Looking for Qualified Property Management Companies in Phoenix, AZ?

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Specialty # of Agencies
Single House or Condo 6
Apartment Buildings 5
Home Owners Association 6
Total Local Companies 14

The average rent for a 3 bedroom house in Phoenix, AZ is $1,410.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Phoenix, AZ Rental Market Overview

Phoenix is the largest city in Arizona and the sixth most populated city in the United States. Residents and visitors to the area enjoy easy access to the Grand Canyon; a warm, dry climate; and year-round sunshine. Home to the University of Arizona and the Luke Air Force base, Phoenix's population is made up of a high proportion of students and state employees. Together with its annual influx of winter-weather refugees, aka, "snowbirds," these groups provide a large client base for Phoenix rental property owners and property management companies.

Good News for Phoenix Property Investors...and Phoenix Property Management Companies

Despite the housing collapse, Phoenix is seeing a rise in demand for rental housing. Apartment buildings are predicted to lead Phoenix area's real estate market toward recovery. With higher than average demand for rentals, property owners and property management companies have increased rent prices by 2.5% in recent months, and will continue to raise prices well into the foreseeable future, according to a March 2011 news report from the local station ABC15.

With a large number of foreclosures driving the increased demand for rental housing, property investors are turning to Phoenix property management companies to help them screen potential tenants and select the ones with the best prospects of paying their rent. Better credit scores, higher deposits, and longer leases are all becoming requirements in what is no longer a renter's market. As the result, property investors are seeing larger profits, and hiring property management companies to help them maximize their efficiency while growing their businesses.

Phoenix Rental Market at a Glance

  Phoenix MSA US
2012 Population 4.3 million 380 million
2010 Percentage of renters 33.65% 34.00%
2013 (1st Q) Rental vacancy rate 10.1% 8.4%
2013 Median house price $175,000 $185,400
2013 Median income $48,596 $51,425
2013 Median rent (3 bedroom) $1,393 $1,350

Phoenix, Arizona (population: 4,329,534) has seen a drop in its vacancy rate from 19.8% for the first quarter of 2010 to 10.1% for the beginning of 2013. Despite this drop, the median rent has remained close to its current amount of $1,363 for the last three years. The median family income is $48,596 and the median home price is $175,000.

Vacancy rates and population estimates taken from census.gov/housing

Rent data from HUD.gov

Median family income and price from CNNMoney.com

Percentage of renters reported by City-data.com

Finding Phoenix Property Management Companies

Finding the right property manager is essential to growing your business.

Use Halby to select from among Phoenix's best property management companies. Type your zip code into our search widget to find companies who manage properties in Phoenix---then request free quotes.


Arizona Property Management Law

Most Expensive Areas to Buy in Phoenix

Top Rated Phoenix School Districts

Top Single Family Managers

Serving All of Arizona
Statewide, AZ 85001

Managing: Single-Family :
Simple FLAT RATE pricing, GUARANTEED tenant within 30 days or its FREE!!

4641 N. 12th Street , Suite 200
Phoenix, AZ 85014

Managing: Single-Family : Multi-Family :
No upfront fees! No hidden costs! This 30 yr combat veteran will take care of you and your property.

4711 E Falcon Drive Ste 221
Mesa, AZ 85215

Managing: Single-Family :
Tenant Placement Guarantee, Eviction Protection Guarantee, Satisfaction Guarantee. NO HIDDEN FEES! "A+ Rating with BBB"

Top Multi-Family Managers

4641 N. 12th Street , Suite 200
Phoenix, AZ 85014

Managing: Single-Family : Multi-Family :
No upfront fees! No hidden costs! This 30 yr combat veteran will take care of you and your property.

950 East Brown Road
Mesa, AZ 85203

Managing: Single-Family : Multi-Family :
$79 FLAT FEE, Exclusive Property Management Agency, 12 month Tenant Guarantee, No leasing fees, No reserve Accounts

521 S. 48th St. #105
Phoenix, AZ 85281

Managing: Multi-Family :
We work hard so you don't have to. Serving Property Owners since 1992. BBB Accredited

Top Association Managers

180 West Magee , Suite 134
Tucson/Scottsdale, AZ 85704

Managing: Association :
Is your community reaching its potential? Discover the possibilities of life with Associa.

7955 S Priest Dr Ste 105
Tempe, AZ 85284

Managing: Association :
Known for innovation, know-how and integrity in managing Homeowner and Condominium Associations.

16625 S. Desert Foothills Parkway
Phoenix, AZ 85048

Managing: Association :
Big enough to serve you: Small enough to want to.

Additional Property Management in Phoenix, AZ

1850 E Northrop Boulevard , Suite 140
Chandler, AZ 85286

Managing: Association :
The 250+ home single family HOA Experts. CLICK to Hear What Our Board Members Have to Say!

4838 E. Baseline Rd., Ste 104
Mesa, AZ 85206

Managing: Single-Family :
Quality Property Management for Quality Properties.

PO Box 773
Litchfield Park, AZ 85340

Managing: Single-Family :
We believe we have the best price in the Basin of the "Valley of the Sun" $40/month ONLY !

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

3420 S. Shea Blvd, Suite 161
Phoenix, AZ 85028

Managing: Single-Family : Multi-Family :
Success starts with calling GoldenWest. Rent your home in under one month! Fast, Safe & Experienced with No Hidden-Fees

42 S. Hamilton Place, Suite 101
Gilbert , AZ 85233

Managing: Association :
Managing Arizona Real Estate since 1933. Avg client stays with us 11+ years, the longest 44 years. >>Check our website<<

1011 N. Val Vista Drive , Suite 101
Gilbert, AZ 85234

Managing: Multi-Family :
A+ Rating with BBB. Experienced Multi-Family Property Management Company. Quick unit turn-around and dedicated leasing team!

8434 N 90th Street , Suite 100
Scottsdale, AZ 85258

Managing: Multi-Family :
Providing clients award-winning multifamily property management services in Arizona since 1976.


Q2 2015 Rental Ranking Report

The Phoenix metropolitan area, home to Arizona State University and a wealth of high-tech and telecommunications companies, is highly regarded as one of the best cities in the Southwest in which to live, work and play. With its exceptionally warm winter that is popular with snowbirds and some of the finest golf courses in the country, it's no surprise that Phoenix continues to have an active rental real estate market. Thanks to its strong business climate, Phoenix placed on the National Federation of Independent Business' . You'll also find Phoenix on Forbes' .

Q2 2015 Phoenix Rental Market Update

In Q2 2015, Phoenix was the second-best rental market in the Southwestern U.S. and 14th-best in the country as a whole. Since Q1 2015, Phoenix retained its second-place spot in the Rental Ranking Report's regional rankings for the Southwestern U.S. but jumped three spots in the national rankings.

It's hard to find fault in the Phoenix rental market from the perspective of a rental property owner. All the real estate statistics used to gauge housing demand - from vacancy rates to annual job growth to median age of housing inventory - indicate that demand for Phoenix housing is well above average. Annual rental price appreciation, always important for rental property owners to consider, was an impressive 5.98 percent (around 20 percent higher than the national average) in Phoenix in Q2 2015. Local property values also increased by 5.36 percent, increasing the value of Phoenix landlords' rental units at a healthy clip.

The only weakness of the Phoenix rental real estate market that the Q2 2015 Rental Ranking Report identified was its moderately low 5.85 percent capitalization rate. ("Cap rates" compare annual rents to property values and are commonly used by investors to assess the attractiveness of rental properties.) Given that Phoenix's cap rate was about 14 percent smaller than the national average in Q2 2015, prospective Phoenix rental property owners had more lucrative investment opportunities elsewhere during that time.

Q1 2015 Phoenix Rental Market Update

The Q1 2015 Rental Ranking Report ranks Phoenix as the second-best place for rental real estate investment in the Southwest and 17th out of the 75 U.S. metros evaluated in that report.

Phoenix's tax and insurance costs are among the most investor-friendly in the country, with annual home insurance premiums averaging just $691 and property taxes at less than 1 percent. What's more, Phoenix investors have strong price momentum going for them; house prices have risen by just over 7 percent, placing them 22nd out of the 75 Rental Ranking Report markets. Cap rates are 5.77 percent, which is respectable but not spectacular (the average U.S. cap rate is 7.18 percent). Job growth in the region is strong at 3.77 percent, 17th highest in the country for that metric.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, Halby gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Phoenix rental property?

There has never been a better time to invest in rental real estate in the Phoenix metropolitan area. Solid property value appreciation and job growth indicate that there is - and will likely continue to be - great demand for Phoenix rental housing for quarters to come.

Thinking about renting out a property in Phoenix? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the Halby staff get quotes for you.

Halby specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.

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