Cheap Apartments for Rent in the Paradise Valley Neighborhood of Phoenix, AZ from $700 (55 Rentals)

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

property at 2645 E Cactus Rd

$900 - $1,025

Studio To 1 Bedroom Rentals

Available Now

2645 E Cactus Rd

PhoenixAZ85028

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 16602 N 25th St

$1,050 - $1,295

2 Bedroom Rentals

Available Now

16602 N 25th St

PhoenixAZ85032

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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property at 4722 E Bell Rd

$1,173 - $1,482

1 To 2 Bedroom Rentals

Available Now

4722 E Bell Rd

PhoenixAZ85032

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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property at 13440 N 44th St

$1,359 - $2,083

1 To 3 Bedroom Rentals

Available Now

13440 N 44th St

PhoenixAZ85032

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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Paradise Falls
Studio to 2 Bedroom Apartments

Paradise Falls

15434 N 32nd StPhoenix, AZ 85032
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Village Square
1 to 2 Bedroom Apartments

Village Square

14014 N 32nd StPhoenix, AZ 85032
  • Utilities Included
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Escarlata 31
Studio to 2 Bedroom Apartments

Escarlata 31

16645 N 31st StPhoenix, AZ 85032
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Cala Paradise Valley
1 to 2 Bedroom Apartments

Cala Paradise Valley

12211 N Paradise Village Pky SPhoenix, AZ 85032
Corporate Housing
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The Charleston
Studio to 2 Bedroom Apartments

The Charleston

11825 N 25th PlPhoenix, AZ 85028
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Paradise Greens
1 to 3 Bedroom Apartments

Paradise Greens

16001 N 25th StPhoenix, AZ 85032
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Cactus Forty-2
Studio to 2 Bedroom Apartments

Cactus Forty-2

4242 E Cactus RdPhoenix, AZ 85032

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Paradise Valley, Phoenix, AZ Local Guide

Cheapest Available Paradise Valley Apartments for Rent

 

The cheapest available apartment rental in the Paradise Valley area of Phoenix, AZ is a Studio unit found at The Summit Apartments priced from $750. Rancho La Fuente has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Paradise Valley apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Summit ApartmentsStudioStudio,1BA$750
Rancho La FuenteOne Bed, One Bath1BR,1BA$850
Tides on East CactusStudioStudio,1BA$900
CeliaOrchid1BR,1BA$986
Paradise FallsNiagara1BR,1BA$1,025
Windsprings Apartments1 X 11BR,1BA$1,050
Escarlata 29One Bedroom1BR,1BA$1,050
Elara at Paradise ValleyA21BR,1BA$1,062
Park GreenvaleOne Bedroom1BR,1BA$1,075
Paradise Valley Apartments2 X 22BR,2BA$1,099

Best Value Apartments for Rent in Paradise Valley, AZ

As of January 22, 2026 the best value apartment in the Paradise Valley area is the $1.27 price per square foot 16033 N 25th St Model at 16033 N 25th St, Unit 1111 in the in the North Phoenix neighborhood starting from $1,495. The second greatest value Paradise Valley apartment is the Three Bedrooms Two Bathrooms Model at Fernwood Court Apartments starting at $1,749 with a $1.58 price per square foot in the North Phoenix 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.
16033 N 25th St, Unit 111116033 N 25th St3BR,2BA$1.27
Fernwood Court ApartmentsThree Bedrooms Two Bathrooms3BR,2BA$1.58
Sun Terrace Apartments2 Bedroom2BR,2BA$1.20
Paradise Greens2 Bedroom2BR,2BA$1.16
Zen Senior LivingLotus2BR,2BA$1.54
Paradise Village ApartmentsTwo Bedroom Small2BR,1BA$1.38
Palo BreaTwo Bedroom One Bath2BR,1BA$1.50
Two | Five Greenway ApartmentsB1 Classic W&D2BR,1BA$1.56
Paradise FallsNiagara1BR,1BA$1.48
Rancho La FuenteOne Bed, One Bath1BR,1BA$1.49

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

Our team compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Paradise Valley, Phoenix, and the greater Phoenix area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, apartment complexes for the kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Paradise Valley Apartments

What is a cheap apartment in Paradise Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Paradise Valley is under $1,099.

What is the price of a cheap apartment in Paradise Valley?

The cheapest apartment in Paradise Valley is Rancho La Fuente which is listed at $850, while the average apartment in Paradise Valley costs $8,947.

What types of apartments are the cheapest in Paradise Valley?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Paradise Valley that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Paradise Valley?

Cheap apartments in Paradise Valley have an average cost of $115 which is $8,832 cheaper than the average rent for all rentals in Paradise Valley.

Expert Rental Resources

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.

Helpful Local Expert Guides

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

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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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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

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Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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Articles, How-To's, and Tips

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.