Search
Close this search box.
Report: Flagstaff Apartment Rentals Are 14-18% Higher Than A Year Ago

Rents in Flagstaff are going higher and higher. Housing Solutions of Northern Arizona released its new “Rental Attainability Report” Monday, saying apartment rentals in Flagstaff have gone up between 14-and-18-percent over the last year. The survey says local households searching for a two-bedroom rental unit in Flagstaff can expect to pay $1,971 a month on average. That average is a 12.1-percent increase. In the past 20 months, the largest increase came with studio apartment rents, which now average $1,342 a month, which is a 23.2-percent increase. Average rent for a one-bedroom unit is $1,617 a month, which is an eight-percent increase, and it will cost just under 25-hundred dollars a month for a three-bedroom unit, a 13.4-percent increase. A Flagstaff household would need to earn $6,570 a month, or $78,840 a year, to be able to afford average rent on a two-bedroom apartment without being housing cost burdened, which is defined as paying more than 30-percent of gross monthly income on housing. Housing Solutions says there is some good news however. In Flagstaff, there are 1,890 units that are affordable to low-and-moderate income households in the city, with additional affordable housing units currently under construction and in development planning phases. For more information log onto housingnaz.org.

Share:

Facebook
Twitter
LinkedIn

More from

KAFF Sports