Average Rent in Paradise Valley, AZ

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Current Versus Historical Paradise Valley, AZ Rents

Paradise Valley rentals average $11,999 for a 1-bedroom rental to $22,198 for a 4-bedroom rental. The median price of all currently available listings is $20,000, or roughly $49 per square feet.
For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,388 to $1,388. 1-bedroom rentals prices have increased by $8,291 (223.62%) year-over-year from $3,708 to $11,999. 2-bedroom rentals prices have increased by $8,583 (91.15%) year-over-year from $9,417 to $18,000. 3-bedroom rentals prices have increased by $13,675 (216.21%) year-over-year from $6,325 to $20,000. 4-bedroom rentals prices have decreased by $838 (-3.59%) year-over-year from $23,333 to $22,495. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 28.57% this month. 2-bedroom rents have gone up by 4.85% this month. 3-bedroom rents have gone up by 16.79% this month. 4-bedroom rents have gone up by 8.16% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $82.80 $11,999 $3,708 (223.62%) $6,809 (76.22%)
2 BR $96.73 $18,000 $9,417 (91.15%) $8,856 (103.26%)
3 BR $63.57 $20,000 $6,325 (216.21%) $8,035 (148.91%)
4+ BR $44.00 $22,495 $23,333 (-3.59%) $8,018 (180.54%)

Historical Rents in Paradise Valley, AZ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Paradise Valley

There are a total of 1 cities nearby Paradise Valley. The average rent in Paradise Valley is currently $2,100 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Paradise Valley, AZ is Phoenix, AZ. Monthly rents here are on average $2,100 per month.

Let's compare Paradise Valley, AZ's rent against other top cities nearby by bedroom size. One bedrooms are about 89.17% more expensive. Two bedrooms in Paradise Valley, AZ are about 89.21% more expensive. Finally, rent for three bedrooms are about 88.03% more expensive. Want more information? Check out the top 1 cities near Paradise Valley, AZ in the following table.
City Studio 1 Bed 2 Bed All
Phoenix, AZ $895 $1,300 $1,699 $2,100

Top Neighborhoods Near Paradise Valley

There are a total of 6 neighborhoods in or near Paradise Valley. Some of these neighborhoods include Downtown Phoenix, Downtown Scottsdale, and Desert Ridge. We've included all of these top 6 neighborhoods in or near Paradise Valley, AZ in the following table.

The average rent for these 6 neighborhoods in or near Paradise Valley, AZ is currently around $3,774 per month. A total of 6 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Paradise Valley's average rent, which is actually $20,000. Out of all the neighborhoods in or near Paradise Valley, Downtown Phoenix has the most affordable average rent at $2,093 per month. Whereas, at $4,000 average rent per month, Greyhawk is the most expensive neighborhood in or near Paradise Valley. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Phoenix, Phoenix, AZ $800 $2,004 $2,473 $2,093
Downtown Scottsdale, Scottsdale, AZ $2,225 $2,750 $3,500 $3,700
Desert Ridge, Phoenix, AZ N/A $2,300 $3,050 $3,750
Scottsdale Ranch, Scottsdale, AZ N/A $3,300 $3,798 $3,798
McCormick Ranch, Scottsdale, AZ $2,025 $2,250 $3,800 $4,000
Greyhawk, Scottsdale, AZ N/A $2,000 $3,250 $4,000

Top Counties Near Paradise Valley



County Studio 1 Bed 2 Bed All

Top Zipcodes Near Paradise Valley

There are a total of 27 zipcodes in or near Paradise Valley, AZ. The average rent for all of these zipcodes is $2,100. A total of 27 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85006, Phoenix, AZ at $1,400 per month. In comparison, the zipcode with the most expensive average rent of $16,745 per month is 85253, Paradise Valley, AZ.

Studios in these zipcodes have an average rent of $871. That's at least $22 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Paradise Valley, AZ is $1,400 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,750 per month. Which comes out to $21 per sqft. The following table includes the top 10 zipcodes in Paradise Valley, AZ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
85251, Scottsdale, AZ $1,950 $2,150 $2,500 $3,000
85258, Maricopa County, AZ $2,025 $2,200 $3,700 $4,000
85018, Phoenix, AZ $899 $1,270 $1,885 $2,900
85253, Paradise Valley, AZ N/A $6,750 $3,373 $16,745
85254, Phoenix, AZ $1,584 $2,000 $2,600 $4,100
85260, Scottsdale, AZ N/A $1,816 $3,000 $3,650
85016, Phoenix, AZ $925 $1,495 $2,298 $2,292
85281, Tempe, AZ $1,654 $1,500 $1,798 $2,050
85250, Scottsdale, AZ $3,700 $1,540 $2,350 $3,273
85255, Scottsdale, AZ N/A $2,100 $3,800 $5,000

Frequently Asked Questions - Paradise Valley Average Rents

What is the average rent price in Paradise Valley, AZ?
The average monthly rental price for Paradise Valley, AZ apartments for rent is approximately $20,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Paradise Valley, AZ rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Paradise Valley, AZ.
How much is a one bedroom apartment in Paradise Valley, AZ?
The average monthly rental price for one bedroom apartments is $11,999 and an average price per square feet of $82.80. There are a total of 1 one bedroom apartment listings currently available for rent in Paradise Valley.
How much is a two bedroom apartment in Paradise Valley, AZ?
The average monthly rental price for two bedroom apartments is $15,750 and an average price per square feet of $96.73. There are a total of 4 two bedroom apartment listings currently available for rent in Paradise Valley.
How have rent prices in Paradise Valley, AZ changed this year?
Rent prices for rentals in Paradise Valley, AZ can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 2.24%, two bedroom rental prices have changed by 0.91%, three bedroom rental prices have changed by 2.16% year-over-year.
What is a reasonable rent price in Paradise Valley, AZ?
A reasonable rent price in Paradise Valley, AZ is around $16,000/month. You can search for these reasonably priced rental listings on RentHop.
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