Homes & Apartments for Rent in Paradise Valley, AZ 85253

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What to Know About

Life in Paradise Valley & Beyond

Paradise Valley shares many of the great qualities that make Arizona a desirable place to live.

Arizona is where the beauty of nature and the richness of culture collide. From the majestic red rocks of Sedona to the vibrant streets of Phoenix, Arizona is a state like no other. Explore its diverse cultural offerings by visiting historical landmarks such as the Heard Museum and the Pueblo Grande Museum & Archaeological Park. And for those seeking higher education, this is the place for renowned universities like Arizona State University and the University of Arizona, one of the largest research universities in the United States. In addition, Arizona's economy is ever-growing thanks to the industries of technology, tourism, and agriculture.

Adventure seekers and sports enthusiasts will find no shortage of activities in Arizona. Explore the Grand Canyon, go for a hike in the many scenic state parks, cheer on the Arizona Cardinal (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and Phoenix Suns (NBA), or watch exciting college sports games at the state's universities. In addition, appreciate famous attractions like the Saguaro National Park, the Petrified Forest National Park, and the historic city of Tombstone.

A desert oasis of adventure and discovery, Arizona is a great place to call home for those seeking an exciting and relaxing lifestyle.

Rental Market Trends

Paradise Valley, AZ

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As of October 2026, Paradise Valley's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Paradise Valley's average rent is 1.9% ($31) higher than the Arizona average of $1,659 and 7.1% ($129) lower than the U.S. average of $1,819.

Average Rent
$1,690
Monthly ChangeMonth Over Month Change
Decreased1.5% ($25)
Yearly ChangeYear Over Year Change
Decreased3.3% ($58)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,443 Increased0.9% ($13) Decreased3.1% ($46)
2 Beds $1,703 Decreased1.2% ($21) Decreased3.5% ($62)
3 Beds $2,321 Increased1% ($23) Increased11.3% ($235)
Nearby Cities Average Rent Avg. Rent vs. Paradise ValleyAverage Rent vs. Paradise Valley Avg. Days on MarketAverage Days on Market
Scottsdale $2,091 Increased23.7% ($401) 32 days
Phoenix $1,412 Decreased16.4% ($278) 33 days
Tempe $1,557 Decreased7.9% ($133) 42 days
Glendale $1,373 Decreased18.8% ($317) 28 days
Fountain Hills $1,963 Increased16.2% ($273) 49 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Paradise Valley Rental Market FAQs

Explore rental prices, market conditions, and affordability in Paradise Valley, AZ.

The average rent in Paradise Valley, AZ is $1,690 per month.
In Paradise Valley, the average rent for a 1-bedroom home is $1,443 per month, for a 2-bedroom home, $1,703 per month, and a 3-bedroom home is $2,321 per month.
The average rent in Paradise Valley is 7.1% ($129) lower than the national average of $1,819 per month.
The rental market in Paradise Valley, AZ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $68,120 to comfortably afford a 2-bedroom home in Paradise Valley.
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