These ZIP codes have the Valley's most expensive apartment rents

Posted at 7:54 AM, Oct 08, 2019
and last updated 2019-10-08 10:54:14-04

It may not be surprising that apartment rents in Scottsdale are higher on average than other parts of the Valley, but Phoenix is starting to give its posh neighbor a run for its money, according to research conducted by RentCafe.

The study looked at ZIP codes in more than 130 markets in the U.S. and examined rents at about 15 million apartment units in properties that had more than 50 rental units.

Average rent price data for July was provided by Yardi Matrix, an apartment market intelligence source and RentCafe's sister company.

The national average apartment rent increased by 3.3% to $1,472 in August compared with the same month a year ago, according to RentCafe.

Read more from the Phoenix Business Journal.