
Cheap Homes for Rent in Paradise Valley Neighborhood of Phoenix, AZ from $700 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Paradise Valley area of Phoenix.


2645 E Cactus Rd

16821 N 26th St

2708 E Tierra Buena Ln

2828 E Tierra Buena Ln

3004 E Waltann Ln

3004 E Waltann Ln
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.

12616 N 39th St

2846 E Kathleen Rd

2828 E Tierra Buena Ln

12616 N 39th St

16402 N 31st St

16402 N 31st St

2814 E Le Marche Ave
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15601 N 27th St

15402 N 28th St

12616 N 39th St

3629 E Kings Ave

16225 N 30th St

12616 N 39th St

13440 N 44th St
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.

16818 N 56th St

12222 N Paradise Vlg Pkwy S
Paradise Valley, Phoenix, AZ Local Guide

How much does it cost to rent a home in Paradise Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paradise Valley 2 Bedroom Homes for Rent | $1,579 | $899 | $3,500 |
| Paradise Valley 3 Bedroom Homes for Rent | $3,068 | $1,800 | $10,000+ |
| Paradise Valley 4 Bedroom Homes for Rent | $4,064 | $1,050 | $10,000+ |
| Paradise Valley 5 Bedroom Homes for Rent | $7,217 | $3,100 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Paradise Valley Neighborhood of Phoenix, AZ.
Explore Phoenix
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. Tides on East Cactus has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Paradise Valley apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Summit Apartments | Studio | Studio,1BA | $750 |
| Tides on East Cactus | Studio | Studio,1BA | $800 |
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $850 |
| Celia | Orchid | 1BR,1BA | $1,037 |
| Windsprings Apartments | 1 X 1 | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Paradise Valley, AZ
As of January 12, 2026 the best value apartment in the Paradise Valley area is the $1.58 price per square foot Three Bedrooms Two Bathrooms Model at Fernwood Court Apartments in the in the North Phoenix neighborhood starting from $1,749. The second greatest value Paradise Valley apartment is the B2 (Topaz) Model at Sonterra Apartments at Paradise Valley starting at $1,750 with a $1.64 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. |
|---|---|---|---|
| Fernwood Court Apartments | Three Bedrooms Two Bathrooms | 3BR,2BA | $1.58 |
| Sonterra Apartments at Paradise Valley | B2 (Topaz) | 2BR,2BA | $1.64 |
| Sun Terrace Apartments | 2 Bedroom | 2BR,2BA | $1.44 |
| Paradise Greens | 2 Bedroom | 2BR,2BA | $1.16 |
| The Bella | 2x2AR1T3 | 2BR,2BA | $1.65 |
| Zen Senior Living | Lotus | 2BR,2BA | $1.54 |
| Palo Brea | Two Bedroom One Bath | 2BR,1BA | $1.53 |
| Two | Five Greenway Apartments | B1 Classic W&D | 2BR,1BA | $1.56 |
| Paradise Falls | Niagara | 1BR,1BA | $1.53 |
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $1.49 |
Frequently Asked Questions about Paradise Valley
What type of rentals are currently available in Paradise Valley?
There are currently 193 Apartments for Rent in Paradise Valley, AZ with pricing that ranges from $750 to $9,137. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Valley ranging from $795 to $15,000.
What is the current price range for Rental Homes in Paradise Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paradise Valley ranges from $795 to $15,000 with an average monthly rent of $3,043.
How much are larger Three and Four Bedroom Rentals in Paradise Valley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paradise Valley range from $1,167 to $2,804, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $10,499. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $3,742.
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
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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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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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!