155 Cheap Apartments for rent in Peoria, AZ

Last updated March 18 at 9:45am UTC
Results within 1 miles of Peoria, AZ
The Pavilions
7400 W Arrowhead Clubhouse Dr
Glendale, AZ
Updated March 18 at 2:54am UTC
1 Bedroom
2 Bedrooms
Olive Tree Apartments
6201 W Olive Ave
Glendale, AZ
Updated March 18 at 8:12am UTC
1 Bedroom
2 Bedrooms
Results within 5 miles of Peoria, AZ
13208 N 98TH Avenue
Sun City
Sun City, AZ
Updated March 2 at 10:47am UTC
2 Bedrooms
West Becker Lane
Peoria, AZ
Updated March 2 at 8:29am UTC
2 Bedrooms
North Boswell Boulevard
Sun City
Sun City, AZ
Updated March 14 at 7:27am UTC
1 Bedroom
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March 2018 Peoria Rent Report

Welcome to the March 2018 Peoria Rent Report. Peoria rents increased over the past month. In this report, we'll evaluate trends in the Peoria rental market, including comparisons to cities throughout the metro, state, and nation.

View full Peoria Rent Report
Rent Report

March 2018 Peoria Rent Report

Welcome to the March 2018 Peoria Rent Report. Peoria rents increased over the past month. In this report, we'll evaluate trends in the Peoria rental market, including comparisons to cities throughout the metro, state, and nation.

Peoria rents increased significantly over the past month

Peoria rents have increased 0.5% over the past month, and have increased significantly by 5.3% in comparison to the same time last year. Currently, median rents in Peoria stand at $1,100 for a one-bedroom apartment and $1,370 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in November of last year. Peoria's year-over-year rent growth leads the state average of 3.4%, as well as the national average of 2.3%.

Rents rising across the Phoenix Metro

Throughout the past year, rent increases have been occurring not just in the city of Peoria, but across the entire metro. Of the largest 10 cities that we have data for in the Phoenix metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Gilbert has seen rents fall by 1.3% over the past month, the biggest drop in the metro. It's also the most expensive city in the Phoenix metro with a two-bedroom median of $1,400.
  • Mesa has seen the fastest rent growth in the metro, with a year-over-year increase of 5.6%. The median two-bedroom there costs $1,050, while one-bedrooms go for $840.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,030; rents increased 3.3% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Peoria

As rents have increased significantly in Peoria, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Peoria is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Arizona as a whole logging rent growth of 3.4% over the past year. For example, rents have grown by 3.3% in Tucson.
  • Peoria's median two-bedroom rent of $1,370 is above the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 5.3% increase in Peoria.
  • While Peoria's rents rose significantly over the past year, many cities nationwide also saw increases, including Las Vegas (+5.0%), Los Angeles (+3.8%), and Albuquerque (+2.8%).
  • Renters will generally find more expensive prices in Peoria than most large cities. For example, Albuquerque has a median 2BR rent of $860, where Peoria is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Phoenix $820 $1,030 0.3% 3.3%
Mesa $840 $1,050 0.3% 5.6%
Chandler $1,050 $1,310 -0.7% 4.3%
Glendale $880 $1,100 0.7% 4.0%
Scottsdale $1,020 $1,280 0.6% 2.4%
Gilbert $1,120 $1,400 -1.3% 5.1%
Tempe $910 $1,130 0.0% 3.6%
Peoria $1,100 $1,370 0.5% 5.3%
Surprise $1,070 $1,340 0.6% 0.9%
Avondale $970 $1,210 -0.1% 1.9%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.


Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.