Average Rent in 85253, Paradise Valley, AZ

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Current Versus Historical 85253, Paradise Valley, AZ Rents

85253 rentals average $6,500 for a 1-bedroom rental to $19,999 for a 4-bedroom rental. The median price of all currently available listings is $14,495, or roughly $43 per square feet.

For the apartment units and housing in August 2026, median rents have risen substantially 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 $4,681 (257.42%) year-over-year from $1,819 to $6,500. 2-bedroom rentals prices have decreased by $1,692 (-38.09%) year-over-year from $4,442 to $2,750. 3-bedroom rentals prices have increased by $9,117 (316.18%) year-over-year from $2,883 to $12,000. 4-bedroom rentals prices have decreased by $734 (-3.54%) year-over-year from $20,733 to $19,999. 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 34.48% this month. 2-bedroom rents have gone down by 25.00% this month. 3-bedroom rents have gone down by 3.68% this month. 4-bedroom rents have gone up by 5.26% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$50.87	$6,500	$1,819 (257.42%)	$3,052 (112.95%)
2 BR	$23.48	$2,750	$4,442 (-38.09%)	$4,462 (-38.37%)
3 BR	$44.79	$12,000	$2,883 (316.18%)	$6,125 (95.92%)
4+ BR	$43.64	$19,999	$20,733 (-3.54%)	$13,424 (48.98%)

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 $2,088 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,088, 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 $2,088 per month.

Let's compare 85253, Paradise Valley, AZ's rent against other top cities nearby by bedroom size. One bedrooms are about 80.00% more expensive. Two bedrooms in 85253, Paradise Valley, AZ are about 38.18% more expensive. Finally, rent for three bedrooms are about 78.09% more expensive. Want more information? Check out the top 1 cities near 85253, Paradise Valley, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Phoenix, AZ	$823	$1,300	$1,700	$2,088

Top Neighborhoods Near 85253

There are a total of 5 neighborhoods in or near 85253. Some of these neighborhoods include Downtown Phoenix, Downtown Scottsdale, and Scottsdale Ranch. We've included all of these top 5 neighborhoods in or near 85253, Paradise Valley, AZ in the following table.

The average rent for these 5 neighborhoods in or near 85253, Paradise Valley, AZ is currently around $3,793 per month. A total of 5 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than 85253's average rent, which is actually $14,495. Out of all the neighborhoods in or near 85253, Downtown Phoenix has the most affordable average rent at $2,095 per month. Whereas, at $4,490 average rent per month, McCormick Ranch is the most expensive neighborhood in or near 85253. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Phoenix, Phoenix, AZ	$1,099	$1,914	$2,695	$2,095
Downtown Scottsdale, Scottsdale, AZ	$1,295	$2,750	$3,250	$3,550
Scottsdale Ranch, Scottsdale, AZ	N/A	$3,300	$3,813	$3,793
Greyhawk, Scottsdale, AZ	N/A	$1,750	$3,375	$4,200
McCormick Ranch, Scottsdale, AZ	$2,025	$2,250	$3,995	$4,490

Top Counties Near 85253

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 85253

There are a total of 23 zipcodes in or near 85253, Paradise Valley, AZ. The average rent for all of these zipcodes is $2,075. A total of 23 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85008, Phoenix, AZ at $1,374 per month. In comparison, the zipcode with the most expensive average rent of $5,200 per month is 85255, Scottsdale, AZ.

Studios in these zipcodes have an average rent of $783. That's at least $24 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 85253, Paradise Valley, AZ is $1,295 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,748 per month. Which comes out to $22 per sqft. The following table includes the top 10 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
85251, Scottsdale, AZ	$999	$1,996	$2,499	$3,000
85258, Maricopa County, AZ	$2,025	$2,066	$3,948	$4,200
85018, Phoenix, AZ	$649	$1,540	$2,000	$2,695
85254, Phoenix, AZ	$1,556	$1,800	$3,000	$4,000
85260, Scottsdale, AZ	N/A	$1,776	$3,500	$3,750
85016, Phoenix, AZ	$862	$1,413	$1,980	$1,995
85281, Tempe, AZ	$1,654	$1,400	$1,695	$2,000
85250, Scottsdale, AZ	$1,295	$1,550	$2,485	$2,995
85255, Scottsdale, AZ	N/A	$1,870	$3,800	$5,200
85032, Phoenix, AZ	$1,200	$1,595	$1,600	$2,127

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 $14,495. 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 one bedroom apartment in 85253, Paradise Valley, AZ?

The average monthly rental price for one bedroom apartments is $6,500 and an average price per square feet of $50.87. There are a total of 2 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 $2,750 and an average price per square feet of $23.48. There are a total of 21 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 2.57%, two bedroom rental prices have changed by -0.38%, three bedroom rental prices have changed by 3.16% 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 $11,596/month. You can search for these reasonably priced rental listings on RentHop.