Paradise Valley / Shea, AZ
June 2026
85028,85032,85253
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,247 – $1,351 | -1.51% | -1.39% |
| 2-Bedroom | $1,468 – $1,623 | 3.70% | -0.23% |
| 3-Bedroom | $1,998 – $2,208 | 7.95% | -8.09% |
| 4-Bedroom | $3,133 – $3,338 | 0.94% | 3.48% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,393 – $1,435 | -0.44% | 0.70% |
| 2-Bedroom | $1,677 – $1,763 | 3.59% | 2.18% |
| 3-Bedroom | $2,259 – $2,408 | -0.72% | -3.85% |
| 4-Bedroom | $3,148 – $3,343 | 4.37% | -2.81% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,688 – $1,799 | 0.22% | -4.98% |
| 2-Bedroom | $2,103 – $2,242 | 3.07% | 3.26% |
| 3-Bedroom | $2,347 – $2,594 | 0.24% | 1.98% |
| 4-Bedroom | $2,660 – $2,951 | -2.87% | -3.05% |
In the Paradise Valley / Shea (85028, 85032, 85253) rental market, 4-bedroom apartments reached a median rent of $3,176 in April 2026, increasing 4.3% year-over-year. This is a notable exception to the overall apartment segment, where 1BR, 2BR, and 3BR units saw annual declines within Paradise Valley / Shea (85028, 85032, 85253).
While 3-bedroom single-family homes in Paradise Valley / Shea (85028, 85032, 85253) jumped 7.3% month-over-month to $2,380, 3-bedroom condo/townhomes declined 0.6% MoM to $2,099. This creates a price difference, with single-family rents leading condo/townhomes by $281 in the same bedroom category.
Rents for 2-bedroom condo/townhomes averaged $1,689, and Paradise Valley / Shea (85028, 85032, 85253) rental trends indicate a 0.9% increase year-over-year. This outperforms 2-bedroom apartments, which dropped 4.1% YoY, showing improved demand for condos compared to apartments in this segment.