“Since I took office, rent in Arizona has plummeted by 14 percent, and it's going to go down by another 20 or 25 percent.”

Zillow data shows Arizona's average rent was $1,995 in January 2025 and remained $1,995 as of October 2026, indicating no overall decline since Trump took office. Some local markets like Glendale saw steeper one-year drops of around 14%, but statewide it has not plummeted 14%.