Scottsdale, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Scottsdale, Arizona rental market.
Scottsdale, Arizona
Average Apartment Rent
$2,057
Y-o-Y Change in Average
Apartment Rent
-0.8%
As of November 2024
Compared to a year ago, Scottsdale, Arizona apartments have recorded a -0.8% rent decrease.
Scottsdale, Arizona Average apartment rent trend
Scottsdale, Arizona Average Apartment Rent
Scottsdale, Arizona Apartment rent ranges
At 47.07%, apartments priced $1,500 - $2,000 represent the bulk of Scottsdale, Arizona rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 13.53%.
Scottsdale, Arizona Housing tenure**
Renters take up 33% of Scottsdale, Arizona real estate, occupying a total of 38,252 units, while homeowners live in 77,574 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$77,391
Average household size of renter-occupied housing units**
1.82
Rental vacancy rate**
5.6%
Scottsdale, Arizona Renter-occupied housing units by no. of bedrooms**
There are 16,719 rentals in Scottsdale, Arizona with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 307 units. Overall, the median number of rooms in Scottsdale, Arizona homes for rent is 3.9.
Scottsdale, Arizona Renter-occupied units by age of householder**
Most condos for rent in Scottsdale, Arizona are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Scottsdale, Arizona Renter-occupied housing units by family type**
Scottsdale, Arizona Renter-occupied housing units by the presence of own children**
A total of 13,024 apartments for rent in Scottsdale, Arizona, or 34% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 5,459 units. All in all, the median size of a renter-occupied household in Scottsdale, Arizona is 1.82.
Scottsdale, Arizona Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 57% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Scottsdale, Arizona.
Scottsdale, Arizona Renter-occupied units by year structure built**
The highest share of Scottsdale, Arizona apartment rentals, namely 24% or 9,064 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (21%, 7,955 units), and the ones Built 2000 - 2009 (14%, 5,423 units).
Scottsdale, Arizona Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Scottsdale, Arizona renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Scottsdale, Arizona condos for rent is 2018.
Scottsdale, Arizona Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Scottsdale, Arizona renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 7% have No vehicle available.
Scottsdale, Arizona Means of transportation to work of householders living in renter-occupied housing units**
Scottsdale, Arizona Geographical mobility in the past year for householders living in renter-occupied housing units**
Scottsdale, Arizona Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Scottsdale, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
