ZIP Code · AZ

ZIP 85383

Part of Peoria, AZ

Pop. 74,390·Maricopa County·15th most expensive ZIP in Arizona

Median rent (all units)

$2,343/mo

Year-over-Year

-1.8%

Month-over-Month

-0.2%

vs US Median

+$411

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 85383 · $2,343

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

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Medians by bedroom

Rent by unit size

Studio

$2,120

1 BR

$2,300

2 BR

$2,670

3 BR

$3,560

4 BR+

$3,950

Research median

$2,670/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 85383 usually run 0.3% below trend in February and 0.5% above it in August, about $19 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 85383 is 3.4% below its high of $2,426 in December 2024, at $2,343 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85383 changed -1.8% 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 85383 rose 43.4% while median household income rose 26.7% ($114,830 to $145,546). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85383 is 36.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($145,546) is $3,639 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,560); a 4-bedroom is $3,950.

Rank in Peoria

4th cheapest of 4 ZIP codes in Peoria.

Cheaper nearby

ZIP 85373, 10 miles away, rents for 12% less ($2,068/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85383. 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

$28,116/yr

At $2,343/mo median

Location

CityPeoria

StateAZ

CountyMaricopa County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.8% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.8% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 85383 (Peoria, AZ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 50.9% of residents hold a bachelor's degree or higher.

Population

74,390

Median income

$145,546

Median age

40.4

Renters

9.3%

Age distribution

28.9%

12.7%

29.8%

13.3%

15.3%

Under 1828.9%

18–3412.7%

35–5429.8%

55–6413.3%

65+15.3%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

76.9%

White76.9%

Black2.5%

Hispanic10.4%

Asian7.3%

Other2.8%

Education (25+)

13.8%

31.8%

50.9%

No HS diploma3.5%

HS diploma13.8%

Some college31.8%

Bachelor's+50.9%

Housing tenure

90.7%

Owner90.7%

Renter9.3%

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

2021 vs 2026

How ZIP 85383 in Peoria, AZ has changed in 5 years

Rent

$2,046 → $2,343

up 14.5%

Income

$125,200 → $145,546

up 16.3%

Population

66,707 → 74,390

up 11.5%

Renter share

8% → 9.3%

+1.3 pts

Bachelor's+

49.2% → 50.9%

+1.7 pts

Median age

39.9 → 40.4

+0.5 yrs

Compared with 2021, rent in ZIP 85383 in Peoria, AZ has climbed by $297 per month, settling near $2,343 after starting the period at $2,046. Census figures show median household income at $145,546 today, compared with $125,200 five years earlier. Headcount in the area went from 66,707 to 74,390 between 2021 and 2024, a 11.5% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 85383

Last updated: October 17, 2026

ZIP code 85383 covers Peoria, AZ. The median rent here is $2,343/mo as of October 2026. A 1-bedroom rents for a median of $2,300/mo. A 2-bedroom rents for a median of $2,670/mo.

At 19% of local median household income ($145,546/yr), ZIP 85383 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85383?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,343/mo in ZIP 85383. The local median household income is $145,546/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85383?

Rent in ZIP 85383 has fallen 1.8% over the past year as of September 2026. It sits 3.4% below its high of $2,426 in December 2024.

When is the cheapest time to rent in ZIP 85383?

Asking rents in ZIP 85383 are usually lowest in February, about 0.3% below their yearly trend, and highest in August, about 0.5% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 85383?

Yes. From 2019 to 2024, rent in ZIP 85383 rose 43.4% while median household income rose 26.7%, from $114,830 to $145,546. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85383 compare to other ZIPs in Arizona?

ZIP 85383 is one of the pricier among Arizona ZIP codes for rent, ranking #15 of 183 at $2,343/mo. Over the year to September 2026, rent in ZIP 85383 changed -1.8%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.