Peoria, AZ Rental Market
Peoria is a rapidly growing West Valley suburb known for its high quality of life, highly-rated schools, and excellent recreational amenities including Lake Pleasant Regional Park. The city hosts spring training facilities for the San Diego Padres and Seattle Mariners at Peoria Sports Complex, adding a seasonal economic boost. Growing commercial development along the Loop 101 corridor and a family-oriented reputation attract middle- and upper-middle-income tenants who prefer the West Valley's newer, more spacious housing stock.
Get a rent estimate for an address in PeoriaAverage Rent in Peoria, AZ
$1,580
per month · 2026-06
Market Score
Key Facts — Peoria, AZ Rental Market
- Average rent in Peoria, AZ:$1,580/mo
- Median rent:$1,454/mo
- Rent range:$800 – $3,500/mo
- Most common rental (2 bedrooms):$1,400/mo
- Active listings:980
- Avg days to lease:27 days
- Year-over-year change:+3.5%
- Median home value:$360,000
- Est. gross annual yield:5.3%
- Data as of:2026-06
Rent by Bedroom in Peoria, AZ
Average monthly rent for each bedroom type based on current active listings in Peoria.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,150/mo |
2 Bedrooms | $1,400/mo |
3 Bedrooms | $1,775/mo |
4 Bedrooms | $2,175/mo |
5 Bedrooms | $2,500/mo |
Peoria Rental Market Statistics
Key indicators from the current Peoria, AZ rental market.
980
Available now in Peoria
27
From list to lease
$1.22
Average across listings
1,300 sq ft
Typical rental size
$800 – $3,500
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Peoria, AZ Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$360,000
Typical purchase price in Peoria
Est. Gross Annual Yield
5.3%
Before expenses & vacancy
Avg Monthly Income
$1,580
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Peoria for a full cash-flow breakdown including all costs.
Peoria, AZ Rental Market FAQ
Common questions about renting and investing in Peoria, AZ.
What is the average rent in Peoria, AZ?
The average rent in Peoria, AZ is $1,580 per month as of 2026. One-bedroom apartments average $1,150/mo, two-bedrooms average $1,400/mo, and three-bedroom homes average $1,775/mo. Master-planned communities in North Peoria near Lake Pleasant — including Vistancia — command the highest rents, while older South Peoria neighborhoods closer to Glendale offer more affordable options.
Is Peoria, AZ a good place to invest in rental property?
Peoria offers a 5.3% estimated gross yield with steady 3.5% year-over-year rent growth. The city's strong school districts (Peoria Unified), proximity to Loop 101 tech corridor employment, and high quality of life attract stable, long-tenancy families. The Lake Pleasant corridor and Vistancia master-planned community are particularly sought-after for their desirability and consistent appreciation.
How competitive is the Peoria, AZ rental market?
Peoria averages 27 days on market across approximately 980 active listings — a brisk pace for the West Valley. Three- and four-bedroom single-family homes in North Peoria's master-planned communities consistently receive multiple applications, driven by families seeking Peoria Unified enrollment and lake access. Properties near the Loop 101 tech employment corridor also lease quickly among commuter tenants.
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