Peoria, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Peoria, Arizona rental market.
Peoria, Arizona
Average Apartment Rent
$1,566
Y-o-Y Change in Average
Apartment Rent
-4.2%
As of June 2026
Compared to a year ago, Peoria, Arizona apartments have recorded a -4.2% rent decrease.
Peoria, Arizona Average apartment rent trend
Peoria, Arizona Average Apartment Rent
Peoria, Arizona Apartment rent ranges
At 45.39%, apartments priced $1,000 - $1,500 represent the bulk of Peoria, Arizona rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.14%.
Peoria, Arizona Housing tenure**
Renters take up 25% of Peoria, Arizona real estate, occupying a total of 17,937 units, while homeowners live in 53,796 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$58,750
Average household size of renter-occupied housing units**
2.5
Rental vacancy rate**
8.6%
Peoria, Arizona Renter-occupied housing units by no. of bedrooms**
There are 6,001 rentals in Peoria, Arizona with 2 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 322 units. Overall, the median number of rooms in Peoria, Arizona homes for rent is 4.5.
Peoria, Arizona Renter-occupied units by age of householder**
Most condos for rent in Peoria, Arizona are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Peoria, Arizona Renter-occupied housing units by family type**
Peoria, Arizona Renter-occupied housing units by the presence of own children**
A total of 10,120 apartments for rent in Peoria, Arizona, or 56% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 6,120 units. All in all, the median size of a renter-occupied household in Peoria, Arizona is 2.5.
Peoria, Arizona Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Peoria, Arizona.
Peoria, Arizona Renter-occupied units by year structure built**
The highest share of Peoria, Arizona apartment rentals, namely 28% or 5,035 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (24%, 4,308 units), and the ones Built 1980 - 1989 (20%, 3,580 units).
Peoria, Arizona Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Peoria, Arizona renters (44%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Peoria, Arizona condos for rent is 2018.
Peoria, Arizona Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Peoria, Arizona renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 12% have No vehicle available.
Peoria, Arizona Means of transportation to work of householders living in renter-occupied housing units**
Peoria, Arizona Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Peoria, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
