
Cheap Homes for Rent in Paradise Valley Neighborhood of Phoenix, AZ from $700 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Paradise Valley area of Phoenix.


3004 E Waltann Ln

2645 E Cactus Rd

16801 N 26th St

2814 E Kathleen Rd

2846 E Kathleen Rd
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.

2828 E Tierra Buena Ln

16402 N 31st St

2434 E Waltann Ln

2833 E Le Marche Ave

2615 E Kelton Ln

2814 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

4554 E Paradise Village Pkwy N

15402 N 28th St

12616 N 39th St

16005 N 32nd St

16225 N 30th 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.

12616 N 39th St

3024 E Waltann Ln, Unit # 3

13440 N 44th St

4465 E Paradise Vlg Pkwy S

16818 N 56th St

2642 E Kings Ave
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.

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 | $1,851 | $1,049 | $3,500 |
| Paradise Valley 3 Bedroom Homes for Rent | $2,929 | $1,400 | $10,000+ |
| Paradise Valley 4 Bedroom Homes for Rent | $4,543 | $1,350 | $10,000+ |
| Paradise Valley 5 Bedroom Homes for Rent | $7,122 | $4,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 25 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 Tides on East Cactus priced from $775. The Summit Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable Paradise Valley apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tides on East Cactus | Studio | Studio,1BA | $775 |
| The Summit Apartments | One Bedroom | 1BR,1BA | $779 |
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $799 |
| Park Greenvale | One Bedroom | 1BR,1BA | $799 |
| Escarlata 29 | One Bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Paradise Valley, AZ
As of February 26, 2026 the best value apartment in the Paradise Valley area is the $1.37 price per square foot C1 (Diamond) Model at Sonterra Apartments at Paradise Valley in the in the North Phoenix neighborhood starting from $2,146. 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 | C1 (Diamond) | 3BR,2BA | $1.37 |
| Fernwood Court Apartments | Three Bedrooms Two Bathrooms | 3BR,2BA | $1.58 |
| Paradise Greens | 2 Bedroom | 2BR,2BA | $1.16 |
| Palo Brea | Two Bedroom Two Bath A | 2BR,2BA | $1.46 |
| Escarlata 29 | Two Bedroom | 2BR,1BA | $1.75 |
| Two | Five Greenway Apartments | B1 Classic W&D | 2BR,1BA | $1.56 |
| Paradise Valley Apartments | 1BR/1.0BA | 1BR,1BA | $1.68 |
| Rancho La Fuente | One Bed, One Bath | 1BR,1BA | $1.40 |
| Paradise Falls | Cascade | 1BR,1BA | $1.68 |
| The Summit Apartments | One Bedroom | 1BR,1BA | $1.44 |
Frequently Asked Questions about Paradise Valley
What type of rentals are currently available in Paradise Valley?
There are currently 191 Apartments for Rent in Paradise Valley, AZ with pricing that ranges from $750 to $8,958. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Valley ranging from $799 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 $799 to $15,000 with an average monthly rent of $3,097.
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 $2,680, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $10,499. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $3,432.
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.