Cortland at P83
16601 N 75th Ave,
Peoria, AZ 85382
Studio - 3 Beds | $1,276 - $2,024
Rental Market Trends in Peoria, AZ
What is the average rent in Peoria, AZ?
$1,394/month
Average Rent
738 Sq Ft
Average Apartment Size
-5.1%
Decrease in the Last Year
As of December 2024, the average rent in Peoria, AZ is $1,394 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Peoria rent prices are 11% lower than the national average. When you rent an apartment in Peoria, you can expect to pay about $1,249 per month for a studio, $1,394 for a one-bedroom apartment, and around $1,642 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,258 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Peoria, AZ?
In the past year, rent has decreased by 5.1%, which averages out to $71 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Peoria, AZ
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
35%
$1,001 - $1,500/month
51%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Peoria?
Based on current rent prices, Lake Pleasant and North Peoria" are the most affordable neighborhoods in Peoria.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Peoria?
Based on current rent prices, North Peoria and Lake Pleasant" are the most expensive neighborhoods in Peoria.
Neighborhood
Average Rent
Average Sq Ft
Which Peoria neighborhoods have the most rentals available?
The neighborhoods in Peoria with the most apartments available are North Peoria and Lake Pleasant" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Peoria, AZ?
Because the average rent in Peoria is $1,394, you’ll want to make about $4,646 per month or $55,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Peoria, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Peoria, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,314/month
-
One Bedroom
$1,443/month
$1,477/month
Two Bedroom
$1,829/month
$1,683/month
Three Bedroom
$2,044/month
$2,348/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.