Cheap Homes for Rent in Paradise Valley Neighborhood of Phoenix, AZ from $1,000 (21 Rentals)

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

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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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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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 1-21, Page 1 of 1

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 $850. 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$850
Elara at Paradise ValleyA1Studio,1BA$990
Escarlata 31StudioStudio,1BA$1,000
Windsprings Apartments1 X 11BR,1BA$1,050

Best Value Apartments for Rent in Paradise Valley, AZ

As of June 19, 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$1.47
Paradise Greens2 Bedroom2BR,2BA$1.16
The Bella2x2B Reno2BR,2BA$1.46
Tatum PlaceB12BR,2BA$1.72
Buenas Paradise Valley$350 TOTAL MOVE-IN2BR,1BA$1.41
Paradise Village ApartmentsTwo Bedroom Small2BR,1BA$1.38
Palo BreaTwo Bedroom One Bath2BR,1BA$1.70
Park GreenvaleOne Bedroom1BR,1BA$1.78

Quick Rent Budget Calculator

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Frequently Asked Questions about Paradise Valley

What type of rentals are currently available in Paradise Valley?

There are currently 189 Apartments for Rent in Paradise Valley, AZ with pricing that ranges from $748 to $12,000. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Valley ranging from $1,000 to $13,000.

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 $1,000 to $13,000 with an average monthly rent of $3,458.

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 $1,612 to $6,834, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,985 to $13,000. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $2,070.

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.

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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).

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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.

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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.

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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.