Peoria renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Peoria is about $1,638 per month. This puts it in the 95th percentile compared to the state average cost of rent, which is $1,362. Households in Peoria have a median income of $7,084 per month so the average renter in Peoria is spending roughly 23% of their earnings on housing.
Nationally, and in Peoria, home values are the data point most closely correlated with the cost of rent. The median price of a home in Peoria is $379,267 right now, which is higher than cities nearby, meaning that rents in Peoria also tend to be higher versus these nearby cities.
Higher rent prices are common in the northern parts of Peoria while lower rent rates are often available in southwestern areas.
Nearby Cities
- Sun City, AZ: less expensive rent prices
- Glendale, AZ: less expensive rent prices
- Youngtown, AZ: less expensive rent prices
- El Mirage, AZ: less expensive rent prices
- Sun City West, AZ: more expensive rent prices
- Surprise, AZ: less expensive rent prices
- Luke Afb, AZ: more expensive rent prices
- Litchfield Park, AZ: less expensive rent prices
- Phoenix, AZ: less expensive rent prices
- Waddell, AZ: more expensive rent prices
Cities with Similar Populations
- Cypress, TX: less expensive rent prices
- Allentown, PA: less expensive rent prices
- Canton, OH: less expensive rent prices
- Hayward, CA: more expensive rent prices
- Kissimmee, FL: less expensive rent prices
- Ann Arbor, MI: less expensive rent prices
- Pembroke Pines, FL: more expensive rent prices
- Topeka, KS: less expensive rent prices
- Erie, PA: less expensive rent prices
- Palmdale, CA: more expensive rent prices
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