The Monde Scottsdale
4624 N 73rd St,
Scottsdale, AZ 85251
Studio - 3 Beds | $2,127 - $6,127
Rental Market Trends in Paradise Valley, AZ
Updated August 2026
The average rent in Paradise Valley, AZ is $2,488/month.
Rent in Paradise Valley is 50% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,488/month
Average Rent
547 Sq Ft
Average Size
+2.6%
Change / Year
1,361
Available Apartments
Paradise Valley rent varies by unit size and layout:
- Studio apartments in Paradise Valley average per month.
- One-bedroom apartments in Paradise Valley average $2,488 per month.
- Two-bedroom apartments in Paradise Valley average per month.
- Three-bedroom apartments in Paradise Valley average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Paradise Valley, AZ?
In the past year, rent has increased by 2.6%, which averages out to $64 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Paradise Valley, AZ
August 2026
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
What salary do I need to live comfortably in Paradise Valley, AZ?
Because the average rent in Paradise Valley is $2,488, you’ll want to make about $8,293 per month or $99,516 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.
View the Paradise Valley Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Phoenix
Avg Rent: $1,302/month
-
Scottsdale
Avg Rent: $1,838/month
-
Tempe
Avg Rent: $1,489/month
-
Fountain Hills
Avg Rent: $1,685/month
-
Mesa
Avg Rent: $1,281/month
-
Tolleson
Avg Rent: $1,400/month
-
Sun City
Avg Rent: $1,461/month
-
Chandler
Avg Rent: $1,536/month
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Frequently Asked Questions
What is the average rent in Paradise Valley?
The average rent in Paradise Valley is $2,488 per month, which is 49.6% higher than the national average of $1,663.
What is the average rent for a house in Paradise Valley?
The average rent for a house in Paradise Valley, AZ is $6,789 per month.
What is the average rent for a townhome in Paradise Valley?
The average rent for a townhome in Paradise Valley, AZ is $4,147 per month.
What is the average rent for a condo in Paradise Valley?
The average rent for a condo in Paradise Valley, AZ is $1,808 per month.
Are rents going up or down in Paradise Valley?
Rents in Paradise Valley, AZ are increasing, with prices up 2.6% year-over-year and $64 more per month.
What rent range is most common in Paradise Valley?
In Paradise Valley, AZ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.