“The market for my unit was showing closer to $1,000 a night, but my intention is to give someone a good price that wouldn’t ordinarily be here. “I’m always under market because greed is bad and I just want to rent it out,” said Adams. While he could charge a higher price based on the current market, he would rather be realistic and settle for a rent that’s profitable but fair. Larry Adams, who owns a two bedroom rental in Old Town Scottsdale, noted that with the high demand for a place to stay, interested parties have been booking since shortly after last year’s Super Bowl.Īdams originally had his place booked last March but recently put it back on the market after a late cancellation. Not every renter is finding takers for those big rents, though. Listings have jumped on average by about four times an average February weekend. With prices averaging about $1,000 a night for homes close to the stadium or in other prime locations, some short-term rental owners are looking to boost their profit by taking advantage of the high demand generated by the Super Bowl and WM Phoenix Open on the same weekend. And an Old Town one-bedroom apartment was listed for just $227 a night. A four-bedroom home just 1.5 miles from the stadium was listed for $499 a night. A downtown “penthouse” was listed for $480 a night. However, there were bargains to be had, too. And downtown Phoenix spaces were listed on Airbnb for as much as $4,500 a night. There are examples of exorbitant prices for short-term rentals at all of the prime locations around the Valley.įor instance, a three-night Friday-to-Sunday stay at a five-bedroom “Cardinals Stadium House” a mile from State Farm Stadium was listed Monday on Airbnb for $9,950 a night.Ī “marvelous one-bedroom” with space for four guests was listed for $7,000 near Old Town Scottsdale.
“There’s people in a general price range that you base your own property on, but then there’s also people around me charging almost two grand a day, which is just ridiculous.” “You look around and see what other people are charging,” Esposito said. With out of towners pouring into the Valley for the big game, just about any location is going to come with a hefty price tag.Īccording to rental owner Marie Esposito, most of the prices on rental websites such as Airbnb or Vrbo are based on owners balancing their prices against what they see from similar properties listed online. Or the ideal spot is in a high rise near downtown Phoenix, splitting the difference between the football stadium and Scottsdale, a short walk to the NFL’s Super Bowl Experience at the Phoenix Convention Center? How about something cozy near Old Town Scottsdale, party central for the big game and a short drive to the Waste Management Phoenix Open golf tournament? GLENDALE – Looking for a three-night stay near State Farm Stadium, walking distance to the Super Bowl? Looking to rent a house during Super Bowl week? This Paradise Valley property, which can house 16 guests, is available for $7,000 a night.
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