Rent Your Vacation Home or Condo in Phoenix, Arizona

Positive vacation rental trends in Phoenix, Arizona when you considering renting out your Phoenix home as a short-term rental include: low vacancy rates and steady demand. Vacation rentals are increasingly popular in Phoenix, Arizona, due to an increasing number of visitors to the city each year. Being a short-term rental property can bring many benefits, including the opportunity to increase your income and reduce your costs. Short-term rentals can also help you reduce the risk of loss or damage to your property, which can be an important consideration if you have important items inside. Another positive trend is that more people are choosing to rent their homes when they travel. This means there’s always demand for short-term rentals in Phoenix, Arizona.

When partnering with RedAwning for your property management needs, we can make sure your Phoenix rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Phoenix

During the month of January, Phoenix is projected to generate over $192/night for a 2 bedroom vacation rental, on average! There were 6,308 vacation active rental properties in Phoenix.  5,587 are renting the entire place, and 721 are shared rooms.  On average, during the month of January 2023, each vacation rental property in Phoenix is booked 62% of the time, and most hosts are projected to generate $2,483 or more during the month of January! See how much you could earn with our free vacation rental income calculator.
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$192.00 Per Night*

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62% Occupied*

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$2,483.00 Per Month*

* Based on the median average of all vacation rentals in the Phoenix area.
Get a free estimate for your home or condo.

Featured Phoenix Vacation Rental Generating Record Profits With RedAwning

Orangewood Mansion Starting at $940 to $11,022 per night!

Orangewood Mansion 7 BD/7BA 8,000 sq. feet estate with palm trees, a heated pool and spa, luxury kitchen, billiards room with a pool table and arcade games, outdoor game room with ping pong, cornhole, basketball & more! Located in the iconic central Phoenix corridor, Orangewood Mansion is a short drive to old town Scottsdale, downtown sports arenas, and plenty of dining and nightlife! Easily accommodates 16 guests. Free highspeed Wi-Fi internet throughout the property. Plenty of... Read More

This Phoenix vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Phoenix.

Successful short-term vacation rentals in Phoenix, Arizona

When you’re considering the possibility of renting out your Phoenix home as a short-term rental, there are a number of positive trends that you can look for to make sure that you’re going to end up with a successful and profitable vacation rental experience. One of the most important factors to consider is your target market. If you’re trying to rent out your Phoenix home as a short-term rental, it’s important to think about what kind of people are going to be looking for a vacation property in the area that you’re offering. If you’re trying to rent out your Phoenix home as a short-term rental, it’s important to think about what kind of people are going to be looking for a vacation property in the area that you’re offering. Another important factor to consider when you’re thinking about renting out your Phoenix home as a short-term rental is the competition. There are many other short-term vacation rentals available in Phoenix, so it’s important to do everything that you can to stand out from the crowd. One way that you can do this is by offering attractive pricing and great amenities.

When you decide to list your Phoenix home as a vacation rental, there are few things to keep in mind. First of all, it is important to understand the regulations surrounding short-term rentals in Phoenix. While Airbnb has become very popular in recent years, it is not legal for people to rent out their Phoenix home as a short-term rental if they do not have a bed and breakfast license or other type of business license required by the city. As well, homeowners should be aware that if their home is located in an area that is zoned for commercial use, they may need to apply for a special permit from the city before renting out their Phoenix home as a short-term rental.

RedAwning takes the guess-work out of Phoenix property management, and we work with you to ensure your Phoenix short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Phoenix vacation rental could earn:

Revenue Projections for Vacation Rentals in Phoenix, Arizona during February, 2023

Based on a 2 bedroom, which is the most common Phoenix vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in February. Higher bars below can command higher prices, if your Phoenix vacation rental is available during these days.
 
$31184%1st
 
$32885%2nd
 
$37886%3rd
 
$39085%4th
 
$44884%5th
 
$49083%6th
 
$54383%7th
 
$62984%8th
 
$86585%9th
 
$1,07487%10th
 
$1,10586%11th
 
$1,04385%12th
 
$72482%13th
 
$42982%14th
 
$38484%15th
 
$37985%16th
 
$41087%17th
 
$41288%18th
 
$33787%19th
 
$30385%20th
 
$30085%21st
 
$29885%22nd
 
$31586%23rd
 
$35887%24th
 
$35787%25th
 
$32386%26th
 
$29985%27th
 
$28983%28th
 

Average Daily Price & Percent Occupied Next Month In Phoenix

Note: These averages are based on a 2 bedroom home in Phoenix. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Phoenix, Arizona?

If you are a speculative home buyer or have another home in Arizona, check out our other Arizona Vacation Rental Management reports in FlagstaffGilbertHolbrookScottsdaleSedonaTempeTucsonLake HavasuChandlerMesaSurprisePineQueen CreekMaricopaCave CreekGlendaleSan Tan ValleyGoodyearFountain HillsParadise ValleyBellemontLitchfield ParkSun City WestSun LakesShow LowMunds ParkCasa GrandePaysonPinetop LakesideGold CanyonSierra Vista,  and Bullhead City, Arizona or view all of our vacation rental market reports

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