Arizona’s Build-to-Rent Boom

The build-to-rent (BTR) market is transforming housing across the U.S., with more than 110,700 single-family homes under construction, spread across more than 600 communities. As demand for rental homes increases, Arizona has emerged as a standout player, second only to Texas. With nearly 14,000 new single-family rentals underway, the state is reshaping its housing options.

Once completed, these projects will boost Arizona’s BTR inventory by 76.3%, providing much-needed rental homes for its growing population. Arizona’s affordability, job market and available land make it a prime destination for developers and renters alike, with strong additions coming from both metropolitan hubs and smaller cities.

Phoenix Metro: Leading Arizona’s BTR Growth

The Phoenix-Mesa-Chandler metro is the driving force behind Arizona’s BTR boom, with 13,100-plus units under construction — more than most entire U.S. states. Local real estate developers are working on large communities like The Canopy at Sundance and Village at Bronco Trail, each featuring more than 350 homes. For comparison, Tucson has 659 house rentals and Flagstaff 200 units currently in development.

Smaller Cities with Biggest Growths

While the city of Phoenix is leading in net numbers, several smaller cities are driving growth percentages. Casa Grande is experiencing a 600% surge in BTR supply, with 700 new homes for rent underway. Buckeye, with close to 1,900 units under construction, ranks 4th nationwide in BTR development and will boost its local inventory by 332%. Meanwhile, Surprise, Goodyear, and Queen Creek are each adding around 1,000 single-family houses, while other cities like Tucson, Chandler and Gilbert have about 100–200 rental units in the pipeline.

Apache Junction and Queen Creek are also seeing major percentage increases, with plans to more than double their rental supply as construction progresses. Together, these cities are reshaping the rental landscape by providing a mix of large-scale developments and localized expansions to meet the rising demand.

With its expansive development pipeline, affordable land and renter-friendly amenities, Arizona is a key state for build-to-rent communities, offering more options to the growing housing demand.

Phoenix Metro: Top Cities for New Single-Family Rental

10 Arizona Cities with the Biggest Inventory Increases in Build-to-Rent Houses

Percentage increase in the rental inventory once all units under construction are completed

Source: Point2Homes analysis of Yardi Matrix data, as of January 2025

About the Analysis

This analysis was performed by Point2Homes using data as of January 2025 provided by our sister company, Yardi Matrix. The data includes only properties defined as single-family homes for rent that are located in build-to-rent communities containing at least 50 single-family rental units.

Single-family rentals under construction represent units in build-to-rent communities that are in various stages of the construction process, from permitted units to units that are just waiting for a certificate of occupancy.

Alexandra Ciuntu is a senior real estate writer for Point2Homes. She holds a B.A. in Language and an M.A. in Journalism and Cultural Studies. With more than five years of experience in covering and interpreting housing market trends, she has written extensively on various real estate topics, including renter demographic shifts, residential development, the dynamics of house rentals, market reports and industry news.