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Sierra Tucson Eating Disorders Program Coordinator Administrative & Professional Tucson Urban League CEO/President Administrative & Professional Jorgensen Brooks Group Counselor Trades/Construction RANCHO RESORT MAINTANANCE POSITION Mechanical Komatsu Equipment Co Resident Field Mechanic Health Care Dependable Health Services Physical Therapists Sales and Marketing Everready Glass Sales Reps BusinessTucson's rent is lowest as rates in West rise slightlyThe Associated Press
Tucson, Arizona | Published: 07.18.2008
Tucson ranked lowest again in a quarterly survey of rents in Western metropolitan areas.
Apartment rents in the western United States are barely climbing — good news for renters but actually a sign of a weakening economy, according to a new report.
The good news for renters is that while homeowners have watched the value of their houses drop, and subprime loan holders have seen their mortgages double, even triple, many apartment renters are paying just a few dollars more than they did a year ago, according to the report by RealFacts Inc.
Of the 19 major Western metropolitan markets covered in the analysis, 14 experienced quarterly rent growth, but none more than 1.7 percent,and four actually declined. One was Tucson, where rents have declined by 0.1 percent to an average of $661, the report says.
A look at average rent in major Western markets as of June 30 and the percent change from the previous year:
San Jose, Calif.: $1,689, 1.7 percent
Los Angeles/Orange counties: $1,664., 0.8 percent
San Francisco/Oakland: $1,618, 1.4 percent
Ventura County, Calif.: $1,548, -0.3 percent
San Diego: $1,393, 1.1 percent
San Bernardino/Riverside counties: $1,162, -0.3 percent
Solano County, Calif.: $1,160, 0.5 percent
Seattle: $1,115, 2.3 percent
Sacramento, Calif.: $971, 0.5 percent
Las Vegas: $866, 0.0 percent
Denver: $880, 0.5 percent
Reno, Nev.: $865, 0.3 percent
Portland: $860, 1.1 percent
Phoenix: $812, -0.6 percent
Salt Lake City: $816, 1.6 percent
Fresno, Calif.: $806, 0.5 percent
Boise, Idaho: $744, 0.5 percent
Albuquerque, N.M.: $727, 0.8 percent
Tucson, Ariz.: $661, -0.1 percent
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