Average Rent in Paradise Valley, AZ

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Current Versus Historical Paradise Valley, AZ Rents

Paradise Valley rentals average $11,500 for a 1-bedroom rental to $23,745 for a 4-bedroom rental. The median price of all currently available listings is $21,900, or roughly $46 per square feet.

For the apartment units and housing in July 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 $7,719 (204.17%) year-over-year from $3,781 to $11,500. 2-bedroom rentals prices have increased by $8,000 (88.89%) year-over-year from $9,000 to $17,000. 3-bedroom rentals prices have increased by $14,238 (247.07%) year-over-year from $5,763 to $20,000. 4-bedroom rentals prices have increased by $1,845 (8.42%) year-over-year from $21,900 to $23,745. 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 down by 1.43% this month. 2-bedroom rents have gone up by 15.91% this month. 3-bedroom rents have gone up by 31.15% this month. 4-bedroom rents have gone up by 21.47% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$79.36	$11,500	$3,781 (204.17%)	$7,027 (63.65%)
2 BR	$92.81	$17,000	$9,000 (88.89%)	$9,244 (83.89%)
3 BR	$63.57	$20,000	$5,763 (247.07%)	$6,674 (199.66%)
4+ BR	$42.99	$23,745	$21,900 (8.42%)	$8,018 (196.13%)

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 88.74% more expensive. Two bedrooms in Paradise Valley, AZ are about 90.00% more expensive. Finally, rent for three bedrooms are about 88.25% 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	$800	$1,295	$1,700	$2,100

Top Neighborhoods Near Paradise Valley

There are a total of 4 neighborhoods in or near Paradise Valley. Some of these neighborhoods include Downtown Scottsdale, Scottsdale Ranch, and Greyhawk. We've included all of these top 4 neighborhoods in or near Paradise Valley, AZ in the following table.

The average rent for these 4 neighborhoods in or near Paradise Valley, AZ is currently around $3,899 per month. A total of 4 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Paradise Valley's average rent, which is actually $21,900. Out of all the neighborhoods in or near Paradise Valley, Downtown Scottsdale has the most affordable average rent at $3,599 per month. Whereas, at $4,448 average rent per month, McCormick Ranch 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 Scottsdale, Scottsdale, AZ	$1,648	$2,800	$3,250	$3,599
Scottsdale Ranch, Scottsdale, AZ	N/A	$3,350	$3,773	$3,798
Greyhawk, Scottsdale, AZ	N/A	$1,995	$3,250	$4,000
McCormick Ranch, Scottsdale, AZ	$2,025	$2,225	$4,000	$4,448

Top Counties Near Paradise Valley

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Paradise Valley

There are a total of 25 zipcodes in or near Paradise Valley, AZ. The average rent for all of these zipcodes is $2,095. A total of 25 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85015, Phoenix, AZ at $1,325 per month. In comparison, the zipcode with the most expensive average rent of $14,995 per month is 85253, Paradise Valley, AZ.

Studios in these zipcodes have an average rent of $788. 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 $1,346 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,772 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	$799	$2,000	$2,495	$2,999
85258, Maricopa County, AZ	$2,025	$2,185	$3,800	$4,000
85018, Phoenix, AZ	$699	$1,540	$2,000	$2,700
85253, Paradise Valley, AZ	N/A	$6,500	$3,200	$14,995
85254, Phoenix, AZ	$1,582	$1,928	$3,200	$4,000
85260, Scottsdale, AZ	N/A	$1,816	$3,250	$3,650
85016, Phoenix, AZ	$895	$1,425	$2,025	$2,030
85281, Tempe, AZ	$1,163	$1,175	$1,800	$2,200
85250, Scottsdale, AZ	$1,395	$1,750	$2,500	$3,075
85255, Scottsdale, AZ	N/A	$1,995	$3,600	$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 $21,900. 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 $11,500 and an average price per square feet of $79.36. 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 $17,000 and an average price per square feet of $92.81. There are a total of 3 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 2.04%, two bedroom rental prices have changed by 0.89%, three bedroom rental prices have changed by 2.47% year-over-year.

What is a reasonable rent price in Paradise Valley, AZ?

A reasonable rent price in Paradise Valley, AZ is around $17,520/month. You can search for these reasonably priced rental listings on RentHop.