712 Luxury Apartments for rent in Scottsdale, AZ

Last updated May 26 at 9:56am UTC
20802 North Grayhawk Drive 1101
Greyhawk
Scottsdale, AZ
Updated May 26 at 9:55am UTC
2 Bedrooms
$2,750
7011 E Thunderbird Rd
Scottsdale
Scottsdale, AZ
Updated May 26 at 9:55am UTC
4 Bedrooms
$2,700
7127 E Rancho Vista Dr Unit 3009
Downtown Scottsdale
Scottsdale, AZ
Updated May 26 at 9:53am UTC
2 Bedrooms
$2,600
9350 E Southwind Ln
Troon North
Scottsdale, AZ
Updated May 26 at 9:52am UTC
3 Bedrooms
$2,500
20750 N. 87th St.
Greyhawk
Scottsdale, AZ
Updated May 26 at 9:51am UTC
3 Bedrooms
$3,173
4909 N Woodmere Fwy B3001 Sage Condominiums
Scottsdale
Scottsdale, AZ
Updated May 26 at 9:50am UTC
2 Bedrooms
$2,695
3031 N Civic Center Blvd #267
Scottsdale
Scottsdale, AZ
Updated May 26 at 9:49am UTC
2 Bedrooms
$2,660
9450 N 95TH Street
Scottsdale
Scottsdale, AZ
Updated May 26 at 8:47am UTC
2 Bedrooms
$2,550
11375 E SAHUARO Drive
Scottsdale
Scottsdale, AZ
Updated May 26 at 8:46am UTC
1 Bedroom
$6,500
14000 N 94TH Street
Scottsdale
Scottsdale, AZ
Updated May 26 at 8:46am UTC
2 Bedrooms
$2,500
7601 E Indian Bend Rd #1062
Scottsdale
Scottsdale, AZ
Updated May 26 at 9:56am UTC
2 Bedrooms
$2,600
8180 E Shea Boulevard #1082
Scottsdale
Scottsdale, AZ
Updated May 26 at 9:52am UTC
3 Bedrooms
$4,000
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May 2018 Scottsdale Rent Report

Welcome to the May 2018 Scottsdale Rent Report. Scottsdale rents remained steady over the past month. In this report, we'll evaluate trends in the Scottsdale rental market, including comparisons to cities throughout the metro, state, and nation.

View full Scottsdale Rent Report
Rent Report
Scottsdale

May 2018 Scottsdale Rent Report

Welcome to the May 2018 Scottsdale Rent Report. Scottsdale rents remained steady over the past month. In this report, we'll evaluate trends in the Scottsdale rental market, including comparisons to cities throughout the metro, state, and nation.

Scottsdale rents held steady over the past month

Scottsdale rents have remained flat over the past month, however, they are up moderately by 2.5% year-over-year. Currently, median rents in Scottsdale stand at $1,030 for a one-bedroom apartment and $1,280 for a two-bedroom. Scottsdale's year-over-year rent growth is on par with the state average of 2.5%, but exceeds the national average of 1.5%.

Rents rising across the Phoenix Metro

Throughout the past year, rent increases have been occurring not just in the city of Scottsdale, but across the entire metro. Of the largest 10 cities that we have data for in the Phoenix metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Gilbert has the most expensive rents in the Phoenix metro, with a two-bedroom median of $1,410; the city has also seen rent growth of 1.1% over the past month, the fastest in the metro.
  • Over the past month, Surprise is the only city in the metro that has seen rents fall, with a decline of 0.1%. Median two-bedrooms there cost $1,350, while one-bedrooms go for $1,080.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,030; rents were up 2.3% over the past year but remained flat month-over-month.

Scottsdale rents more affordable than many large cities nationwide

As rents have increased moderately in Scottsdale, a few large cities nationwide have also seen rents grow modestly. Scottsdale is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Arizona as a whole logging rent growth of 2.5% over the past year. For example, rents have grown by 2.0% in Tucson.
  • Scottsdale's median two-bedroom rent of $1,280 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.5% rise in Scottsdale.
  • While Scottsdale's rents rose moderately over the past year, many cities nationwide also saw increases, including Las Vegas (+4.6%), Los Angeles (+2.1%), and Albuquerque (+1.8%).
  • Renters will find more reasonable prices in Scottsdale than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than twice the price in Scottsdale.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Phoenix $830 $1,030 0.3% 2.3%
Mesa $850 $1,060 0.4% 3.7%
Chandler $1,060 $1,320 0.6% 4.2%
Glendale $890 $1,110 0.4% 2.7%
Scottsdale $1,030 $1,280 0.0% 2.5%
Gilbert $1,130 $1,410 1.1% 3.9%
Tempe $910 $1,140 0.4% 3.1%
Peoria $1,100 $1,370 0.5% 4.6%
Surprise $1,080 $1,350 -0.1% 0.6%
Avondale $980 $1,220 0.5% 1.7%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.