Cheap Homes for Rent in Peoria, AZ from $700 (70 Rentals)

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

property at 7554 W Cholla St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

3 Bedroom, 2 Bath Home for Rent

Available Now

7554 W Cholla St

PeoriaAZ85345

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.

property at 12221 W Bell Rd

$1,098

Total Monthly Price

Total Monthly Price

Base Rent
$1,098

Total Monthly Price
$1,098

1 Bedroom, 1 Bath Condo for Rent

Available Now

12221 W Bell Rd, Unit 175

12221 W Bell Rd
SurpriseAZ85378
property at 12221 W Bell Rd

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Condo for Rent

Available Now

12221 W Bell Rd, Unit 182

12221 W Bell Rd
SurpriseAZ85378

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.

property at 12123 W Bell Rd

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Condo for Rent

Available Now

12123 W Bell Rd, Unit 258

12123 W Bell Rd
SurpriseAZ85378

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.

property at 10620 W Coggins Dr

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

10620 W Coggins Dr, Unit Condo 10620

10620 W Coggins Dr
Sun CityAZ85351

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Peoria, AZ Local Guide

Cheapest Neighborhoods for Apartments in Peoria, AZ

Pricing Updated: 07/15/2026

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$1,00020

Cheapest Available Peoria Apartments for Rent

 

The cheapest available apartment rental in Peoria, AZ is a Studio unit found at Solmere Phoenix in the Barrel District neighborhood priced from $653. Park at Westgate in the Ocotillo Disctrict neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $753. Here is today’s list of the most affordable Peoria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Solmere PhoenixS1Studio,1BA$653
Park at Westgate1x1A1BR,1BA$753
Park Villas1x11BR,1BA$792
Sun Ridge1 Beds, 1 Baths1BR,1BA$800
Solas GlendaleHaven1BR,1BA$802
Olive TreeA11BR,1BA$825
Bingham BlocksS1Studio,1BA$825
Park 671x11BR,1BA$849
Country Creek ApartmentsHOP INTO SAVINGS THIS APRIL WITH A $899 OR $109...Studio,1BA$850
Streamliner 87thStudioStudio,1BA$889

Best Value Apartments for Rent in Peoria, AZ

As of July 15, 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
Vue Park WestIvy B2BR,2BA$1.26
10880 W Coggins Dr1 Bedroom1BR,1BA$1.18
Woodridge Manor2/12BR,1BA$1.26
Sun Creek Apartments2x22BR,2BA$1.18
The Fountains at Lake PleasantSanta Fe1BR,1.5BA$1.32
Libertad Glendale1 Bedroom1BR,1BA$1.29
Park 671x11BR,1BA$1.30
Park at Westgate1x1A1BR,1BA$1.33

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.

Read Article
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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.

Read Article
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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

Read Article
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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.

Read Article
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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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Peoria, AZ
Population: 172,259

Ranked #153

in US Census Population by City

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

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Frequently Asked Questions about Peoria

What type of rentals are currently available in Peoria?

There are currently 317 Apartments for Rent in Peoria, AZ with pricing that ranges from $662 to $24,685. There are also 651 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria ranging from $725 to $7,000.

What is the current price range for Rental Homes in Peoria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Peoria ranges from $725 to $7,000 with an average monthly rent of $2,434.

How much are larger Three and Four Bedroom Rentals in Peoria?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Peoria range from $1,170 to $7,913, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $6,400. Four Bedroom Single-Family rentals are also available starting from $1,549 and Four Bedroom Apartments start at $1,956.

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

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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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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.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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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

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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.