Rental market snapshot for South Scottsdale, Scottsdale
South Scottsdale rental market summary
The rental market in South Scottsdale, Arizona is showing signs of growth. In July 2023, there were 1,631 new listings, a 3.3% increase from the previous month. This is a sign that the rental market is becoming increasingly competitive. The median rent in South Scottsdale has also increased from $2,400 in July 2022 to $2,520 in July 2023, a 5.0% increase. This suggests that the rental market in South Scottsdale is becoming more expensive, as demand for rental properties increases.
Overall, the rental market in South Scottsdale is showing signs of growth. The number of new listings is increasing, and the median rent is also increasing. This suggests that the rental market in South Scottsdale is becoming more competitive and expensive. This could be a good sign for landlords, as they may be able to charge higher rents for their properties. However, it could also be a sign that the rental market is becoming increasingly unaffordable for tenants.
Median rent for all residential properties in South Scottsdale
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The most expensive listings and top trending buildings in South Scottsdale
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 7157 E Rancho Vista Dr #7012 | $15,000 | 3 / 3.0 |
| 8517 E Highland Ave | $15,000 | 5 / 4.0 |
| 8618 N Timberlane Dr | $12,500 | 4 / 3.5 |
| 6629 E Monterosa St | $10,000 | 4 / 3.0 |
| 7322 E Sierra Vista Dr | $10,000 | 2 / 4.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Daydream Apartments | $2,656 |
| My Home Group Angela Scott https://www.realtor.com/realestateandhomes-detail/7301-E-3rd-Ave-Unit-311_Scottsdale_AZ_85251_M21998-28629?s=ARMLSAZ&m=6568194&c=rent&f=listhub | $2,400 |
| IPM | $2,338 |
| My Home Group Leila A. Woodard https://www.realtor.com/realestateandhomes-detail/7300-E-Earll-Dr-Unit-4013_Scottsdale_AZ_85251_M97999-52398?s=ARMLSAZ&m=6553201&c=rent&f=listhub | $2,200 |
| Greystar | $2,100 |
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Bedroom Breakdown in South Scottsdale
South Scottsdale neighborhood apartments rents
The rental market for studios in South Scottsdale, Arizona is showing signs of growth. In July 2023, there were 21 new studio listings, representing a significant increase from the previous month. The median rent for studios in July 2023 was $1,699, a 21.4% increase from the median rent in June 2023 of $1,399. This suggests that the demand for studios in South Scottsdale is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in South Scottsdale, Arizona is showing signs of growth. In July 2023, there were 82 new 1-bedroom listings, a 6.5% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $1,757, indicating that the rental market is on the rise. With the influx of new listings and increasing rent prices, it is likely that the rental market for 1-bedroom apartments in South Scottsdale will continue to grow in the coming months.
The rental market for 2-bedroom apartments in South Scottsdale, Arizona is showing signs of stability. In July 2023, there were 113 new 2-bedroom listings, with a median rent of $2,195. This is a 4.1% decrease from the median rent of $2,290 in June 2023. This suggests that the rental market is stabilizing, with more listings and a slight decrease in rent.