Average Rent in 85253, Paradise Valley, AZ

Current Versus Historical 85253, Paradise Valley, AZ Rents

85253 rentals average $2,700 for a 1-bedroom rental to $18,375 for a 4-bedroom rental. The median price of all currently available listings is $10,950, or roughly $4 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,803 to $1,803. 1-bedroom rentals prices have increased by $81 (2.92%) year-over-year from $2,767 to $2,848. 2-bedroom rentals prices have decreased by $3,109 (-54.46%) year-over-year from $5,709 to $2,600. 3-bedroom rentals prices have increased by $3,767 (60.43%) year-over-year from $6,233 to $10,000. 4-bedroom rentals prices have decreased by $9,924 (-39.82%) year-over-year from $24,924 to $15,000. 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 10.26% this month. 2-bedroom rents have gone down by 3.08% this month. 3-bedroom rents have gone up by 41.19% this month. 4-bedroom rents have gone up by 10.44% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$4.23	$2,848	$2,767 (2.92%)	$1,575 (80.79%)
2 BR	$3.50	$2,600	$5,709 (-54.46%)	$1,926 (35.02%)
3 BR	$3.07	$10,000	$6,233 (60.43%)	$4,613 (116.80%)
4+ BR	$4.15	$15,000	$24,924 (-39.82%)	$11,500 (30.43%)

Historical Rents in 85253, Paradise Valley, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 85253

There are a total of 1 cities nearby 85253. The average rent in 85253 is currently $2,532 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,532, is the most affordable city nearby. In contrast, the most expensive city near 85253, Paradise Valley, AZ is Phoenix, AZ. Monthly rents here are on average $2,532 per month.

Let's compare 85253, Paradise Valley, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 85253, Paradise Valley, AZ is inf% more affordable than other cities nearby. One bedrooms are about 50.00% more expensive. Two bedrooms in 85253, Paradise Valley, AZ are about 43.00% more expensive. Finally, rent for three bedrooms are about 74.00% more expensive. Want more information? Check out the top 1 cities near 85253, Paradise Valley, AZ in the following chart.

City	Studio	1 Bed	2 Bed	All
Phoenix, AZ	$1,647	$1,350	$1,995	$2,532

Top Neighborhoods Near 85253

There are a total of 1 neighborhoods in or near 85253. We've included all of these top 1 neighborhoods in or near 85253, Paradise Valley, AZ in the following chart.

The average rent for these 1 neighborhoods in or near 85253, Paradise Valley, AZ is currently around $4,500 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 85253, McCormick Ranch has the most affordable average rent at $4,500 per month. Whereas, at $4,500 average rent per month, McCormick Ranch is the most expensive neighborhood in or near 85253. 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

Top Counties Near 85253

There are a total of 1 counties located by 85253, Paradise Valley, AZ.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 85253

There are a total of 7 zipcodes in or near 85253, Paradise Valley, 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 $2,450 per month. In comparison, the zipcode with the most expensive average rent of $5,000 per month is 85254, Phoenix, AZ.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 85253, Paradise Valley, AZ is $2,350 per month. Or in other words, $3 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 7 zipcodes in 85253, Paradise Valley, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85258, Maricopa County, AZ	$2,000	$2,350	$3,500	$4,200
85251, Scottsdale, AZ	N/A	$2,450	$2,588	$3,000
85260, Scottsdale, AZ	N/A	$1,600	$3,500	$3,800
85254, Phoenix, AZ	N/A	$2,925	$3,050	$5,000
85018, Phoenix, AZ	N/A	$1,600	$3,000	$3,985
85250, Scottsdale, AZ	N/A	$3,050	$2,800	$3,400
85032, Phoenix, AZ	N/A	$1,900	$1,650	$2,450

Frequently Asked Questions - 85253 Average Rents

What is the average rent price in 85253, Paradise Valley, AZ?

The average monthly rental price for 85253, Paradise Valley, AZ apartments for rent is approximately $10,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 85253, Paradise Valley, 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 85253, Paradise Valley, AZ.

How much is a studio apartment in 85253, Paradise Valley, 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 85253.

How much is a one bedroom apartment in 85253, Paradise Valley, AZ?

The average monthly rental price for one bedroom apartments is $2,700 and an average price per square feet of $4.23. There are a total of 6 one bedroom apartment listings currently available for rent in 85253.

How much is a two bedroom apartment in 85253, Paradise Valley, AZ?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $3.50. There are a total of 15 two bedroom apartment listings currently available for rent in 85253.

How have rent prices in 85253, Paradise Valley, AZ changed this year?

Rent prices for rentals in 85253, Paradise Valley, AZ can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.54%, and three bedroom rental prices have changed by 0.60% year-over-year.

What is a reasonable rent price in 85253, Paradise Valley, AZ?

A reasonable rent price in 85253, Paradise Valley, AZ is around $8,760/month. You can search for these reasonably priced rental listings on RentHop.