Average Rent in Downtown Scottsdale, Scottsdale, AZ

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Current Versus Historical Downtown Scottsdale, Scottsdale, AZ Rents

Downtown Scottsdale rentals average $3,300 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $4,450, or roughly $4 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $642 (25.34%) year-over-year from $2,534 to $3,176. 1-bedroom rentals prices have increased by $403 (17.22%) year-over-year from $2,340 to $2,743. 2-bedroom rentals prices have increased by $310 (8.89%) year-over-year from $3,483 to $3,792. 3-bedroom rentals prices have decreased by $296 (-4.94%) year-over-year from $5,984 to $5,689. 4-bedroom rentals prices have increased by $4,550 (86.67%) year-over-year from $5,250 to $9,800. 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 up by 7.01% this month. 1-bedroom rents have gone down by 5.44% this month. 2-bedroom rents have gone down by 0.44% this month. 3-bedroom rents have gone down by 20.24% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $4.11 $2,743 $2,340 (17.22%) $1,729 (58.62%)
2 BR $3.44 $3,792 $3,483 (8.89%) $2,613 (45.10%)
3 BR $2.96 $5,689 $5,984 (-4.94%) $4,329 (31.39%)

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 $2,595 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Maricopa, AZ, with an average rent of $1,965, 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 $4,500 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 60.08% more expensive. Two bedrooms in Downtown Scottsdale, Scottsdale, AZ are about 61.90% more expensive. Finally, rent for three bedrooms are about 54.83% 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
Maricopa, AZ N/A N/A $1,850 $1,965
Mesa, AZ $2,653 $1,318 $1,649 $2,250
Tempe, AZ $3,204 $1,300 $1,648 $2,550
Phoenix, AZ $1,856 $1,500 $2,000 $2,595
Chandler, AZ $775 $1,670 $2,205 $2,700
Gilbert, AZ $6,031 N/A $3,000 $2,900
Scottsdale, AZ $2,450 $2,250 $3,600 $4,500

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 $5,350 per month. Meaning, only two neighborhoods have a higher average rent than $5,350. Interestingly, the neighborhoods' average rent is higher than Downtown Scottsdale's average rent, which is only $4,450. Out of all the neighborhoods in or near Downtown Scottsdale, McCormick Ranch has the most affordable average rent at $4,700 per month. Whereas, at $6,000 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 $2,050 $2,295 $4,500 $4,700
Greyhawk, Scottsdale, AZ N/A N/A $4,880 $6,000

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 12 zipcodes in or near Downtown Scottsdale, Scottsdale, AZ. The average rent for all of these zipcodes is $4,425. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85281, Tempe, AZ at $2,050 per month. In comparison, the zipcode with the most expensive average rent of $15,000 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 $1,894 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,250 per month. Which comes out to $3 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 $2,650 $2,798 $3,225
85250, Scottsdale, AZ N/A $2,013 $2,925 $3,500
85253, Paradise Valley, AZ N/A $2,700 $5,500 $15,000
85018, Phoenix, AZ N/A $1,525 $2,875 $4,350
85258, Maricopa County, AZ $2,050 $2,250 $3,900 $4,500
85281, Tempe, AZ N/A $1,200 $1,495 $2,050
85260, Scottsdale, AZ $15,750 $1,775 $3,500 $3,965
85254, Phoenix, AZ N/A $2,825 $3,000 $4,573
85032, Phoenix, AZ N/A $2,525 $1,975 $2,525
85255, Scottsdale, AZ N/A N/A $4,500 $6,325

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 $4,450. 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 $3,300 and an average price per square feet of $4.11. There are a total of 9 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 $5,250 and an average price per square feet of $3.44. There are a total of 26 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 0.25%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by -0.05% 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 $3,560/month. You can search for these reasonably priced rental listings on RentHop.
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