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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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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
As of June 2026, Paradise Valley's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Paradise Valley's average rent is 12.2% ($201) higher than the Arizona average of $1,647 and 2.8% ($51) higher than the U.S. average of $1,797.
Average Rent
$1,848
Monthly ChangeMonth Over Month Change
1.9% ($35)
Yearly ChangeYear Over Year Change
6.9% ($120)
Avg. Days on MarketAverage Days on Market
24
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,592 | 0.3% ($4) | 17.7% ($239) |
| 2 Beds | $1,851 | 2.8% ($54) | 12.8% ($210) |
| 3 Beds | $2,405 | 8.1% ($181) | 12.3% ($263) |
| Nearby Cities | Average Rent | Avg. Rent vs. Paradise ValleyAverage Rent vs. Paradise Valley | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Scottsdale | $1,965 | 6.3% ($117) | 29 days |
| Phoenix | $1,373 | 25.7% ($475) | 27 days |
| Tempe | $1,509 | 18.3% ($339) | 21 days |
| Glendale | $1,367 | 26% ($481) | 28 days |
| Fountain Hills | $2,065 | 11.7% ($217) | 25 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Paradise Valley Rental Market FAQs
Explore rental prices, market trends, and availability in Paradise Valley, AZ.
The average rent in Paradise Valley, AZ is $1,848 per month.
Houses in Paradise Valley typically rent for between $1,114 and $3,127 per month, with an average of $1,848 per month.
In Paradise Valley, the average rent for a 1-bedroom house is $1,592 per month, for a 2-bedroom house, $1,851 per month, and a 3-bedroom house is $2,405 per month.
The average rent in Paradise Valley is 2.8% ($51) higher than the national average of $1,797 per month.
The average rent in Paradise Valley has decreased by 1.9% ($35) in the last month and increased by 6.9% ($120) over the past year.
The rental market in Paradise Valley, AZ, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Paradise Valley, AZ, the average rental stays on the market for approximately 24 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 21 rental properties available in Paradise Valley, AZ.
Based on the current averages, a household would need an annual income of $74,040 to comfortably afford a 2-bedroom house in Paradise Valley.
