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City Report · AZ

Peoria

Pop. 196,906·23rd most expensive in Arizona·Rental market data updated monthly for Peoria, AZ
Median rent (all units)
$1,876/mo
Year-over-Year
+4.0%
Month-over-Month
+1.2%
vs US Median
-$89
Rising (Monthly)
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Most AffordableMost Expensive
Peoria · $1,876
More expensive than 51% of US cities · National median $1,965/mo
Rent Reality Score
81/100
Great value
OverheatedFairGreat value

Rents are 15% below what Peoria's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,876/mo
Expected by trend
$2,215/mo
The Rent Reality Score compares today's median rent to where Peoria's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,780
1 BR
$1,953
2 BR
$2,270
3 BR
$3,055
4 BR+
$3,418
Research median
$2,270/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,512/yr
At $1,876/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.0% YoY, +1.2% MoM), not inventory.
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Demographics

Who lives here

Peoria, AZ is majority owner-occupied, has a median income above the national average, 36.3% of residents hold a bachelor's degree or higher.

Population
196,906
Median income
$95,815
Median age
41.7
Renters
24%
Age distribution
22.7%
18.3%
25.6%
13.8%
19.6%
Under 1822.7%
18–3418.3%
35–5425.6%
55–6413.8%
65+19.6%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
70.3%
20.7%
White70.3%
Black3.4%
Hispanic20.7%
Asian5.4%
Education (25+)
22.5%
33.5%
36.3%
No HS diploma7.8%
HS diploma22.5%
Some college33.5%
Bachelor's+36.3%
Housing tenure
76%
24%
Owner76%
Renter24%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Peoria, AZ has changed in 5 years

Rent
$1,565 → $1,876
up 19.9%
Income
$81,017 → $95,815
up 18.3%
Population
187,733 → 196,906
up 4.9%
Renter share
25% → 24%
-1.0 pts
Bachelor's+
34.8% → 36.3%
+1.5 pts
Median age
40.8 → 41.7
+0.9 yrs

Rent in Peoria, AZ has increased 19.9% since 2021, going from about $1,565 per month to roughly $1,876 today. Median household income grew from $81,017 to $95,815 between 2021 and 2024, a 18.3% shift. Headcount in the area went from 187,733 to 196,906 between 2021 and 2024, a 4.9% change. Taken together, the five-year picture in Peoria, AZ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Peoria rent history (2015–2026) →
Salary vs rent

Can you afford rent in Peoria on your salary?

At $1,876/mo, how Peoria rent compares to typical pay (30% rule).

By apartment size

Peoria rent by bedroom count

Median rent for each apartment size in Peoria. Click any size for full breakdown.

Local insights

Tips for renters in Peoria

About renting in Peoria, AZ

Last updated: July 20, 2026

The median rent in Peoria is $1,876/mo as of July 2026. A studio apartment averages $1,780/mo while a 2-bedroom runs $2,270/mo. One-bedroom apartments average $1,953/mo and 3-bedroom units go for $3,055/mo.

At 23% of local median household income ($95,815/yr), Peoria ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

Is Peoria an affordable city for renters?

Peoria is considered very affordable for renters. At $1,876/mo, rent takes approximately 23% of the local median household income ($95,815/yr). The standard benchmark is 30%. Peoria falls comfortably within that range.

How much income do you need to rent in Peoria?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,876/mo in Peoria. The local median household income is $95,815/yr, meaning the typical Peoria household meets that threshold.

Is rent going up or down in Peoria?

Rent in Peoria has increased 4.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Peoria neighborhoods have the lowest rent?

The most affordable ZIP codes in Peoria are 85381 ($1,480/mo), 85382 ($1,800/mo), and 85345 ($1,857/mo). Citywide, the median rent in Peoria is $1,876/mo.

How does Peoria rent compare to other cities in Arizona?

Peoria is middle-of-the-pack for Arizona for rent, ranking #23 out of 51 tracked cities at $1,876/mo.

Which nearby cities are cheaper to rent in than Peoria?

Several nearby cities have lower median rents than Peoria ($1,876/mo): Youngtown ($1,417/mo), Glendale ($1,524/mo), Sun City ($1,737/mo).

What percentage of Peoria residents rent vs. own?

According to Census data, approximately 24% of Peoria households are renters, while 76% are owner-occupied. Peoria leans toward homeownership, which can mean a smaller rental inventory.

How does Peoria rent compare to the national average?

Peoria's median rent of $1,876/mo is $89 (5%) below the US national median of $1,965/mo. Within Arizona, it ranks #23 out of 51 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,876/mo, rent takes ~23% of Peoria's median household income ($95,815/yr). The standard benchmark is 30%.

Peoria 23%Benchmark 30%
State income tax2.5%
Run the Peoria affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Peoria, AZ

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