Cave Creek, AZ Rental Market Trends
Highlights
The average rent for an apartment in Cave Creek is $1,371, a 4% increase compared to the previous year, when the average rent was $1,313.
Average Rent in Cave Creek, AZ
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,371 | 4% | 875 sq. ft. |
The average size for a Cave Creek, AZ apartment is 875 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Cave Creek, AZ Apartment Rent Ranges
- $1,001-$1,50085%
- $1,501-$2,00015%
Cave Creek, AZ Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
860 or 34% of the households in Cave Creek, AZ are renter-occupied while 1,598 or 65% are owner-occupied.
Cave Creek, AZ Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cave Creek, AZ | $1,232 | $1,227 | $1,202 | $1,248 | $1,286 | $1,313 | $1,313 | $1,332 | $1,353 | $1,371 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Cave Creek Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,085 | 8% |
| Mesa | $1,058 | 9% |
| Glendale | $993 | 6% |
| Tempe | $1,382 | 6% |
| Scottsdale | $1,494 | 5% |
| Chandler | $1,332 | 7% |
| Surprise | $1,244 | 12% |
| Avondale | $1,162 | 15% |
| Peoria | $1,190 | 6% |
| Buckeye | $961 | -13% |
| Cave Creek | $1,371 | 4% |
For more information about the Cave Creek rental trends, check out our monthly rent report
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cave Creek apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.