New Boom for Renters: Phoenix Landlords Hand Out Up to 3 Months Free

While New York's new communist Mayor Zohran Mamdani is doing everything in his power to destroy the Big Apple's rental housing market, the picture is a lot brighter in other parts of the country, in places where local pols still understand the laws of supply and demand. In Arizona, in particular, the rent is no longer "too d**n high." Rental prices in the Phoenix are are down and headed lower.

"There is relief in sight."

"In addition to the lower rent prices, landlords are offering a number of concessions, like 1, 2 or even 3 months free rent."

Rent prices in the Phoenix area are going DOWN. pic.twitter.com/dD7xs5bHJa
— Rapid Response 47 (@RapidResponse47) April 2, 2026

Again, supply and demand; it's as inevitable as the sun coming up. An influx of new apartment building is being credited for the drop in rents.

Renters across the Phoenix metro area are seeing relief as rent prices drop.
According to the rental marketplace website Zumper, rent prices have come down in multiple Valley cities.
The monthly rent for a 2-bedroom apartment has dropped 3.2% in Phoenix from last year, 4.6% in Scottsdale, 6.4% in Chandler, 7.6% in Tempe and 8.3% in Glendale.
Eric Atencio with Valley King Properties said there are a lot more units available right now, and it is bringing prices down.
“With all the influx of apartments in the market it is a supply and demand issue there’s a lot of supply and I said people have options now which is causing developers and landlords to compete with one another to obtain the tenant,” Atencio said.

Maybe New York should check this out.

It turns out Phoenix is leading a national trend of dropping rents:

The metropolitan areas with the largest rent drops were Phoenix (down 5.8%), Austin, Texas (down 6.1%), and Sarasota, Florida (down 8.3%), according to Apartment List. One notable exception was the San Francisco Bay Area, where rents were up 15%.
By state, the drops were largest in Arizona (down 4.5%), Colorado (down 4.4%), Texas (down 3.1%), Florida (down 3%) and Tennessee (down 2.5%). Among the states that saw increases were North Dakota (up 7.3%), Delaware (up 4.2%), Mississippi and West Virginia (both up 4.0%) and Illinois (up 3.4%).

Note that the states that saw rent decreases were mostly, but not all, red states; the states seeing an increase were again, mostly, but not all, blue states. A broad trend? Or something else? Blue states, yes, tend to have more onerous regulation and zoning requirements, which limit construction and thus restrict supply.

But many of these states where rents are dropping are also states - Arizona, Texas, Florida - where the Trump administration's policies have led to an exodus of illegal aliens, who are voluntarily self-deporting or just plain being sent packing. This, too, would affect rental prices by increasing supply and decreasing demand. That's not mentioned in any of these reports, but it sure seems likely, doesn't it?

A national economy is a complex thing. Unintended consequences abound. The Biden-era influx of illegal aliens put a lot of stress on rental markets, while blue state and blue city restrictions limited new construction. This drove rents up. Now the illegal aliens are being sent home, and it seems that at least in the Phoenix area, some new rental units are coming online. This is having the inevitable effect: Housing is becoming more affordable for young Americans, many of whom are taking their first steps into independence.

Now, in New York City, on the other hand, renters still have some suffering ahead.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

Help us continue to report on the president’s economic successes and combat the lies of the Democrats. Join RedState VIP and use promo code FIGHT to get 60% off your membership.