Peoria, AZ Rental Market Trends
What is the average rent in Peoria?
The average rent for an apartment in Peoria is $1,410, a 15% increase compared to the previous year.
Average Rent in Peoria, AZ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,410 | 15% | 923 sq. ft. |
What is the average apartment size in Peoria?
The average size for a Peoria, AZ apartment is 923 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Peoria, AZ Apartment Rent Ranges
- $701-$1,0004%
- $1,001-$1,50061%
- $1,501-$2,00033%
- > $2,0002%
Peoria, AZ Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
16,729 or 28% of the households in Peoria, AZ are renter-occupied while 42,930 or 71% are owner-occupied.
Peoria, AZ Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Peoria, AZ | $1,062 | $1,102 | $1,139 | $1,157 | $1,182 | $1,207 | $1,250 | $1,227 | $1,311 | $1,381 | $1,410 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Peoria, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Ironwood | $1,597 |
| Sonoran Mountain Ranch | $1,597 |
| Terramar | $1,597 |
| Tierra del Rio | $1,597 |
| Vistancia | $1,597 |
| Westwing Mountain | $1,597 |
| Alta Vista Estates | $1,501 |
| Fletcher Heights | $1,501 |
| Arrowhead Shores | $1,474 |
| Countrybrook Meadows | $1,474 |
| Shores at Ventana Lakes | $1,474 |
| Westbrook Village | $1,474 |
| Crown Point | $1,450 |
| Las Brisas Pointe | $1,450 |
| Desert Harbor | $1,408 |
| Thunderbird North | $1,408 |
| Sky View Place | $1,273 |
| Country Meadows | $1,220 |
| Foxfire | $1,220 |
| Garden Point | $1,220 |
| Westgreen Estates | $1,220 |
What are the most affordable neighborhoods in Peoria?
The most affordable neighborhoods in Peoria are Country Meadows, where the average rent goes for $1,220/month, Foxfire, where renters pay $1,220/mo on average, and Garden Point, where the average rent goes for $1,220/mo. If you’re looking for other great deals, check out the listings from Westgreen Estates ($1,220), Sky View Place ($1,273), and Desert Harbor ($1,408), where the asking prices are below the average Peoria rent of $1,410/mo.
What are the most expensive neighborhoods in Peoria?
The most expensive neighborhoods in Peoria are Tierra del Rio ($1,597), Vistancia ($1,597) and Westwing Mountain ($1,597).
What are the most popular neighborhoods in Peoria?
The most popular neighborhood in Peoria is Foxfire, where there are 12 verified RENTCafé listings with an average rent of $1,220. Next up is Westgreen Estates, where apartments go for $1,220/month, followed by Country Meadows with $1,220 If you’re looking to rent in Peoria’s most popular neighborhoods, make sure to also check out Thunderbird North, where renters pay $1,408 on average, and Garden Point, where the average monthly rent is $1,220.
Peoria | Rent Comparison by Neighborhood
Rent in Alta Vista Estates is 2% higher than in Arrowhead Shores
Alta Vista Estates rent is 6% higher than Peoria average
| Average Rent | $1,501 |
|---|
Arrowhead Shores rent is 5% higher than Peoria average
| Average Rent | $1,474 |
|---|
How Peoria Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,252 | 10% |
| Glendale | $1,180 | 13% |
| Mesa | $1,223 | 10% |
| Tucson | $1,009 | 10% |
| Tempe | $1,566 | 9% |
| Chandler | $1,508 | 12% |
| Avondale | $1,371 | 12% |
| Peoria | $1,410 | 15% |
| Scottsdale | $1,706 | 10% |
| Surprise | $1,525 | 17% |
| Goodyear | $1,450 | 14% |