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Rental Market Trends in Paradise Valley, AZ

What is the average rent in Paradise Valley, AZ?

$2,433/month

Average Rent

547 Sq Ft

Average Apartment Size

+12.7%

Increase in the Last Year

As of November 2025, the average rent in Paradise Valley, AZ is $2,433 per month. This is 49% higher than the national average rent price of $1,630/month, making Paradise Valley one of the most expensive cities in the US. When you rent an apartment in Paradise Valley, you can expect to pay about per month for a studio, $2,433 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,433/month
547 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,272/month
822 Sq Ft
Two Bedroom
$4,808/month
1,455 Sq Ft
Three Bedroom
$6,709/month
2,084 Sq Ft
Four Bedroom
$17,519/month
4,247 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,790/month
762 Sq Ft
Two Bedroom
$2,398/month
1,072 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,337/month
800 Sq Ft
Two Bedroom
$3,998/month
1,471 Sq Ft
Three Bedroom
$4,773/month
1,869 Sq Ft
Four Bedroom
$4,016/month
2,186 Sq Ft

How much has average rent changed in Paradise Valley, AZ?

In the past year, rent has increased by 12.7%, which averages out to $309 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Paradise Valley?

Based on current rent prices, Camelback Park Estates is the most affordable neighborhood in Paradise Valley.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Camelback Park Estates
$2,180/month
826 Sq Ft

What are the most expensive neighborhoods in Paradise Valley?

Based on current rent prices, Camelback Park Estates is the most expensive neighborhood in Paradise Valley.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Camelback Park Estates
$2,180/month
826 Sq Ft

Which Paradise Valley neighborhoods have the most rentals available?

The neighborhood in Paradise Valley with the most apartments available is Camelback Park Estates .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Camelback Park Estates
$2,180/month
826 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Paradise Valley, AZ?

Because the average rent in Paradise Valley is $2,433, you’ll want to make about $8,110 per month or $97,320 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Paradise Valley, AZ

1,635 Available Apartments for Rent

Search for Nearby Apartments

How does Paradise Valley, AZ compare to other nearby cities and neighborhoods?

Use the tool below to compare Paradise Valley, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Paradise Valley, AZ

Apartment Averages

Camelback Park Estates

Paradise Valley, AZ

Camelback Park Estates

Paradise Valley, AZ

Studio
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-
One Bedroom
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-
Two Bedroom
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-
Three Bedroom
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Nearby City Rent Trends

  • Phoenix Average Rent
  • Scottsdale Average Rent
  • Tempe Average Rent
  • Fountain Hills Average Rent
  • Mesa Average Rent
  • Chandler Average Rent

Apartment communities in Paradise Valley we think you'll love

4127 Arcadia

4127 Arcadia

4127 E Indian School Rd,
Phoenix, AZ 85018

$1,099 - $11,120

1-2 Beds

Scottsdale on Main

Scottsdale on Main

6901 E Main St,
Scottsdale, AZ 85251

$2,195 - $6,599

Studio - 2 Beds

AVE Paradise Valley

AVE Paradise Valley

12400 N Tatum Blvd,
Phoenix, AZ 85032

$1,633 - $4,688

Studio - 2 Beds

Mosaic

Mosaic

7007 E Gold Dust Ave,
Scottsdale, AZ 85253

$1,510 - $5,806

1-3 Beds

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United States Arizona Paradise Valley Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity