This $84 month-over-month increase, alongside a $10 year-over-year increase, indicates a growing interest in the area. With 218 available rentals and an average of 132 days on the market, the city offers ample opportunities, especially for those looking to capitalize on the peak travel seasons. This trend suggests that the area is becoming increasingly attractive for both short-term and long-term rentals.
As August unfolds, Northern Arizona’s rental market continues to offer exciting opportunities for both investors and renters. Whether you’re in Flagstaff, Prescott, Sedona, or Lake Havasu City, the current trends indicate a dynamic and evolving landscape. To make the most of these opportunities, consider getting a free rental analysis for your property. This will help you understand the market trends and maximize your investment potential. Don’t miss out on the chance to capitalize on the thriving rental market in Northern Arizona!
Data sourced from Zillow Rental Market Trends as of August 13, 2025.