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Rental Market Trends in Cave Creek, AZ

Updated August 2026

The average rent in Cave Creek, AZ is $1,501/month.

Rent in Cave Creek is roughly equal to the national average rent of of $1,664/month.

$1,501/month

Average Rent

756 Sq Ft

Average Size

-0.6%

Change / Year

83

Available Apartments

Cave Creek rent varies by unit size and layout:

  • Studio apartments in Cave Creek average per month.
  • One-bedroom apartments in Cave Creek average $1,501 per month.
  • Two-bedroom apartments in Cave Creek average $1,628 per month.
  • Three-bedroom apartments in Cave Creek average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,501/month
756 Sq Ft
Two Bedroom
$1,628/month
897 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,815/month
1,792 Sq Ft
Three Bedroom
$5,706/month
2,413 Sq Ft
Four Bedroom
$7,388/month
3,193 Sq Ft
View Cave Creek Apartments

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

In the past year, rent has decreased by 0.6%, which averages out to $8 less per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Cave Creek, AZ

August 2026
$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

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

Because the average rent in Cave Creek is $1,501, you’ll want to make about $5,003 per month or $60,036 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

83 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.

View the Cave Creek Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Carefree

    Carefree

    Avg Rent: $1,445/month

  • Anthem

    Anthem

    Avg Rent: $1,474/month

  • Scottsdale

    Scottsdale

    Avg Rent: $1,835/month

  • Phoenix

    Phoenix

    Avg Rent: $1,303/month

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 | $1,477 - $2,689

Village Apartments

Village Apartments

6434 E Cave Creek,
Cave Creek, AZ 85331

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

7402 Hum Rd

7402 Hum Rd

7402 Hum Rd,
Carefree, AZ 85377

2 Beds | $2,800

30033 N 48th St

30033 N 48th St

30033 N 48th St,
Cave Creek, AZ 85331

3 Beds | $7,983

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Frequently Asked Questions

What is the average rent in Cave Creek?

The average rent in Cave Creek is $1,501 per month, which is 9.8% lower than the national average of $1,664.

What is the average rent for a house in Cave Creek?

The average rent for a house in Cave Creek, AZ is $5,706 per month.

Are rents going up or down in Cave Creek?

Rents in Cave Creek, AZ are decreasing, with prices down 0.6% year-over-year and $8 less per month.

What rent range is most common in Cave Creek?

In Cave Creek, AZ, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity