Average Rent in Peoria, AZ

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Current Versus Historical Peoria, AZ Rents

Peoria rentals average $3,450 for a studio rental to $2,749 for a 4-bedroom rental. The median price of all currently available listings is $2,773, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $94 (-1.57%) year-over-year from $5,994 to $5,900. 1-bedroom rentals prices have decreased by $338 (-21.30%) year-over-year from $1,588 to $1,250. 2-bedroom rentals prices have increased by $213 (10.74%) year-over-year from $1,987 to $2,200. 3-bedroom rentals prices have decreased by $44 (-1.97%) year-over-year from $2,244 to $2,200. 4-bedroom rentals prices have decreased by $4 (-0.15%) year-over-year from $2,704 to $2,700. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 124.05% this month. 1-bedroom rents have gone down by 5.84% this month. 2-bedroom rents have gone up by 15.89% this month. 3-bedroom rents have gone up by 3.77% this month. 4-bedroom rents have gone up by 2.21% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$0.44	$5,900	$5,994 (-1.57%)	$105,052 (-94.38%)
2 BR	$1.82	$2,200	$1,987 (10.74%)	$1,733 (26.92%)
3 BR	$1.69	$2,200	$2,244 (-1.97%)	$1,823 (20.68%)
4+ BR	$1.28	$2,700	$2,704 (-0.15%)	$2,157 (25.18%)

Historical Rents in Peoria, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Peoria

There are a total of 6 cities nearby Peoria. The average rent in Peoria is currently $2,500 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Surprise, AZ, with an average rent of $2,399, is the most affordable city nearby. In contrast, the most expensive city near Peoria, AZ is Tempe, AZ. Monthly rents here are on average $2,800 per month.

Let's compare Peoria, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Peoria, AZ is 86.23% more expensive than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Peoria, AZ are about 23.05% more expensive. Finally, rent for three bedrooms are about 7.41% more expensive. Want more information? Check out the top 6 cities near Peoria, AZ in the following chart.

City	Studio	1 Bed	2 Bed	All
Surprise, AZ	N/A	$1,800	$2,930	$2,399
Buckeye, AZ	N/A	N/A	$3,500	$2,450
Glendale, AZ	$950	$1,075	$1,700	$2,499
Phoenix, AZ	$1,647	$1,350	$1,995	$2,500
Goodyear, AZ	N/A	N/A	$3,500	$2,700
Tempe, AZ	$1,719	$1,375	$1,600	$2,800

Top Neighborhoods Near Peoria

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Peoria

The average rent for rentals in these counties is $3,000. That's roughly around $2 per sqft. The county that is the most affordable is Maricopa, AZ. It's average rent per month is $3,000. Vice versa, with an average rent of $3,000, Maricopa, AZ is the most expensive county by Peoria, AZ.

Typically, rent for studios in Peoria, AZ is 50.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Peoria, AZ is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Peoria, AZ is 16.48% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Maricopa, AZ	$1,702	$1,600	$2,673	$3,000

Top Zipcodes Near Peoria

There are a total of 6 zipcodes in or near Peoria, AZ. The average rent for all of these zipcodes is $4,493.

The following chart includes the top 6 zipcodes in Peoria, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85254, Phoenix, AZ	N/A	$2,925	$3,023	$5,000
85018, Phoenix, AZ	N/A	$1,600	$3,000	$3,985
85032, Phoenix, AZ	N/A	$1,900	$1,650	$2,425
85253, Paradise Valley, AZ	N/A	$2,700	$3,500	$10,950
85266, Maricopa County, AZ	N/A	N/A	$7,000	$8,000
85383, Peoria, AZ	N/A	N/A	$3,200	$2,875

Frequently Asked Questions - Peoria Average Rents

What is the average rent price in Peoria, AZ?

The average monthly rental price for Peoria, AZ apartments for rent is approximately $2,773. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Peoria, AZ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Peoria, AZ.

How much is a studio apartment in Peoria, AZ?

The average monthly rental price for studio apartments is $3,450 and an average price per square feet of $0.44. There are a total of 2 studio apartment listings currently available for rent in Peoria.

How much is a one bedroom apartment in Peoria, AZ?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in Peoria.

How much is a two bedroom apartment in Peoria, AZ?

The average monthly rental price for two bedroom apartments is $3,200 and an average price per square feet of $1.82. There are a total of 39 two bedroom apartment listings currently available for rent in Peoria.

How have rent prices in Peoria, AZ changed this year?

Rent prices for rentals in Peoria, AZ can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by -0.21%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in Peoria, AZ?

A reasonable rent price in Peoria, AZ is around $2,218/month. You can search for these reasonably priced rental listings on RentHop.