Scottsdale, AZ Rental Market Trends

Highlights

The average rent for an apartment in Scottsdale is $1,359, a 4% increase compared to the previous year, when the average rent was $1,305.

Studio apartments in Scottsdale rent for $959 a month, while 1-bedroom apartments ask on average $1,197 a month; the average rent for a 2-bedroom apartment is $1,466.

Average Rent in Scottsdale, AZ

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,359 $959 $1,197 $1,466 $1,775
Y-o-Y Change 4% 7% 4% 5% n/a
Average Apartment Size 943 sq. ft. 512 sq. ft. 758 sq. ft. 1,064 sq. ft. 1,295 sq. ft.

The average size for a Scottsdale apartment is 943 square feet, but this number varies greatly depending on apartment type. A studio averages 512 sq. ft., while a one-bedroom apartment offers a more generous square footage: 758. 2-bedroom apartments in Scottsdale have an average size of 1,064 sq. ft.

Scottsdale, AZ Apartment Rent Ranges

  • $701-$1,00075%
  • $1,001-$1,50023%
  • $1,501-$2,0002%

Scottsdale, AZ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $1,359 $959 $1,197 $1,466 $1,775
Jan / 2018 $1,362 $959 $1,197 $1,471 $1,778
Sept / 2017 $1,322 $979 $1,158 $1,417 $1,795
May / 2017 $1,305 $892 $1,147 $1,397 $1,772
Jan / 2017 $1,288 $920 $1,135 $1,382 $1,710
Sept / 2016 $1,262 $869 $1,113 $1,354 $1,662
May / 2016 $1,245 $845 $1,106 $1,320 $1,701
Jan / 2016 $1,244 $814 $1,095 $1,337 $1,647
Sept / 2015 $1,227 $822 $1,074 $1,319 $1,642
May / 2015 $1,182 $777 $1,043 $1,271 $1,545
/

Average Rent in Scottsdale, AZ By Neighborhood

Arcadia
$1,406
Monterey
$1,399
Indian Bend
$1,361
West Cactus
$1,358
McDowell Mountain Ranch
$1,329
McCormick Ranch
$1,315
Horizons
$1,291
Via Linda Corridor
$1,263
Cactus Corridor
$1,248

The most affordable neighborhoods in Scottsdale are Cactus Corridor, where the average rent goes for $1,248/month, Via Linda Corridor, where renters pay $1,263/mo on average, and Horizons, where the average rent goes for $1,291/mo. If you’re looking for other great deals, check out the listings from McCormick Ranch ($1,315), McDowell Mountain Ranch ($1,329), and West Cactus ($1,358), where the asking prices are below the average Scottsdale rent of $1,359/mo.

The most expensive neighborhoods in Scottsdale are Indian Bend ($1,361), Monterey ($1,399) and Arcadia ($1,406).

Scottsdale | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Arcadia is 13% higher than in Cactus Corridor

$1,406

Arcadia rent is 3% higher than Scottsdale average

All rentals $1,406
Studio $922
1 Bed $1,219
2 Beds $1,616
3 Beds $2,045
$1,248

Cactus Corridor rent is 8% lower than Scottsdale average

All rentals $1,248
Studio $1,119
1 Bed $1,104
2 Beds $1,337
3 Beds $1,624

How Does Scottsdale Compare to Nearby Cities

Average Rent Y-o-Y Change
Phoenix $956 3%
Glendale $866 2%
Tempe $1,258 3%
Mesa $912 1%
Surprise $1,114 6%
Buckeye $1,102 -2%
Chandler $1,162 4%
Avondale $1,011 0%
Scottsdale $1,359 4%
Gilbert $1,149 4%
Peoria $1,062 6%

For more information about the Scottsdale rental trends, check out our monthly rent report

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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 Scottsdale apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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