Peoria, AZ Rental Market Trends
Highlights
The average rent for an apartment in Peoria is $1,214, a 6% increase compared to the previous year.
Average Rent in Peoria, AZ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,214 | 6% | 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
- $701-$1,00017%
- $1,001-$1,50072%
- $1,501-$2,00011%
Peoria, AZ Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
16,545 or 28% of the households in Peoria, AZ are renter-occupied while 40,852 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 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Peoria, AZ | $965 | $994 | $1,002 | $1,029 | $1,062 | $1,102 | $1,139 | $1,157 | $1,182 | $1,207 | $1,214 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Peoria, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westgreen Estates | $1,082 |
| Garden Point | $1,082 |
| Country Meadows | $1,082 |
| Sky View Place | $1,149 |
| Thunderbird North | $1,270 |
| Countrybrook Meadows | $1,311 |
| Arrowhead Shores | $1,311 |
| Alta Vista Estates | $1,322 |
| Tierra del Rio | $1,377 |
The most affordable neighborhoods in Peoria are Country Meadows, where the average rent goes for $1,082/month, Garden Point, where renters pay $1,082/mo on average, and Westgreen Estates, where the average rent goes for $1,082/mo. If you’re looking for other great deals, check out the listings from Sky View Place ($1,149), Thunderbird North ($1,270), and Arrowhead Shores ($1,311), where the asking prices are below the average Peoria rent of $1,214/mo.
The most expensive neighborhoods in Peoria are Countrybrook Meadows ($1,311), Alta Vista Estates ($1,322) and Tierra del Rio ($1,377).
The most popular neighborhood in Peoria is Country Meadows, where there are 6 verified RENTCafé listings with an average rent of $1,082. Next up is Garden Point, where apartments go for $1,082/month, followed by Westgreen Estates with $1,082 If you’re looking to rent in Peoria’s most popular neighborhoods, make sure to also check out Arrowhead Shores, where renters pay $1,311 on average, and Thunderbird North, where the average monthly rent is $1,270.
Peoria | Rent Comparison by Neighborhood
Rent in Alta Vista Estates is 1% higher than in Arrowhead Shores
Alta Vista Estates rent is 9% higher than Peoria average
| Average Rent | $1,322 |
|---|
Arrowhead Shores rent is 8% higher than Peoria average
| Average Rent | $1,311 |
|---|
How Peoria Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,123 | 10% |
| Tucson | $906 | 6% |
| Mesa | $1,094 | 10% |
| Glendale | $1,026 | 8% |
| Tempe | $1,435 | 9% |
| Scottsdale | $1,560 | 6% |
| Buckeye | $1,035 | 8% |
| Surprise | $1,292 | 6% |
| Peoria | $1,214 | 6% |
| Goodyear | $1,236 | 5% |
| Avondale | $1,213 | 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!