ZIP Code · AZ

ZIP 85345

Part of Peoria, AZ

Pop. 60,918·Maricopa County·78th most expensive ZIP in Arizona

Median rent (all units)

$1,814/mo

Year-over-Year

+2.4%

Month-over-Month

+0.7%

vs US Median

-$118

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 85345 · $1,814

More expensive than 50% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,420

1 BR

$1,540

2 BR

$1,790

3 BR

$2,390

4 BR+

$2,650

Research median

$1,790/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 85345 usually run 1.1% below trend in February and 1.1% above it in August, about $40 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 85345 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Arizona

Rent in ZIP 85345 changed +2.4% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 85345 rose 47.6% while median household income rose 26.2% ($53,383 to $67,380). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85345 is 42.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($67,380) is $1,685 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,540); a 2-bedroom is $1,790.

Rank in Peoria

2nd cheapest of 4 ZIP codes in Peoria.

Cheaper nearby

ZIP 85381, 3 miles away, rents for 19% less ($1,475/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85345. 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.

Annual cost

$21,768/yr

At $1,814/mo median

Location

CityPeoria

StateAZ

CountyMaricopa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 85345 (Peoria, AZ) is majority owner-occupied, 19.2% of residents hold a bachelor's degree or higher.

Population

60,918

Median income

$67,380

Median age

36.7

Renters

33.5%

Age distribution

22.1%

25.2%

23.1%

13.7%

16%

Under 1822.1%

18–3425.2%

35–5423.1%

55–6413.7%

65+16%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

58.6%

36.1%

White58.6%

Black5.2%

Hispanic36.1%

Asian4.5%

Education (25+)

13.8%

33.9%

33.1%

19.2%

No HS diploma13.8%

HS diploma33.9%

Some college33.1%

Bachelor's+19.2%

Housing tenure

66.5%

33.5%

Owner66.5%

Renter33.5%

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

2021 vs 2026

How ZIP 85345 in Peoria, AZ has changed in 5 years

Rent

$1,470 → $1,814

up 23.4%

Income

$55,806 → $67,380

up 20.7%

Population

59,631 → 60,918

up 2.2%

Renter share

34.3% → 33.5%

-0.8 pts

Bachelor's+

17.5% → 19.2%

+1.7 pts

Median age

37.2 → 36.7

-0.5 yrs

Since 2021, the typical rent in ZIP 85345 in Peoria, AZ has climbed from $1,470 to $1,814, a 23.4% change over five years. Median household income rose from $55,806 to $67,380 between 2021 and 2024, a 20.7% shift. The population has grown by 2.2% since 2021, moving from about 59,631 residents to roughly 60,918. Taken together, the five-year picture in ZIP 85345 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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About renting in ZIP 85345

Last updated: October 17, 2026

ZIP code 85345 covers Peoria, AZ. The median rent here is $1,814/mo as of October 2026. A 1-bedroom rents for a median of $1,540/mo. A 2-bedroom rents for a median of $1,790/mo.

At 32% of local median household income ($67,380/yr), ZIP 85345 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85345?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,814/mo in ZIP 85345. The local median household income is $67,380/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 85345?

Rent in ZIP 85345 has risen 2.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 85345?

Asking rents in ZIP 85345 are usually lowest in February, about 1.1% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 85345?

Yes. From 2019 to 2024, rent in ZIP 85345 rose 47.6% while median household income rose 26.2%, from $53,383 to $67,380. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85345 compare to other ZIPs in Arizona?

ZIP 85345 is in the middle among Arizona ZIP codes for rent, ranking #78 of 183 at $1,814/mo. Over the year to September 2026, rent in ZIP 85345 changed +2.4%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.