Cheap Apartments for Rent in Peoria, AZ from $500 (204 Rentals)

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Search the lowest-cost Apartments available for rent right now in Peoria.

property at 9350 N 67th Ave

$990 - $1,250

1 To 2 Bedroom Rentals

Available Now

9350 N 67th Ave

PeoriaAZ85345
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Moxi
Rent Specials
$999 - $1,513
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,513
Total Monthly Price
$999 - $1,513
1 to 2 Bedroom Apartments Available Now

Moxi

8650 W Peoria AvePeoria, AZ 85345
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Flats at Peoria
Rent Specials
$1,099 - $1,880
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $1,880
Total Monthly Price
$1,099 - $1,880
1 to 3 Bedroom Apartments Available Now

The Flats at Peoria

9680 W Olive AvePeoria, AZ 85345
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Fountain Palms
Rent Specials
$1,371 - $1,728
Total Monthly Price

Total Monthly Price

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$1,371 - $1,728
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1 to 2 Bedroom Apartments Available Now

Fountain Palms

8820 W Bell RdPeoria, AZ 85382
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Marlowe Peoria Place
Rent Specials
$1,417 - $2,223
Total Monthly Price

Total Monthly Price

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$1,417 - $2,223
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Marlowe Peoria Place

8165 W Whitney DrPeoria, AZ 85345
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Artessa
Rent Specials
$1,493 - $2,340
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Total Monthly Price

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$1,493 - $2,340
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1 to 3 Bedroom Apartments Available Jun 19

Artessa

7100 W Grandview RdPeoria, AZ 85382
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ORA Apartments
Rent Specials
$1,581 - $3,740
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$1,581 - $3,740
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1 to 2 Bedroom Apartments Available Now

ORA Apartments

8203 W Oraibi DrPeoria, AZ 85382
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 8940 W Olive Ave

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 2 Bath Rentals

Available Now

8940 W Olive Ave

PeoriaAZ85345
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Waterford at Peoria
1 to 3 Bedroom Apartments

Waterford at Peoria

14109 N 83rd AvePeoria, AZ 85381
Corporate Housing
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The Gardens at Immanuel
1 to 2 Bedroom Apartments

The Gardens at Immanuel

11295 N 99th AvePeoria, AZ 85345
Senior Living
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 5

Peoria, AZ Local Guide

Cheapest Neighborhoods for Apartments in Peoria, AZ

Pricing Updated: 06/12/2026

Current apartment rentals in the Peoria, AZ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Peoria Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
El Mirage$1,956$1,15019

Cheapest Available Peoria Apartments for Rent

 

The cheapest available apartment rental in Peoria, AZ is a 1 Bed unit found at Park Villas in the Ocotillo Disctrict neighborhood priced from $792. Bingham Blocks in the Barrel District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here is today’s list of the most affordable Peoria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Villas1x11BR,1BA$792
Bingham BlocksS1Studio,1BA$825
Olive TreeA11BR,1BA$825
Jerome ApartmentsE1 ClassicStudio,1BA$850
Country Creek ApartmentsHOP INTO SAVINGS THIS APRIL WITH A $899 OR $109...Studio,1BA$850
Streamliner AldeaStudioStudio,1BA$870
Solmere PhoenixS1Studio,1BA$883
Streamliner 87thStudioStudio,1BA$889
Solas GlendaleHaven1BR,1BA$891
VisionsEnergy StudioStudio,1BA$920

Best Value Apartments for Rent in Peoria, AZ

As of June 12, 2026 the best value apartment in the Peoria area is the $1.13 price per square foot 8566 Model at 8566 W Cinnabar Ave in the in the The Preserve at Cibola Vista neighborhood starting from $3,250. The second greatest value Peoria apartment is the 4 BED/2.5 BATH Model at BB Living at Vistancia starting at $1,675 with a $1.09 price per square foot in the Harmony at Desert Oasis neighborhood. Here is today’s list of the best values for Peoria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8566 W Cinnabar Ave85665BR,3BA$1.13
BB Living at Vistancia4 BED/2.5 BATH4BR,2.5BA$1.09
Enclave at Arrowhead2x2 Townhouse Renovated 1267sf2BR,2BA$1.42
Fountain Place3 Bedroom Townhome3BR,2.5BA$1.33
Sonoma Ridge ApartmentsBordeaux Premium2BR,2BA$1.38
7602 N 61st Ave, Unit 76067602 N 61st Ave2BR,1.5BA$1.34
Desert Harbor Apartment Homes2 Bedroom, 2 Bath2BR,2BA$1.38
Portola GlendaleB1R2BR,2BA$1.44
Park 672x12BR,1BA$1.29
Celeste on GlendaleA1R1BR,1BA$1.43

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Peoria, AZ
Population: 172,259

Ranked #153

in US Census Population by City

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Best Local Schools in
Peoria, AZ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Peoria Apartments

What is the Cheapest Studio apartment in Peoria?

Currently the most affordable Cheap Studio Apartment in Peoria is at Bingham Blocks listed at $825.

How much is rent for a Cheap One Bedroom Peoria Apartment?

The lowest price for a Cheap One Bedroom Peoria Apartment is $792 at Park Villas.

What is the lowest price for a Cheap Two Bedroom Peoria Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peoria is starting from $1,042 at Park Villas.

What is the most affordable Peoria Three Bedroom Apartment?

The best deal on a cheap Peoria Three Bedroom Apartment rental is at Centerline on Glendale Phase II and starts from $1,203.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

Written by: Andrew Jollett

I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).

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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

Written by: Andrew Jollett

I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Written by: Andrew Jollett

Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.