Cheap Apartments for Rent in Peoria, AZ from $500 (108 Rentals)

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

property at 9350 N 67th Ave

$1,005 - $1,250

1 To 2 Bedroom Rentals

Available Now

9350 N 67th Ave

PeoriaAZ85345

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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property at 17374 N 89th Ave

$1,236 - $2,119

1 To 3 Bedroom Rentals

Available Now

17374 N 89th Ave

PeoriaAZ85382

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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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
  • Utilities Included
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Alexan Park West
Studio to 3 Bedroom Apartments

Alexan Park West

9550 West Northern AvePeoria, AZ 85345
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Natura Villas
1 to 3 Bedroom Apartments

Natura Villas

10847 W Olive AvePeoria, AZ 85345
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Villa Vita
Studio to 2 Bedroom Apartments

Villa Vita

8175 W Ludlow DrPeoria, AZ 85381

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

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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property at 6201 W Olive Ave

$850 - $1,385

1 To 2 Bedroom Rentals

Available Now

6201 W Olive Ave

GlendaleAZ85302

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Peoria, AZ Local Guide

Cheapest Neighborhoods for Apartments in Peoria, AZ

Pricing Updated: 01/25/2026

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$1,795$98922

Cheapest Available Peoria Apartments for Rent

 

The cheapest available apartment rental in Peoria, AZ is a 2 Beds unit found at Centerline on Glendale Phase II in the Ocotillo Disctrict neighborhood priced from $694. Olive Tree in the Barrel District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Peoria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Centerline on Glendale Phase IIB12BR,1BA$694
Olive TreeA11BR,1BA$825
Park at Westgate1x1A1BR,1BA$825
Bingham BlocksS1Studio,1BA$825
Park Villas1x11BR,1BA$855
Country GablesA21BR,1BA$860
Glendale West1x1 BR1BR,1BA$875
Portola GlendaleA11BR,1BA$899
Park 671x11BR,1BA$899
Country Creek Apartments1x1- Top Floor1BR,1BA$900

Best Value Apartments for Rent in Peoria, AZ

As of January 25, 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 Mesquite Model at Desert Vista starting at $1,450 with a $1.29 price per square foot in the Barrel District 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
Desert VistaMesquite2BR,2BA$1.29
Desert Harbor Apartment Homes2 Bedroom, 2 Bath2BR,2BA$1.38
Woodridge Manor2/1.52BR,1.5BA$1.18
Citrine on 67thB12BR,2BA$1.42
Fountain PalmsParlor1BR,1.5BA$1.30
The Fountains at Lake PleasantSanta Fe1BR,1.5BA$1.32
6641 W Ocotillo Rd, Unit #2026641 W Ocotillo Rd2BR,1BA$1.33
Glendale West1x1 BR1BR,1BA$1.29
Portola GlendaleA11BR,1BA$1.36

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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!

Explore Peoria, AZ Rentals by Map

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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 $825 at Olive Tree.

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 $694 at Centerline on Glendale Phase II.

What is the most affordable Peoria Three Bedroom Apartment?

The best deal on a cheap Peoria Three Bedroom Apartment rental is at Glendale West and starts from $1,100.

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.

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

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.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

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

Written by: Andrew Jollett

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.