Paradise Valley / Shea, AZ
April 2026
85028,85032,85253
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,205 – $1,305 | 2.50% | -2.60% |
| 2-Bedroom | $1,431 – $1,550 | 3.93% | -4.08% |
| 3-Bedroom | $1,873 – $2,070 | -5.78% | -12.65% |
| 4-Bedroom | $3,059 – $3,294 | 0.35% | 4.30% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,338 – $1,398 | -1.44% | -4.15% |
| 2-Bedroom | $1,622 – $1,757 | 1.88% | 0.86% |
| 3-Bedroom | $2,032 – $2,166 | -0.56% | -5.21% |
| 4-Bedroom | $3,089 – $3,280 | 0.13% | -1.96% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,481 – $1,604 | -14.26% | -14.17% |
| 2-Bedroom | $1,716 – $1,859 | -15.65% | -13.45% |
| 3-Bedroom | $2,261 – $2,499 | 7.29% | 1.34% |
| 4-Bedroom | $2,805 – $3,112 | 0.89% | 3.76% |
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.