Long-term Rental Rates — September 2026 · ZIPs: 85028,85032,85253
Local market data by Estaite
As of September 2026, rental prices in Paradise Valley / Shea (85028, 85032, 85253), in the Phoenix metro area, range from $1,243 to $3,291 per month depending on property type and bedroom count.
The largest year-over-year change is a 4.46% increase for 4-bedroom apartments in Paradise Valley / Shea, AZ.
For 2-bedroom units, condos/townhomes have a median rent of $1,754, compared to $1,457 for apartments.
What are the current rent levels for apartments, condos/townhomes, and single-family homes in Paradise Valley / Shea, AZ?
In September 2026, rents in Paradise Valley / Shea, AZ span from $1,243 for a 1-bedroom apartment to $3,291 for a 4-bedroom apartment.
Which property type and bedroom count commands the highest rent in Paradise Valley / Shea, AZ?
The 4-bedroom apartment segment has the highest median rent at $3,291 as of September 2026.
Are rents rising or falling across the rental segments in Paradise Valley / Shea, AZ?
In Paradise Valley / Shea, AZ for September 2026, rents are rising in segments like 4-bedroom apartments (up 4.46% YoY), while other segments are falling such as 3-bedroom condos/townhomes (down -3.63% YoY) and 2-bedroom single-family homes (down -2.93% YoY).
Which segment shows an unusually sharp recent change in Paradise Valley / Shea, AZ?
The 3-bedroom apartment segment experienced a month-over-month increase of 23.97% in September 2026, the largest change among all segments in the submarket.
Paradise Valley / Shea, AZ· Phoenix metro
September 2026
85028,85032,85253
Long-term Rental Rates
Long-term rental rates for Paradise Valley / Shea (85028,85032,85253), in the Phoenix metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,193 – $1,293
-4.30%
-1.03%
2-Bedroom
$1,398 – $1,515
-2.62%
1.14%
3-Bedroom
$2,115 – $2,291
23.97%
-2.94%
4-Bedroom
$3,169 – $3,375
0.47%
4.46%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,410 – $1,453
2.76%
1.55%
2-Bedroom
$1,671 – $1,836
2.57%
3.49%
3-Bedroom
$2,253 – $2,402
-0.15%
-3.63%
4-Bedroom
$3,138 – $3,379
0.21%
-3.05%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,847 – $1,941
5.71%
1.76%
2-Bedroom
$2,094 – $2,202
3.85%
-2.93%
3-Bedroom
$2,385 – $2,647
1.41%
3.53%
4-Bedroom
$2,750 – $3,009
0.27%
-0.84%
Data updated: October 19, 2026
Paradise Valley / Shea Rental Trends · Phoenix metro
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.