Peoria, AZ Rental Market Trends
Highlights
The average rent for an apartment in Peoria is $1,241, a 7% increase compared to the previous year.
Average Rent in Peoria, AZ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,241 | 7% | 923 sq. ft. |
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
- $501-$7001%
- $701-$1,00010%
- $1,001-$1,50073%
- $1,501-$2,00015%
Peoria, AZ Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
16,769 or 28% of the households in Peoria, AZ are renter-occupied while 41,432 or 71% are owner-occupied.
Peoria, AZ Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Peoria, AZ | $965 | $994 | $1,002 | $1,029 | $1,062 | $1,102 | $1,139 | $1,157 | $1,182 | $1,207 | $1,241 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Peoria, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westgreen Estates | $1,118 |
| Garden Point | $1,118 |
| Foxfire | $1,118 |
| Country Meadows | $1,118 |
| Sky View Place | $1,172 |
| Thunderbird North | $1,273 |
| Desert Harbor | $1,273 |
| Las Brisas Pointe | $1,311 |
| Crown Point | $1,311 |
| Westbrook Village | $1,339 |
| Shores at Ventana Lakes | $1,339 |
| Countrybrook Meadows | $1,339 |
| Arrowhead Shores | $1,339 |
| Fletcher Heights | $1,359 |
| Alta Vista Estates | $1,359 |
| Westwing Mountain | $1,463 |
| Vistancia | $1,463 |
| Tierra del Rio | $1,463 |
| Terramar | $1,463 |
The most affordable neighborhoods in Peoria are Country Meadows, where the average rent goes for $1,118/month, Foxfire, where renters pay $1,118/mo on average, and Garden Point, where the average rent goes for $1,118/mo. If you’re looking for other great deals, check out the listings from Westgreen Estates ($1,118), Sky View Place ($1,172), and Desert Harbor ($1,273), where the asking prices are below the average Peoria rent of $1,241/mo.
The most expensive neighborhoods in Peoria are Tierra del Rio ($1,463), Vistancia ($1,463) and Westwing Mountain ($1,463).
The most popular neighborhood in Peoria is Westgreen Estates, where there are 7 verified RENTCafé listings with an average rent of $1,118. Next up is Arrowhead Shores, where apartments go for $1,339/month, followed by Country Meadows with $1,118 If you’re looking to rent in Peoria’s most popular neighborhoods, make sure to also check out Garden Point, where renters pay $1,118 on average, and Thunderbird North, where the average monthly rent is $1,273.
Peoria | Rent Comparison by Neighborhood
Rent in Alta Vista Estates is 2% higher than in Arrowhead Shores
Alta Vista Estates rent is 10% higher than Peoria average
| Average Rent | $1,359 |
|---|
Arrowhead Shores rent is 8% higher than Peoria average
| Average Rent | $1,339 |
|---|
How Peoria Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,141 | 10% |
| Tucson | $921 | 6% |
| Mesa | $1,098 | 9% |
| Tempe | $1,419 | 6% |
| Glendale | $1,045 | 9% |
| Scottsdale | $1,598 | 8% |
| Avondale | $1,222 | 12% |
| Chandler | $1,390 | 8% |
| Peoria | $1,241 | 7% |
| Gilbert | $1,338 | 8% |
| Surprise | $1,308 | 11% |
For more information about the Peoria rental trends, check out our monthly rent report
Check out Arizona Cities, Arizona Neighborhoods and Arizona Zip Codes for more details on verified listings, including the Arizona Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!