Rents are 16% 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 $1,863 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: August 17, 2026
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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 19.0% since 2021, going from about $1,565 per month to roughly $1,863 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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Can you afford rent in Peoria on your salary?
At $1,863/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: August 17, 2026
The median rent in Peoria is $1,863/mo as of August 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 3.2% over the past year.
Frequently asked questions
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Which Peoria neighborhoods have the lowest rent?
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What percentage of Peoria residents rent vs. own?
How does Peoria rent compare to the national average?
At $1,863/mo, rent takes ~23% of Peoria's median household income ($95,815/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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