Cheap Apartments for Rent in the Paradise Valley Neighborhood of Phoenix, AZ from $700 (53 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 4722 E Bell Rd

4722 E Bell Rd

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.

Read Article

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.

Read Article

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.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
Village Square
1 to 2 Bedroom Apartments

Village Square

14014 N 32nd StPhoenix, AZ 85032
  • Utilities Included
close
View Me
Cactus Forty-2
1 to 2 Bedroom Apartments

Cactus Forty-2

4242 E Cactus RdPhoenix, AZ 85032
close
View Me
Cielo Villas
2 Bedroom Apartments

Cielo Villas

15350 N 29th StPhoenix, AZ 85032
close
View Me
Paradise Greens
2 to 3 Bedroom Apartments

Paradise Greens

16001 N 25th StPhoenix, AZ 85032

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Read Article
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 $748. Tides on East Cactus has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Paradise Valley apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Summit ApartmentsStudioStudio,1BA$748
Tides on East CactusStudioStudio,1BA$899
CeliaAspen1BR,1BA$899
Elara at Paradise ValleyA1Studio,1BA$1,024
The Charleston0 Bed/1 BathStudio,1BA$1,049
Windsprings Apartments1 X 11BR,1BA$1,050
Escarlata 29One Bedroom1BR,1BA$1,070
Park GreenvaleOne Bedroom1BR,1BA$1,075
Two | Five Greenway ApartmentsA1 Classic1BR,1BA$1,099
Rancho La FuenteOne Bed, One Bath1BR,1BA$1,100

Best Value Apartments for Rent in Paradise Valley, AZ

As of July 21, 2025 the best value apartment in the Paradise Valley area is the $1.21 price per square foot 2x2 1200 Model at Waterford On Tatum in the in the North Phoenix neighborhood starting from $1,449. The second greatest value Paradise Valley apartment is the Three Bedrooms Two Bathrooms Model at Fernwood Court Apartments starting at $1,800 with a $1.62 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.
Waterford On Tatum2x2 12002BR,2BA$1.21
Fernwood Court ApartmentsThree Bedrooms Two Bathrooms3BR,2BA$1.62
Sun Terrace Apartments2 Bedroom2BR,2BA$1.44
Paradise Greens2 Bedroom2BR,2BA$1.16
The Bella2x2B Reno2BR,2BA$1.75
Townhomes on the Park Apartment HomesTwo Bedroom One Bath2BR,1BA$1.66
Zen Senior LivingLotus2BR,2BA$1.54
Buenas Paradise Valley$350 TOTAL MOVE-IN2BR,1BA$1.41
Paradise Village ApartmentsTwo Bedroom Small2BR,1BA$1.38
Palo BreaTwo Bedroom One Bath2BR,1BA$1.49

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Paradise Valley, Phoenix, AZ

Ranked #76

Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Paradise Valley, Phoenix, AZ

School data provided by Great Schools

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 the Cheapest Studio apartment in Paradise Valley?

Currently the most affordable Cheap Studio Apartment in Paradise Valley is at The Summit Apartments listed at $748.

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

The lowest price for a Cheap One Bedroom Paradise Valley Apartment is $993 at Celia.

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 Paradise Greens and starts from $1,336.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.