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Rental Market Trends in Cave Creek, AZ

What is the average rent in Cave Creek, AZ?

$1,577/month

Average Rent

756 Sq Ft

Average Apartment Size

-7.6%

Decrease in the Last Year

As of June 2025, the average rent in Cave Creek, AZ is $1,577 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Cave Creek rent prices are 3% lower than the national average. When you rent an apartment in Cave Creek, you can expect to pay about per month for a studio, $1,577 for a one-bedroom apartment, and around $1,775 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,577/month
756 Sq Ft
Two Bedroom
$1,775/month
897 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$4,895/month
1,832 Sq Ft
Three Bedroom
$5,855/month
2,375 Sq Ft
Four Bedroom
$6,885/month
3,270 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Cave Creek, AZ?

In the past year, rent has decreased by 7.6%, which averages out to $119 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Cave Creek, AZ
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Cave Creek, AZ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
50% $1,001 - $1,500/month
50% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Cave Creek?

Based on current rent prices, Tatum Ranch is the most affordable neighborhood in Cave Creek.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Tatum Ranch
$1,905/month
802 Sq Ft

What are the most expensive neighborhoods in Cave Creek?

Based on current rent prices, Tatum Ranch is the most expensive neighborhood in Cave Creek.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Tatum Ranch
$1,905/month
802 Sq Ft

Which Cave Creek neighborhoods have the most rentals available?

The neighborhood in Cave Creek with the most apartments available is Tatum Ranch .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Tatum Ranch
$1,905/month
802 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cave Creek, AZ?

Because the average rent in Cave Creek is $1,577, you’ll want to make about $5,256 per month or $63,072 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Cave Creek, AZ

116 Available Apartments for Rent

Search for Nearby Apartments

How does Cave Creek, AZ compare to other nearby cities and neighborhoods?

Use the tool below to compare Cave Creek, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Cave Creek, AZ

Apartment Averages

Tatum Ranch

Cave Creek, AZ

Tatum Ranch

Cave Creek, AZ

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

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Apartment communities in Cave Creek we think you'll love

Azure Creek at Tatum Ranch

Azure Creek at Tatum Ranch

29862 N Tatum Blvd,
Cave Creek, AZ 85331

1-2 Beds | $1,495 - $2,958

Village Apartments

Village Apartments

6434 E Cave Creek,
Cave Creek, AZ 85331

1-2 Beds | $1,199 - $1,299

Alta Vista

Alta Vista

7234 E Cave Creek Rd,
Carefree, AZ 85377

Studio - 2 Beds | $1,180 - $1,717

5418 E Yolantha St

5418 E Yolantha St

5418 E Yolantha St,
Cave Creek, AZ 85331

3 Beds | $3,000

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United States Arizona Cave Creek Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity