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The Rise of Short-Term Rental Demand in Phoenix

PHOENIX, AZ

12.09.2024

The Rise of Short-Term Rental Demand in Phoenix  The demand for short-term rentals in Phoenix increases year after year. In Maricopa County, the demand for these short-term rentals has increased by 6% in June 2024 from June 2023 and gone up 4.6% in the months of August and September in 2024 over August and September in 2023, according to the Arizona Office of Tourism.

There are multiple reasons why Phoenix consistently ranks as one of the fastest growing cities in the world. Whether you flock to Phoenix for the weather, the work, or the play, AVE has three state-of-the-art residential communities in Greater Phoenix offering flexible-stay furnished apartments – AVE Phoenix Sky, AVE Phoenix Terra, and AVE Paradise Valley.
 

Snowbirds Are Flocking

Forbes Magazine listed Southern Arizona, including Phoenix, as a popular market for the snowbird season, according to data found during October 2023 – April 2024. Phoenix settles nicely between 60-70 degrees during the cooler months, making this mild weather very attractive to sunbathers who want to relax at the pool or golfers who plan on spending the warm days on the course.

Snowbirds may relax at AVE’s resort-style pools or use AVE as home base while they step out for a day on the golf course. Encanto Golf Course, either a 9-hole or 18-hole course, is a five-minute drive from AVE Phoenix Terra and AVE Phoenix Sky, while AVE Paradise Valley is 15 minutes away from Paradise Valley Golf Course and Mountain Shadows Golf Course.

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Growing Workforce

The average age of short-term renters is getting younger as remote, or hybrid work schedules are becoming increasingly common, according to Forbes.

With companies such as Honor Health, American Express, Mesa Air, Valley Wise, Phoenix Children’s Hospital and even Arizona State University, Phoenix is a booming tech city with increasing job opportunities which draws in working professionals relocating from other parts of the country. The city ranks as the 10th best for tech industry growth in 2023, with a tech workforce of over 103,000 people.

Busy professionals staying at AVE for short-term housing needs can take advantage of remote-work friendly amenities at all three locations. AVE offers complimentary on-demand flex workspaces such as 24/7 business centers, executive conference rooms available for reservation, private work pods, and accessible high-speed WiFi.
 

Leisure and Entertainment

Phoenix is the perfect destination for any nature junkie, foodie, or sports-fanatic. Stay at AVE and be footsteps away from scenic parks, delicious restaurants, and a sports hub during your short-term visit.

With a never-ending list of hikes to conquer, short-term residents can enjoy South Mountain Park, Papago Park, and Praying Monk on Camelback Mountain, all near AVE Paradise Valley.

Roosevelt Row, 5 minutes away from AVE Phoenix Terra and AVE Phoenix Sky, offers an array of dining options, from coffee shops to wine bars and late-night eateries, making it a local favorite.

And of course, Chase Field, home of the Arizona Diamondbacks and Phoenix Suns, is a landmark to the Phoenix area and less than 10 minutes away from AVE Phoenix Terra and AVE Phoenix Sky.

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Your Short-Term Rental Options in Phoenix

All three AVE residential communities are conveniently located for short-term renters and offer amenities that cater to their needs.

“AVE positioned ourselves to be located in great parts of the Greater Phoenix Area whether you want to be Downtown or more connected with nature,” says Breann Kelley, Regional Director at AVE Phoenix Sky. “There is a lot of access for exploration from beautiful trails to diverse dining.”

With AVE’s furnished apartments, you have all the benefits of home like a custom furniture package, fully accessorized kitchens with appliances, cookware and dinnerware – everything you need to cook, a washer and dryer in residence, luxury bed and bath linens and ample storage. Just bring your suitcase and we’ll take care of the rest!

AVE specializes in flexible apartment living, making any short-term trip to the area as seamless as possible. “We have everything you could ever need in our furnished apartments to feel comfortable for stays of 30 days or longer,” says Kelley.
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