Paradise Valley renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Paradise Valley is about $1,647 per month. This puts it in the 85th percentile compared to the city average cost of rent, which is $1,482. Households in Paradise Valley have a median income of $6,547 per month so the average renter in Paradise Valley is spending roughly 25% of their earnings on housing.
Nationally, and in Paradise Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Paradise Valley is $436,093 right now, which is higher than neighborhoods nearby, meaning that rents in Paradise Valley also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Paradise Valley while lower rent rates are often available in western areas.
Nearby Neighborhoods
- North Scottsdale, Scottsdale, AZ: more expensive rent prices
- North Mountain, Phoenix, AZ: less expensive rent prices
- Desert View, Cave Creek, AZ: more expensive rent prices
- Deer Valley, Phoenix, AZ: less expensive rent prices
- Camelback East, Phoenix, AZ: less expensive rent prices
- Alahambra, Phoenix, AZ: less expensive rent prices
- South Scottsdale, Scottsdale, AZ: less expensive rent prices
- Desert Hills, Cave Creek, AZ: more expensive rent prices
- Encanto, Phoenix, AZ: less expensive rent prices
- Ntna-College, Tempe, AZ: less expensive rent prices
Neighborhoods with Similar Populations
- Deer Valley, Phoenix, AZ: less expensive rent prices
- North Mountain, Phoenix, AZ: less expensive rent prices
- Washington Heights, New York, NY: less expensive rent prices
- Far North Dallas, Dallas, TX: less expensive rent prices
- Mid Wilshire, Los Angeles, CA: less expensive rent prices
- Upper East Side, New York, NY: more expensive rent prices
- Powers, Colorado Springs, CO: more expensive rent prices
- Jamaica, New York, NY: more expensive rent prices
- East Brooklyn, Brooklyn, NY: less expensive rent prices
- Southeast Los Angeles, Los Angeles, CA: less expensive rent prices
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