Average Rent in Downtown Scottsdale, Scottsdale, AZ

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Current Versus Historical Downtown Scottsdale, Scottsdale, AZ Rents

Downtown Scottsdale rentals average $2,850 for a 1-bedroom rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $4,100, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $359 (12.73%) year-over-year from $2,817 to $3,176. 1-bedroom rentals prices have increased by $568 (27.28%) year-over-year from $2,082 to $2,650. 2-bedroom rentals prices have increased by $345 (9.74%) year-over-year from $3,545 to $3,890. 3-bedroom rentals prices have increased by $491 (9.07%) year-over-year from $5,408 to $5,899. 4-bedroom rentals prices have decreased by $158 (-2.57%) year-over-year from $6,158 to $6,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 13.15% this month. 2-bedroom rents have gone up by 16.54% this month. 3-bedroom rents have gone up by 28.46% this month. 4-bedroom rents have gone down by 0.55% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.04	$2,650	$2,082 (27.28%)	$1,627 (62.86%)
2 BR	$3.33	$3,890	$3,545 (9.74%)	$3,201 (21.51%)
3 BR	$2.96	$5,899	$5,408 (9.07%)	$5,254 (12.28%)
4+ BR	$2.57	$6,000	$6,158 (-2.57%)	$13,900 (-56.83%)

Historical Rents in Downtown Scottsdale, Scottsdale, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Scottsdale

There are a total of 7 cities nearby Downtown Scottsdale. The average rent in Downtown Scottsdale is currently $2,750 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Mesa, AZ, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near Downtown Scottsdale, Scottsdale, AZ is Scottsdale, AZ. Monthly rents here are on average $4,300 per month.

Let's compare Downtown Scottsdale, Scottsdale, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Scottsdale, Scottsdale, AZ is inf% more affordable than other cities nearby. One bedrooms are about 45.61% more expensive. Two bedrooms in Downtown Scottsdale, Scottsdale, AZ are about 50.00% more expensive. Finally, rent for three bedrooms are about 52.17% more expensive. Want more information? Check out the top 7 cities near Downtown Scottsdale, Scottsdale, AZ in the following chart.

City	Studio	1 Bed	2 Bed	All
Mesa, AZ	$3,990	$1,299	$1,650	$2,400
Phoenix, AZ	$1,912	$1,550	$2,150	$2,738
Gilbert, AZ	N/A	N/A	$2,350	$2,750
Fountain Hills, AZ	$1,675	$2,750	$2,725	$2,750
Chandler, AZ	$800	$1,650	$1,900	$2,795
Tempe, AZ	$2,218	$1,290	$1,700	$2,950
Scottsdale, AZ	$2,400	$2,150	$3,425	$4,300

Top Neighborhoods Near Downtown Scottsdale

There are a total of 2 neighborhoods in or near Downtown Scottsdale. We've included all of these top 2 neighborhoods in or near Downtown Scottsdale, Scottsdale, AZ in the following chart.

The average rent for these 2 neighborhoods in or near Downtown Scottsdale, Scottsdale, AZ is currently around $4,750 per month. Meaning, only two neighborhoods have a higher average rent than $4,750. Interestingly, the neighborhoods' average rent is higher than Downtown Scottsdale's average rent, which is only $4,100. Out of all the neighborhoods in or near Downtown Scottsdale, McCormick Ranch has the most affordable average rent at $4,500 per month. Whereas, at $5,000 average rent per month, Greyhawk is the most expensive neighborhood in or near Downtown Scottsdale. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
McCormick Ranch, Scottsdale, AZ	$2,000	$2,350	$4,500	$4,500
Greyhawk, Scottsdale, AZ	N/A	$1,850	$4,550	$5,000

Top Counties Near Downtown Scottsdale

There are a total of 2 counties located by Downtown Scottsdale, Scottsdale, AZ.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Downtown Scottsdale

There are a total of 13 zipcodes in or near Downtown Scottsdale, Scottsdale, AZ. The average rent for all of these zipcodes is $3,800. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85032, Phoenix, AZ at $2,350 per month. In comparison, the zipcode with the most expensive average rent of $10,750 per month is 85253, Paradise Valley, AZ.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Scottsdale, Scottsdale, AZ is $1,850 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Downtown Scottsdale, Scottsdale, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85251, Scottsdale, AZ	N/A	$2,250	$2,900	$3,200
85250, Scottsdale, AZ	N/A	$1,790	$2,800	$3,300
85253, Paradise Valley, AZ	N/A	$2,700	$4,000	$10,750
85018, Phoenix, AZ	N/A	$1,995	$2,400	$3,800
85258, Maricopa County, AZ	$2,000	$2,550	$3,500	$4,288
85260, Scottsdale, AZ	N/A	$1,600	$3,000	$3,600
85254, Phoenix, AZ	N/A	$2,500	$2,775	$4,300
85032, Phoenix, AZ	N/A	$1,750	$1,873	$2,350
85268, Fountain Hills, AZ	$1,675	$2,750	$2,725	$2,750
85255, Scottsdale, AZ	$2,454	$1,850	$4,500	$5,500

Frequently Asked Questions - Downtown Scottsdale Average Rents

What is the average rent price in Downtown Scottsdale, Scottsdale, AZ?

The average monthly rental price for Downtown Scottsdale, Scottsdale, AZ apartments for rent is approximately $4,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Scottsdale, Scottsdale, AZ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Scottsdale, Scottsdale, AZ.

How much is a studio apartment in Downtown Scottsdale, Scottsdale, AZ?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Downtown Scottsdale.

How much is a one bedroom apartment in Downtown Scottsdale, Scottsdale, AZ?

The average monthly rental price for one bedroom apartments is $2,850 and an average price per square feet of $3.04. There are a total of 14 one bedroom apartment listings currently available for rent in Downtown Scottsdale.

How much is a two bedroom apartment in Downtown Scottsdale, Scottsdale, AZ?

The average monthly rental price for two bedroom apartments is $4,300 and an average price per square feet of $3.33. There are a total of 37 two bedroom apartment listings currently available for rent in Downtown Scottsdale.

How have rent prices in Downtown Scottsdale, Scottsdale, AZ changed this year?

Rent prices for rentals in Downtown Scottsdale, Scottsdale, AZ can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by 0.27%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.09% year-over-year.

What is a reasonable rent price in Downtown Scottsdale, Scottsdale, AZ?

A reasonable rent price in Downtown Scottsdale, Scottsdale, AZ is around $3,280/month. You can search for these reasonably priced rental listings on RentHop.