487 E Rainbow Dr, Chandler, AZ 85249
Property image
Property image
OFF MARKET

$388,900

Trulia Estimate
as of Oct 10, 2026
  • 3 Beds
  • 2 Baths
  • 1,269 sqft

487 E Rainbow Dr, Chandler, AZ 85249

Home Highlights

Single-Family Home
1,269 sqft
$306/sqft
Garage

Local Information

  • Map ViewExplore the area around 487 E Rainbow Dr.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Lots of tile flooringNeutral color carpetGreat-room dining combo
Very nice home in Chandler! 3 bedrooms, 2 baths, great-room dining combo, refrigerator, lots of tile flooring in all the right places, neutral color carpet, patio, HOA maintains front landscaping & 2 car garage. Not far from downtown Chandler, restaurants, shopping & entertainment! 2 year lease may be considered. Smoking or vaping of any kind is not allowed. Security deposit will equal at least one months rent. Tenant must provide proof of renters insurance prior to moving in. Please call regarding pets. Please refer to Policies on Renting for important information.
487 E Rainbow Dr, Chandler, AZ 85249 is a 3 bedroom, 2 bathroom, 1,269 sqft single-family home. It last sold for $188,663 on Aug 12, 2005 (9,103% above the $2,050 asking price). More recently, it was listed as a rental in January 2025 with an asking price of $2,195 per month. That rental listing was removed on February 27, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $388,900, with a rent estimate of $2,165/month.

Home Details for 487 E Rainbow Dr

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 12 months Management-broker Application Fee: $65 Security Deposit: $2050 Pet Deposit: $250

Exterior Features

Parking & Garage
GarageParking: Garage Other, On Site

Comparable Sales for 487 E Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
554 E SAN CARLOS Way, Chandler, AZ
0.10
Single-Family Home
$420,111
05/29/26
3
2
1,368 sqft
529 E SAN CARLOS Way, Chandler, AZ
0.06
Single-Family Home
$475,000
05/15/26
3
2.5
1,621 sqft
5185 S EILEEN Drive, Chandler, AZ
0.55
Single-Family Home
$385,000
01/16/26
3
2
1,131 sqft
135 E MEAD Drive, Chandler, AZ
0.45
Single-Family Home
$590,000
11/12/25
3
2
1,837 sqft
4940 S SPRINGS Drive, Chandler, AZ
0.57
Single-Family Home
$525,000
05/04/26
3
2
1,778 sqft
789 E SAN CARLOS Way, Chandler, AZ
0.27
Single-Family Home
$665,000
04/02/26
4
2.5
2,178 sqft
748 E MEAD Drive, Chandler, AZ
0.34
Single-Family Home
$730,000
10/24/25
4
2
2,466 sqft
4810 S ANVIL Place, Chandler, AZ
0.24
Single-Family Home
$785,000
07/01/26
4
2.5
2,362 sqft
63 W CEDAR Drive, Chandler, AZ
0.63
Single-Family Home
$477,500
05/29/26
3
2
1,882 sqft
164 E PRESCOTT Drive, Chandler, AZ
0.65
Single-Family Home
$580,000
11/14/25
3
2
1,595 sqft

Nearby homes

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Around this home

What Locals Say about Chandler

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 90% say there are sidewalks
  • 76% say there's holiday spirit
  • 49% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 1886 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 87 % Say car is needed

  • 83 % Say parking is easy

  • 79 % Say streets are well-lit

  • 76 % Say there's holiday spirit

  • 75 % Say people would walk alone at night

  • 73 % Say yards are well-kept

  • 71 % Say it's quiet

  • 64 % Say kids play outside

  • 57 % Say it's walkable to grocery stores

  • 56 % Say it's walkable to restaurants

  • 52 % Say they plan to stay for at least 5 years

  • 49 % Say neighbors are friendly

  • 29 % Say there are community events

  • 22 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Walk to restaurants, golf. Historic neighborhood."
    0
    Flag
  • Maddei316
    "The park is safe and popular."
    0
    Flag
  • Jayne Morelli
    "Well maintained grounds. Maintenance is good about keeping appointments. "
    0
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  • Shusterdayna
    "It’s a great place overall"
    0
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  • 5dm28rgbtz
    "Too many stray cats, loose dogs as in not on leashes, mean neighborhood dogs that get out occasionally; nobody picks up their dog waste. There the doggy bins either bags; never changed so they stink bc the heat and then they’re just overflowing bc they used to get used but on can’t now. "
    0
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  • Hg2rksv7sf
    "People drive like animals so watch your kids on their bikes. Also, I wouldn't have a problem with kids walking around the neighborhood v "
    0
    Flag
  • Trulia User
    "Great place to live. Family oriented. Easy to drive around. Neigborhood well maintained. HoA can be a pain for no reason "
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  • Barbara Tyson
    "We don't have any events that I know of. Doesn't mean they don't exist I just haven't been and haven't heard of any. "
    0
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  • C72q5dp7mp
    "There’s a lot of kids in this neighborhood and great parks nearby. It’s not uncommon to be accompanied by other families at the park and for the kids to all play together. "
    0
    Flag
  • Njs55102
    "Close to restaurants and businesses. Nearby Discount Tire and Asian market plaza. Great except the loud engines. "
    0
    Flag
  • arleneplus2
    "Close to stores, food and middle between downtown Gilbert and downtown Chandler. Quiet neighborhood with a great elementary school close by. "
    0
    Flag
  • Rowe38
    "Movie nights golf and walkable. Nice to go to Ocotillo downtown and nice restaurants throughout the area"
    0
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  • Pottster27
    "I don’t have a dog so I’m not to sure about that question I’ve heard from a few people that it’s a good location to have a dog and to take dog on walks "
    0
    Flag
  • Sean Wallace
    "Just a nice, quiet place to live and raise a family. Can’t say there is anything unique, it’s the suburbs. "
    0
    Flag
  • Louisa Beck
    "Family friendly with good schools with school buses available. Safe quiet and walkable streets. Large variety of stores and multiple freeways "
    0
    Flag
  • Vickyedenise Pulliam
    "This seems to be the best area for school children in the Phienix Mero area. But as always, vet the programs you are interested in sending your child to before jumping headstrong into them."
    0
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  • Sdxjtu
    "It’s great neighborhood. It’s very clean, people are friendly, family oriented, safe, quiet, and has a lot of things to do locally."
    0
    Flag
  • Colleen Lo
    "The schools in this area are top notch; from elementary to high school. Neighborhood feels safe and friendly!"
    0
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  • Shaya Cywinski
    "I’ve lived in Chandler for 25 years. I’ve always loved the neighborhood. It’s a safe and friendly community. There are many family friendly areas and places to explore with or without children. There is a lot of areas to explore and places to go and easy access to the freeways. "
    0
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  • Trulia User
    "It's a retirement community with private country club and golf course.. Great facilities, pools, tennis courts, pickleball courts gym and sauna "
    0
    Flag
  • Cory Biryukova
    "My commute is usually 20 minutes with limited traffic. Streets are well maintained and crime is low."
    0
    Flag
  • Kellybear23
    "Dog owners should stay away from this area. You all haven’t learned to pick up after your barking dogs"
    0
    Flag
  • Benji.hernandez3
    "Everyone is trustworthy friendly and lots of family around lots of good food and restaurants to eat :)"
    0
    Flag
  • Candisbrown87
    "The LDS church on Hartford and Mesquite always has amazing events throughout the year for all. There are also community events in the neighborhood park a few times a year, which is always nice for families and kids. "
    0
    Flag
  • Teresjs
    "I don’t have a commute however, there is public transportation available for commutes. There are buses and local shuttles. Nothing else to note at this time. "
    0
    Flag
  • Prudentsprinkles
    " I drive to phoenix to east Mesa to Gilbert to chandler to Scottsdale to ahwatukee to mesa and so on "
    0
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  • Taylor Tucker
    "i never want to leave chandler. it’s so nice here and everything is so conveniently close by. people are very friendly and my job in this city is also amazing. cannot say anything bad about this place. "
    0
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  • Taylor Tucker
    "Everything I need is nearby. I love it here. My drive to work is under 10 minutes. Usually no traffic. "
    0
    Flag
  • Juhrinyak
    "You see other people walking their dogs. The community has plenty of greenfields and multiple dog stations with poo bags. "
    1
    Flag
  • Juan Nieto
    "Good neighborhood to live in, management company isn’t the best. Super picky if there’s a single plant on the front yard they’re wanting to fine……. Or any type of stain in the drive way including backyard "
    0
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  • Trulia User
    "It’s a good neighborhood with a good school. No vacant or deserted homes. All homes are properly maintained "
    0
    Flag
  • Trulia User
    "carino estate is very pleasant, homey & most neighbors nice. yards are maintained & drivers are cautious of the many kids playing "
    1
    Flag
  • Trulia User
    "multi yard sale, ostrich festival nearby. parks & great walking paths. Neighbors maintain nice tailored properties & are nice. Perfect for a growing family."
    1
    Flag
  • Trulia User
    "Has nice large sidewalks with several areas for dogs to enjoy themselves. Common areas are well maintained. Would be perfect if owners cleaned up after their dogs."
    0
    Flag
  • Trulia User
    "not bad pretty steady and Chandler no bad traffic I love love love this neighborhood people are friendly trustworthy"
    0
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  • Trulia User
    "Must have a car to travel about but beautiful area. Lovely people amongst people that care about their community "
    0
    Flag
  • Trulia User
    "Currently work from home and my work is close by so my commute is quick and easy. 101 has the most traffic."
    0
    Flag
  • Trulia User
    "This is a pretty great place to have a dog. There is a greenbelt and a park and also a lake that’s part of a community that you can walk your dog. Just be sure you are aware of how hot it gets in the summer here."
    0
    Flag
  • Mercedes B.
    "There were plenty of large dogs in the neighborhood and the neighbors were very responsible dog owners"
    1
    Flag
  • Liaannatomasino
    "This neighborhood is quite and drivers are responsible so dogs and children are not in dangerous area!"
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Feb 27, 2025
Source: Zillow Rentals
ListingRemoved
$2,050
Feb 11, 2025
Source: Zillow Rentals
PriceChange
$2,050
Price decreased by 7%
Jan 11, 2025
Source: Zillow Rentals
Listed For Rent
$2,195
Aug 12, 2005
Source: N/A
Sold
$188,663

Frequently asked questions about 487 E Rainbow Dr

  • What is 487 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 487 E Rainbow Dr in Chandler, AZ is $388,900.
  • What is the price history for 487 E Rainbow Dr?
    487 E Rainbow Dr in Chandler, AZ last sold for $188,663 in August 2005.
  • Is Chandler a buyer's or seller's market?
    Chandler is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Chandler?
    The median sale price in Chandler is $503K. That is up $3.33K from the prior month.
  • Does 487 E Rainbow Dr have a garage?
    Yes, 487 E Rainbow Dr in Chandler, AZ has a garage.

Homes for rent near 487 E Rainbow Dr

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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