AriZona Real Estate insider!

With home prices high AF, many prospective buyers are turning to renting as a more viable option. As a result, Arizona’s suburbs, especially those around Phoenix and Tucson, are becoming increasingly popular among renters looking for spacious, single-family homes. Today, we’ll explore some of the top suburbs in these areas that are drawing renters in with their appealing mix of affordability, space, and lifestyle.

Top Suburbs Near Phoenix for Renters

Recent analysis by Point2 highlights the best suburbs within a 20-mile radius of both Phoenix and Tucson. The findings reveal that these 3 suburbs are almost evenly split between the two metro areas, making both cities great options for renters. Here’s a closer look at the top suburbs near Phoenix:

• Buckeye: Despite Tucson’s Vail taking the top spot, Buckeye is a standout suburb with a high number of rental listings and spacious homes. Buckeye’s rapid growth and appeal to new residents ensure its place as a prime area for renters.
• El Mirage: Tied for 3rd place with Tucson’s Tanque Verde, El Mirage is quickly becoming a renter favorite. The suburb offers a balanced lifestyle with growing incomes, a reasonable cost of living, and a strong single-family renter community (84%).
• Anthem: Ranked 5th, Anthem offers some of the largest homes among Phoenix’s surrounding suburbs. With significant renter incomes, Anthem residents enjoy a comfortable and spacious lifestyle.

Now, look at what makes these areas so appealing to home renters.

Buckeye:
Buckeye is not just Arizona’s largest suburb by area; it’s also one of the fastest-growing cities in the entire United States. Its rapid population growth, which saw a 53% increase in just the last five years, is a testament to its appeal. Buckeye offers a unique combination of spacious, affordable homes with an average of 5.5 rooms per household, making it ideal for families or anyone looking for extra living space. The suburb’s low population density ensures residents have room to breathe and enjoy a less crowded environment, which is becoming increasingly rare in suburban areas. With continued development and a growing inventory of rental homes, Buckeye presents an attractive option for renters seeking both space and community.

El Mirage:
El Mirage is on the fast track to becoming a top choice for renters due to its combination of affordability and quality of life. The suburb boasts a strong single-family renter share (84%), making it a cohesive community where renters can feel right at home. El Mirage offers a high standard of living with growing incomes and a cost of living that’s appealing to a wide range of residents. The suburb’s spacious rental homes and family-friendly environment make it a great place for those seeking a comfortable and affordable lifestyle close to Phoenix’s urban amenities.

Anthem:
Anthem stands out as one of the top suburbs for house renters, ranking 5th in the Point2Homes study. What makes Anthem particularly attractive is the size of its rental homes—residents here enjoy some of the largest homes among all the Phoenix suburbs, offering ample space for families and those who value extra room. Anthem’s residents also benefit from significant incomes, which help them maintain a desired lifestyle with access to top-notch amenities, parks, and recreational facilities. The community-focused design of Anthem, with its well-planned neighborhoods and vibrant social scene, makes it an appealing choice for renters looking for both luxury and convenience. Located in the north valley of Phoenix, Anthem offers easy freeway access to Scottsdale, Glendale, and Peoria, making it convenient for those who work or play in these areas. Plus, if you’re planning a trip to Las Vegas, living in Anthem puts you at least an hour ahead of the journey compared to starting from central Phoenix. With its spacious homes and high renter incomes, Anthem is an attractive option for those seeking a blend of comfort, accessibility, and lifestyle.

For a more detailed look at these suburbs and others, Point2 has ranked 35 suburbs surrounding Phoenix and Tucson based on 12 key metrics. This comprehensive analysis offers insights into why these areas are becoming hot spots for house renters. You can dive deeper into these findings, including the increasing popularity of suburban living among Millennials, as reported by researchers at the Harvard Joint Center for Housing Studies, the rise of renter-majority suburbs like Tempe, and Phoenix’s leadership in the build-to-rent housing trend, all in the full report. To explore the complete ranking and data, check out the full article on Arizona’s Best Suburbs for House Renters here.