Rental market snapshot for Paradise Valley, Scottsdale
Paradise Valley rental market summary
Paradise Valley, Arizona is seeing a steady increase in rental activity. In July of 2023, there were 257 new listings, a 7.4% increase from the previous month. This is a sign that the rental market is becoming increasingly competitive. The median rent in July 2023 was $2,745, a 1.8% increase from the same time last year. This indicates that rental prices are slowly increasing, but not at a rate that is too drastic.
Overall, the rental market in Paradise Valley, Arizona is stable and growing. With more new listings coming in each month, renters have more options to choose from. Prices are increasing, but not at a rate that is too drastic. This makes Paradise Valley an attractive option for renters looking for a place to call home.
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 |
---|---|---|
11047 N 52nd St | $10,500 | 5 / 4.0 |
12640 N 70th St | $7,000 | 4 / 2.0 |
6647 E Dreyfus Ave | $7,000 | 4 / 2.0 |
5438 E Nisbet Rd | $6,800 | 4 / 2.0 |
5849 E Betty Elyse Ln | $6,750 | 5 / 3.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Sunroad Asset Management inc | $1,909 |
Weidner Property Management | $1,550 |
Weidner Apartment Homes | $1,470 |
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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 growth. In July 2023, there were 3 new studio listings, which is a 12.4% increase from the previous month. The median rent for studios in July 2023 was $2,312, which is a decrease of 12.4% from the median rent in June 2023 of $2,639. This suggests that the rental market for studios in Paradise Valley is becoming more competitive, with more options available for renters.
The rental market for 1-bedroom apartments in Paradise Valley, Arizona is showing signs of growth. In July 2023, there were 7 new 1-bedroom listings, representing an increase in the available rental options. The median rent for 1-bedroom apartments in July 2023 was $1,550, a 5.8% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.
The rental market for 2-bedroom apartments in Paradise Valley, Arizona is relatively stable. In July 2023, there were 16 new 2-bedroom listings, and the median rent for 2-bedroom apartments only increased by .1% from June 2023 to July 2023, from $1,690 to $1,692. This indicates that the rental market is not experiencing any significant changes in pricing or availability.