Rental market snapshot for Paradise Valley, Phoenix
Paradise Valley rental market summary
Paradise Valley, Arizona is experiencing a steady rental market. In July of 2023, there were 3,673 new listings, which is a slight increase from the previous month. The median rent for the area in July 2023 was $2,260, a slight decrease from the previous month of $2,275. However, when compared to the same month in 2022, the median rent has increased by 2.7%, showing that the rental market is still growing.
Overall, the rental market in Paradise Valley, Arizona is stable and growing. With an increase in new listings and a steady increase in median rent, the area is a great place to find a rental property. With the current market conditions, renters can expect to find a great deal on a rental property in the area.
Median rent for all residential properties in Paradise Valley
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The most expensive listings and top trending buildings in Paradise Valley
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4355 E Kings Ave | $8,999 | 4 / 3.0 |
| 17602 N 42nd Pl | $6,195 | 5 / 3.0 |
| 14630 N 44th St | $6,000 | 4 / 2.0 |
| 16030 N 43rd St | $5,900 | 4 / 2.0 |
| 4525 E Paradise Ln | $5,500 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| HomeSmart Patricia Corbin https://www.realtor.com/realestateandhomes-detail/4303-E-Cactus-Rd-Apt-116_Phoenix_AZ_85032_M29234-62122?s=ARMLSAZ&m=6354936&c=rent&f=listhub | $3,000 |
| HomeSmart Patricia Corbin https://www.realtor.com/realestateandhomes-detail/12222-N-Paradise-Village-Pkwy-S-Apt-215_Phoenix_AZ_85032_M15210-19701?s=ARMLSAZ&m=6506183&c=rent&f=listhub | $2,500 |
| Greystar Real Estate Partners LLC | $1,747 |
| P.B. Bell | $1,650 |
| NALS Apartment Homes | $1,613 |
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Bedroom Breakdown in Paradise Valley
Paradise Valley neighborhood apartments rents
The rental market for studios in Paradise Valley, Arizona is showing signs of improvement. In July 2023, there were 10 new studio listings, which is a positive sign for the market. The median rent for studios in July 2023 was $1,219, which is 7.3% lower than the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants. Overall, the rental market for studios in Paradise Valley, Arizona is looking positive and is likely to continue to improve in the coming months.
The rental market for 1-bedroom apartments in Paradise Valley, Arizona is showing signs of growth. In July 2023, there were 62 new 1-bedroom listings, a 2.6% increase in median rent from June 2023 to July 2023, and a median rent of $1,402. This indicates that the rental market is becoming more competitive, with more people looking for 1-bedroom apartments in the area. With the increasing demand, it is likely that the rental market will continue to grow in the coming months.
The rental market for 2-bedroom apartments in Paradise Valley, Arizona is showing signs of stability. In July 2023, there were 73 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $1,650, only a 1.3% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.