Moderne Apartments
4848 N Goldwater Blvd,
Scottsdale, AZ 85251
1-3 Beds | $1,770 - $2,800
Rental Market Trends in Paradise Valley, AZ
What is the average rent in Paradise Valley, AZ?
$2,400/month
Average Rent
547 Sq Ft
Average Apartment Size
+46.6%
Increase in the Last Year
As of February 2025, the average rent in Paradise Valley, AZ is $2,400 per month. This is 54% higher than the national average rent price of $1,555/month, making Paradise Valley one of the most expensive cities in the US. When you rent an apartment in Paradise Valley, you can expect to pay about per month for a studio, $2,400 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Paradise Valley, AZ?
In the past year, rent has increased by 46.6%, which averages out to $1,118 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Paradise Valley, AZ
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Paradise Valley, AZ?
Because the average rent in Paradise Valley is $2,400, you’ll want to make about $8,000 per month or $96,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Paradise Valley, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Paradise Valley, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.