Peoria, AZ Rental Market Trends

Highlights

The average rent for an apartment in Peoria is $1,062, a 6% increase compared to the previous year, when the average rent was $1,001.

Studio apartments in Peoria rent for $820 a month, while 1-bedroom apartments ask on average $942 a month; the average rent for a 2-bedroom apartment is $1,114.

Average Rent in Peoria, AZ

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,062 $820 $942 $1,114 $1,370
Y-o-Y Change 6% 10% 3% 8% 7%
Average Apartment Size 978 sq. ft. 522 sq. ft. 773 sq. ft. 1,032 sq. ft. 1,307 sq. ft.

The average size for a Peoria apartment is 978 square feet, but this number varies greatly depending on apartment type. A studio averages 522 sq. ft., while a one-bedroom apartment offers a more generous square footage: 773. 2-bedroom apartments in Peoria have an average size of 1,032 sq. ft.

Peoria, AZ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $1,062 $820 $942 $1,114 $1,370
Jan / 2018 $1,062 $820 $941 $1,114 $1,370
Sept / 2017 $1,027 $812 $926 $1,060 $1,310
May / 2017 $1,001 $745 $911 $1,030 $1,285
Jan / 2017 $993 $820 $891 $1,031 $1,261
Sept / 2016 $965 $806 $873 $1,015 $1,217
May / 2016 $950 $752 $872 $990 $1,197
Jan / 2016 $919 $714 $829 $971 $1,149
Sept / 2015 $914 $712 $826 $963 $1,155
May / 2015 $876 $696 $793 $924 $1,091
/

Average Rent in Peoria, AZ By Neighborhood

Sky View Place
$977
Country Meadows
$948
Foxfire
$948
Garden Point
$948
Peoria Industrial Park
$948
Westgreen Estates
$948

The most affordable neighborhoods in Peoria are Country Meadows, where the average rent goes for $948/month, Foxfire, where renters pay $948/mo on average, and Garden Point, where the average rent goes for $948/mo. If you’re looking for other great deals, check out the listings from Peoria Industrial Park ($948), Westgreen Estates ($948), and Sky View Place ($977), where the asking prices are below the average Peoria rent of $1,062/mo.

The most expensive neighborhoods in Peoria are Peoria Industrial Park ($948), Westgreen Estates ($948) and Sky View Place ($977).

Peoria | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Country Meadows is the same as in Foxfire

$948

Country Meadows rent is 11% lower than Peoria average

All rentals $948
Studio $820
1 Bed $859
2 Beds $981
3 Beds $1,207
$948

Foxfire rent is 11% lower than Peoria average

All rentals $948
Studio $820
1 Bed $859
2 Beds $981
3 Beds $1,207

How Does Peoria Compare to Nearby Cities

Average Rent Y-o-Y Change
Phoenix $956 3%
Glendale $866 2%
Tempe $1,258 3%
Mesa $912 1%
Buckeye $1,102 -2%
Surprise $1,114 6%
Chandler $1,162 4%
Avondale $1,011 0%
Scottsdale $1,359 4%
Gilbert $1,149 4%
Peoria $1,062 6%

For more information about the Peoria rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Peoria apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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