Rents are 17% below what Peoria's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,851 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Peoria usually run 0.7% below trend in January and 0.7% above it in August, about $26 a month apart at today's median. Based on 11 years of data.
Rent in Peoria is 0.2% below its high of $1,855 in June 2024, at $1,851 as of September 2026.
Rent in Peoria changed +1.4% over the year to September 2026. Across the 45 Arizona cities Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in Peoria rose 42.2% while median household income rose 27.2% ($75,323 to $95,815). Rent outpaced income.
Rent in Peoria is 35.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($95,815) is $2,395 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,270); a 3-bedroom is $3,055.
The priciest of 4 ZIP codes in Peoria, 85383 ($2,343/mo), costs 1.6 times the cheapest, 85381 ($1,475/mo).
Youngtown, 6 miles away, rents for 23% less ($1,429/mo), about $5,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Peoria. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Peoria, AZ has changed in 5 years
Rent in Peoria, AZ has increased 18.8% since 2021, going from about $1,558 per month to roughly $1,851 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.
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At $1,851/mo, how Peoria rent compares to typical pay (30% rule).
Peoria rent by bedroom count
Median rent for each apartment size in Peoria. Click any size for full breakdown.
Tips for renters in Peoria
Last updated: October 17, 2026
The median rent in Peoria is $1,851/mo as of October 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 1.4% over the past year.
Frequently asked questions
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How does Peoria rent compare to other cities in Arizona?
At $1,851/mo, rent takes ~23% of Peoria's median household income ($95,815/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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