
Cheap Apartments for Rent in the Paradise Valley Neighborhood of Phoenix, AZ from $700 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Paradise Valley area of Phoenix.


The Summit Apartments

Revive 25 Apartments

3004 E Waltann Ln

3004 E Waltann Ln

3004 E Waltann Ln

2645 E Cactus Rd

Elara at Paradise Valley

2440 E Waltann Ln

Windsprings Apartments
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.

2807 E Paradise Ln

16821 N 26th St

Park Greenvale

3002 E Waltann Ln

2838 E Marconi Ave

Escarlata 29

Paradise Village Apartments

Celia

Waterford On Tatum

2833 E Le Marche Ave
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.

2826 E Marconi Ave

The Palisades in Paradise Valley

Sun Terrace Apartments

16602 N 25th St

Enclave at Paradise Valley

Crestone at Shadow Mountain

Stonebridge

Greenspoint at Paradise Valley

Zen Senior Living

2808 E Marconi Ave
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

Total Monthly Price
Vida46

Halogen

13440 N 44th St

Total Monthly Price
The Bella

4444 E Paradise Vlg Pkwy S

Rancho La Fuente

Crystal Pointe Apartments

Paradise Greens

Escarlata 31

The Charleston
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.

Village Square

Paradise Falls

Townhomes on the Park Apartment Homes

Paradise Valley Apartments

Cala Paradise Valley

Two | Five Greenway Apartments

Buenas Paradise Valley

Paradise Arbor

Cactus Forty-2

Palo Brea
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.
Paradise Valley, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Paradise Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paradise Valley Studio Apartments | $1,129 | $775 | $1,955 |
| Paradise Valley 1 Bedroom Apartments | $1,442 | $779 | $3,900 |
| Paradise Valley 2 Bedroom Apartments | $1,896 | $799 | $4,906 |
| Paradise Valley 3 Bedroom Apartments | $2,072 | $1,167 | $2,550 |
| Paradise Valley 4 Bedroom Apartments | $3,416 | $3,416 | $3,416 |
Browse Apartments in this Neighborhood
There are currently 53 rentals with your search options within a 2 mile radius of the Paradise Valley Neighborhood of Phoenix, AZ.
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Paradise Valley, Phoenix, AZ Local Guide
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Cheapest Available Paradise Valley Apartments for Rent
 The cheapest available apartment rental in the Paradise Valley area of Phoenix, AZ is a 1 Bed unit found at Rancho La Fuente priced from $799. Tides on East Cactus has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Paradise Valley apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $799 |
| Tides on East Cactus | Studio | Studio,1BA | $849 |
| Windsprings Apartments | 1 X 1 | 1BR,1BA | $900 |
| Paradise Greens | 1 Bedroom | 1BR,1BA | $963 |
| Elara at Paradise Valley | A1 | Studio,1BA | $975 |
| Escarlata 29 | One Bedroom | 1BR,1BA | $999 |
| Escarlata 31 | 2 Bedrooms, 1 Bathroom Large | 2BR,1BA | $999 |
| Paradise Village Apartments | Two Bedroom Small | 2BR,1BA | $1,012 |
| Paradise Falls | Niagara | 1BR,1BA | $1,020 |
| Mission Springs | B | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Paradise Valley, AZ
As of March 09, 2026 the best value apartment in the Paradise Valley area is the $1.60 price per square foot B3 (Sapphire) Model at Sonterra Apartments at Paradise Valley in the in the North Phoenix neighborhood starting from $1,885. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sonterra Apartments at Paradise Valley | B3 (Sapphire) | 2BR,2BA | $1.60 |
| Fernwood Court Apartments | Three Bedrooms Two Bathrooms | 3BR,2BA | $1.58 |
| The Charleston | 2 Bed/1 Bath | 2BR,1BA | $1.50 |
| The Summit Apartments | Two Bedroom | 2BR,2BA | $1.23 |
| Paradise Village Apartments | Two Bedroom Small | 2BR,1BA | $1.20 |
| Paradise Greens | 1 Bedroom | 1BR,1BA | $1.20 |
| Two | Five Greenway Apartments | B2 Classic W&D | 2BR,1BA | $1.50 |
| Mission Springs | A | 1BR,1BA | $1.58 |
| Paradise Falls | Niagara | 1BR,1BA | $1.47 |
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $1.40 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleExpert'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
Read ArticleQuick 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.
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 Tides on East Cactus listed at $849.
How much is rent for a Cheap One Bedroom Paradise Valley Apartment?
The lowest price for a Cheap One Bedroom Paradise Valley Apartment is $799 at Rancho La Fuente.
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 $999 at Escarlata 31.
What is the most affordable Paradise Valley Three Bedroom Apartment?
The best deal on a cheap Paradise Valley Three Bedroom Apartment rental is at Fernwood Court Apartments and starts from $1,749.
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

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).

Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
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.

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.

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.