By AZ Central
Housing experts say renters will find Scottsdale an increasingly difficult place to afford unless more apartments are built.
The affluent community northeast of Phoenix hit the No. 10 spot on a list of the country’s most expensive cities for renters in October, when the median rent for a one-bedroom apartment reached $1,890 per month, according to apartment firm Zumper.
Scottsdale, like the larger Phoenix metro area, is experiencing a housing shortage that is rooted in the response to the housing market collapse in 2008, according to Mark Stapp, executive director of the Master of Real Estate Development program at Arizona State University’s W.P. Carey School of Business.