For every vacant apartment in the Phoenix metro, there are an average of 20 renters applying for it.

That’s according to a report from RentCafe that looked at the most competitive markets for rentals in the U.S.

Phoenix ranked at No. 39 out of 50 cities.

“On a national level, apartments that became vacant were filled within 28 days on average this rental season,” the report said. “During the same time period, 95.4% of total rentals were occupied, with an average of 14 prospective renters competing for a vacant apartment.”

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By Jeff Gifford and Brent Godwin - Phoenix Business Journal