Average Rent in Paradise Valley, AZ

Current Versus Historical Paradise Valley, AZ Rents

Paradise Valley rentals average $0 for a 1-bedroom rental to $20,000 for a 4-bedroom rental. The median price of all currently available listings is $17,000, or roughly $4 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover 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 decreased by $3,567 (-47.14%) year-over-year from $7,567 to $4,000. 2-bedroom rentals prices have increased by $3,867 (38.16%) year-over-year from $10,133 to $14,000. 3-bedroom rentals prices have increased by $3,800 (61.29%) year-over-year from $6,200 to $10,000. 4-bedroom rentals prices have decreased by $24,291 (-62.22%) year-over-year from $39,041 to $14,750. 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 8.60% this month. 2-bedroom rents have gone down by 2.04% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 4.75% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$4.01	$14,000	$10,133 (38.16%)	$7,267 (92.66%)
3 BR	$3.07	$10,000	$6,200 (61.29%)	$6,633 (50.75%)
4+ BR	$4.17	$14,750	$39,041 (-62.22%)	$11,500 (28.26%)

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 $2,700 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,700, 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 $2,700 per month.

Let's compare Paradise Valley, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Paradise Valley, AZ is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Paradise Valley, AZ are about 83.85% more expensive. Finally, rent for three bedrooms are about 73.38% more expensive. Want more information? Check out the top 1 cities near Paradise Valley, AZ in the following chart.

City	Studio	1 Bed	2 Bed	All
Phoenix, AZ	$1,947	$1,550	$2,100	$2,700

Top Neighborhoods Near Paradise Valley

There are a total of 2 neighborhoods in or near Paradise Valley. We've included all of these top 2 neighborhoods in or near Paradise Valley, AZ in the following chart.

The average rent for these 2 neighborhoods in or near Paradise Valley, AZ is currently around $4,248 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Paradise Valley, Downtown Scottsdale has the most affordable average rent at $3,995 per month. Whereas, at $4,500 average rent per month, McCormick Ranch is the most expensive neighborhood in or near Paradise Valley. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Scottsdale, Scottsdale, AZ	N/A	$2,950	$3,999	$3,995
McCormick Ranch, Scottsdale, AZ	$2,000	$2,350	$4,500	$4,500

Top Counties Near Paradise Valley

There are a total of 2 counties located by Paradise Valley, AZ.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Paradise Valley

There are a total of 8 zipcodes in or near Paradise Valley, AZ. The average rent for all of these zipcodes is $3,800. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85032, Phoenix, AZ at $2,450 per month. In comparison, the zipcode with the most expensive average rent of $10,750 per month is 85253, Paradise Valley, AZ.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Paradise Valley, AZ is $2,135 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,850 per month. Which comes out to $3 per sqft. The following chart includes the top 8 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
85258, Maricopa County, AZ	$2,000	$2,500	$3,500	$4,263
85251, Scottsdale, AZ	N/A	$1,999	$2,500	$3,000
85260, Scottsdale, AZ	N/A	$1,575	$3,000	$3,600
85254, Phoenix, AZ	N/A	$2,700	$3,023	$5,000
85018, Phoenix, AZ	N/A	$2,200	$2,400	$4,000
85250, Scottsdale, AZ	N/A	$2,070	$2,700	$3,300
85253, Paradise Valley, AZ	N/A	$2,700	$3,800	$10,750
85032, Phoenix, AZ	N/A	$1,775	$1,873	$2,450

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 $17,000. 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 studio apartment in Paradise Valley, AZ?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Paradise Valley.

How much is a one bedroom apartment in Paradise Valley, AZ?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. 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 $13,000 and an average price per square feet of $4.01. 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 -0.47%, two bedroom rental prices have changed by 0.38%, and three bedroom rental prices have changed by 0.61% year-over-year.

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

A reasonable rent price in Paradise Valley, AZ is around $13,600/month. You can search for these reasonably priced rental listings on RentHop.