Hurt in Phoenix,
You can answer your question by contacting a RealtorÂ® to list your property for rent. A RealtorÂ® will be able to advertise your rental in MLS along with over 20 other web sites, in addition to ensuring that you have a properly written lease agreement. Homes in MLS rent much faster, and for a higher amount, than homes advertised outside of MLS.
I can tell you that valley-wide, rents have fallen and continue to fall. A mistake I see quite often is a landlord listing his house for what he "thinks" it's worth, gets no bites, but leaves the house on the market for three months waiting to get his or her price. The goal of a rental is to get it rented right away, otherwise you risk crossing that threshold where you have lost more money waiting for a higher lease amount than you would have if you rented it months ago for less. Keep that in mind when you price your property for lease.
Best of luck!