Arizona, known for its diverse landscapes and sunny weather, offers excellent opportunities for mid-term rental investors. From vibrant cities to scenic desert destinations, these markets provide strong investment potential. Stretching from the majestic Grand Canyon to the serene deserts of Tucson, and from the bustling streets of Phoenix to the red rocks of Sedona, Arizona encapsulates an array of experiences that cater to adventurers, culture enthusiasts, and leisure seekers alike. This diverse appeal makes the state a year-round destination for travelers, thus presenting lucrative opportunities for those looking to invest in the mid-term rental market.
This guide aims to illuminate the top markets within Arizona for mid-term rentals, evaluating factors such as rental performance metrics, regulatory environments, and tourist attractions. By shedding light on these key areas, we provide investors with the insights needed to navigate Arizona’s mid-term rental landscape successfully. Whether it’s leveraging Phoenix’s urban appeal, tapping into Sedona’s spiritual and scenic allure, or exploring the historic charm of Tucson, Arizona offers a canvas for investors to create profitable Airbnb ventures.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.

1. Tucson, Arizona
Tucson, AZ, known for its rich cultural heritage and vibrant arts scene, is also home to the University of Arizona.
Tucson has seen a notable increase in home values by 3.10%, with the average price now at $327,123. The market thrives with a median annual revenue of $20,900 and a monthly rate of $1,900. With 1,532 full-time listings and a property tax rate of 0.90%, the gross yield here is 6.39%.
Discover more about investing in Tucson through Chalet Intel.
2. Phoenix, Arizona
Phoenix, AZ, the capital city, offers a mix of urban attractions and outdoor activities, including hiking in the nearby mountains.
Phoenix has experienced a rise in home values by 3.50%, with the average price now at $422,001. The market is promising with a median annual revenue of $25,300 and a monthly rate of $2,300. With 4,490 full-time listings and a property tax rate of 0.57%, the gross yield stands at 6.00%.
For more comprehensive insights into Phoenix as a rental market, explore Chalet Intel.