Cheap Apartments for Rent in Paradise Valley, AZ from $600 (177 Rentals)

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Search the lowest-cost Apartments available for rent right now in Paradise Valley.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 3500 Hayden Rd

3500 Hayden Rd

ScottsdaleAZ85257

Phoenix's Best Affordable Neighborhoods

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Paradise Valley, AZ Local Guide

Cheapest Available Paradise Valley Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paradise Valley, AZ is a Studio unit found at The Venue on Camelback Apartments in the Encanto neighborhood priced from $746. The Summit Apartments in the North Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $748. Here is today’s list of the most affordable Paradise Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Venue on Camelback ApartmentsHoneyStudio,1BA$746
The Summit ApartmentsStudioStudio,1BA$748
Royal Palms ApartmentsRoyal Palms 1/11BR,1BA$837
Kinley at BiltmoreS1Studio,1BA$849
Capri on CamelbackArcadia AffordableStudio,1BA$885
Shadow Ridge ApartmentsStudioStudio,1BA$950
Urban Walk ApartmentsA11BR,1BA$984
Echelon Apartments0Lx1Studio,1BA$995
Arcadia HausOne Bedroom1BR,1BA$999
Solaris at the BiltmoreStudioStudio,1BA$999

Best Value Apartments for Rent in Paradise Valley, AZ and Nearby

As of July 29, 2025 the best value apartment in the Paradise Valley area is the $1.63 price per square foot The Haver Model at Novella at Biltmore in the in the Central Phoenix neighborhood starting from $3,250. The second greatest value Paradise Valley apartment is the Royal Palms 3/2 Model at Royal Palms Apartments starting at $2,100 with a $1.68 price per square foot in the Downtown Scottsdale neighborhood. Here is today’s list of the best values for Paradise Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Novella at BiltmoreThe Haver3BR,2.5BA$1.63
Royal Palms ApartmentsRoyal Palms 3/23BR,1BA$1.68
La Terraza at the BiltmoreB22BR,2.5BA$1.61
Oasis at Scottsdale2 Bedr / 2 Bath2BR,2BA$1.54
AvalonTwo Bed Two Bath2BR,2BA$1.45
Morningside Apartments2 bedroom, 2 bath2BR,2BA$1.48
Scottsdale Place ApartmentsSalerno2BR,2BA$1.58
Townhomes on the Park Apartment HomesTwo Bedroom One Bath2BR,1BA$1.66
Camelback CourtyardTwo Bedroom/ one and a Half Bath2BR,1.5BA$1.36
Buena Vista ACG1x1 Lrg1BR,1BA$1.67

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Paradise Valley, AZ Rentals by Map

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Getting Around Paradise Valley, AZ

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

8 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Paradise Valley Apartments

What is the Cheapest Studio apartment in Paradise Valley?

Currently the most affordable Cheap Studio Apartment in Paradise Valley is at The Venue on Camelback Apartments listed at $746.

How much is rent for a Cheap One Bedroom Paradise Valley Apartment?

The lowest price for a Cheap One Bedroom Paradise Valley Apartment is $821 at The Venue on Camelback Apartments.

What is the lowest price for a Cheap Two Bedroom Paradise Valley Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Paradise Valley is starting from $1,057 at The Summit Apartments.

What is the most affordable Paradise Valley Three Bedroom Apartment?

The best deal on a cheap Paradise Valley Three Bedroom Apartment rental is at Scottsdale Place Apartments and starts from $1,750.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

Written by: Andrew Jollett

I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.