The Monde Scottsdale
4624 N 73rd St,
Scottsdale, AZ 85251
Studio - 3 Beds | $1,800 - $4,835
Rental Market Trends in Paradise Valley, AZ
What is the average rent in Paradise Valley, AZ?
$2,416/month
Average Rent
547 Sq Ft
Average Apartment Size
+46.4%
Increase in the Last Year
As of June 2025, the average rent in Paradise Valley, AZ is $2,416 per month. This is 48% higher than the national average rent price of $1,627/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, $2,416 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
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Paradise Valley, AZ?
In the past year, rent has increased by 46.4%, which averages out to $1,123 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 June 2025
Legend
2024
2025
Rent Ranges in Paradise Valley, AZ
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Paradise Valley?
Based on current rent prices, Cypress Creek and Camelback Park Estates" are the most affordable neighborhoods in Paradise Valley.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Paradise Valley?
Based on current rent prices, Camelback Park Estates and Cypress Creek" are the most expensive neighborhoods in Paradise Valley.
Neighborhood
Average Rent
Average Sq Ft
Which Paradise Valley neighborhoods have the most rentals available?
The neighborhoods in Paradise Valley with the most apartments available are Cypress Creek and Camelback Park Estates" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Paradise Valley, AZ?
Because the average rent in Paradise Valley is $2,416, you’ll want to make about $8,053 per month or $96,636 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.
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.
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Three Bedroom
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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 June 2025.
* Percentages may not total 100 due to rounding.