ZIP Code · AZ

ZIP 85381

Part of Peoria, AZ

Pop. 27,650·Maricopa County·136th most expensive ZIP in Arizona

Median rent (all units)

$1,475/mo

Year-over-Year

+2.9%

Month-over-Month

+1.0%

vs US Median

-$457

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 85381 · $1,475

More affordable than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,083

1 BR

$1,176

2 BR

$1,362

3 BR

$1,814

4 BR+

$2,014

Research median

$1,362/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

January. Asking rents in ZIP 85381 usually run 0.8% below trend in January and 0.7% above it in October, about $22 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 85381 is 2.1% below its high of $1,506 in April 2022, at $1,475 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85381 changed +2.9% 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 85381 rose 40.8% while median household income rose 25.5% ($77,068 to $96,746). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85381 is 31.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($96,746) is $2,419 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,900); a 3-bedroom is $2,530.

Rank in Peoria

1st cheapest of 4 ZIP codes in Peoria.

Cheaper nearby

ZIP 85301, 6 miles away, rents for 21% less ($1,166/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85381. 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

$17,700/yr

At $1,475/mo median

Location

CityPeoria

StateAZ

CountyMaricopa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 85381 (Peoria, AZ) is majority owner-occupied, has a median income above the national average, 34.4% of residents hold a bachelor's degree or higher.

Population

27,650

Median income

$96,746

Median age

42.4

Renters

33.6%

Age distribution

18.5%

22%

24.4%

15.4%

19.7%

Under 1818.5%

18–3422%

35–5424.4%

55–6415.4%

65+19.7%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

72.6%

23.7%

White72.6%

Black3.1%

Hispanic23.7%

Asian2.9%

Education (25+)

19.3%

38.4%

34.4%

No HS diploma7.9%

HS diploma19.3%

Some college38.4%

Bachelor's+34.4%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 85381 in Peoria, AZ has changed in 5 years

Rent

$1,237 → $1,475

up 19.2%

Income

$79,665 → $96,746

up 21.4%

Population

26,385 → 27,650

up 4.8%

Renter share

34.4% → 33.6%

-0.8 pts

Bachelor's+

32.9% → 34.4%

+1.5 pts

Median age

41.8 → 42.4

+0.6 yrs

Since 2021, the typical rent in ZIP 85381 in Peoria, AZ has climbed from $1,237 to $1,475, a 19.2% change over five years. On the earnings side, the typical household in ZIP 85381 in Peoria, AZ now reports about $96,746, up from $79,665 in 2021. The population has grown by 4.8% since 2021, moving from about 26,385 residents to roughly 27,650. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 85381 in Peoria, AZ reflects that arc in its own way.

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About renting in ZIP 85381

Last updated: October 17, 2026

ZIP code 85381 covers Peoria, AZ. The median rent here is $1,475/mo as of October 2026. A 1-bedroom rents for a median of $1,176/mo. A 2-bedroom rents for a median of $1,362/mo.

At 18% of local median household income ($96,746/yr), ZIP 85381 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85381?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,475/mo in ZIP 85381. The local median household income is $96,746/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85381?

Rent in ZIP 85381 has risen 2.9% over the past year as of September 2026. It sits 2.1% below its high of $1,506 in April 2022.

When is the cheapest time to rent in ZIP 85381?

Asking rents in ZIP 85381 are usually lowest in January, about 0.8% below their yearly trend, and highest in October, about 0.7% above it. At today's median that is a gap of roughly $22 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 85381?

Yes. From 2019 to 2024, rent in ZIP 85381 rose 40.8% while median household income rose 25.5%, from $77,068 to $96,746. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85381 compare to other ZIPs in Arizona?

ZIP 85381 is one of the more affordable among Arizona ZIP codes for rent, ranking #136 of 183 at $1,475/mo. Over the year to September 2026, rent in ZIP 85381 changed +2.9%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.