Cheap Homes for Rent in Peoria, AZ from $700 (100 Rentals)

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

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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property at 12221 W Bell Rd

$1,198

Total Monthly Price

Total Monthly Price

Base Rent
$1,198
Total Monthly Price
$1,198

1 Bedroom, 1 Bath Condo for Rent

Available Now

12221 W Bell Rd, Unit 175, Unit 175

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.

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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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From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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property at 6739 N 63rd Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available Now

6739 N 63rd Ave

GlendaleAZ85301

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

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Showing Results 1-50, Page 1 of 2

Peoria, AZ Local Guide

Cheapest Neighborhoods for Apartments in Peoria, AZ

Pricing Updated: 04/16/2026

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$2,480$1,00076

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. 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
Centerline on Glendale Phase IIB12BR,1BA$694
Bingham BlocksS1Studio,1BA$825
Olive TreeA11BR,1BA$825
Park at Westgate1x1A1BR,1BA$846
Country Creek ApartmentsHOP INTO SAVINGS THIS APRIL WITH A $899 OR $109...Studio,1BA$850
Solas GlendaleSerenity1BR,1BA$867
Solmere PhoenixS1Studio,1BA$889
SagewoodOne Bed One Bath A1BR,1BA$899
Jerome ApartmentsE1 ClassicStudio,1BA$900
Citrine on 67thA11BR,1BA$910

Best Value Apartments for Rent in Peoria, AZ

As of April 16, 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 2 Bedroom and 2 1/2 Bath Townhomes Model at Steeple Chase starting at $1,409 with a $1.34 price per square foot in the Yucca 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
Steeple Chase2 Bedroom and 2 1/2 Bath Townhomes2BR,2.5BA$1.34
7602 N 61st Ave, Unit 76067602 N 61st Ave2BR,1.5BA$1.39
Desert Harbor Apartment Homes2 Bedroom, 2 Bath2BR,2BA$1.38
Citrine on 67thB12BR,2BA$1.33
Desert VistaIronwood1BR,1BA$1.40
Park 672x12BR,1BA$1.17
The Fountains at Lake PleasantSanta Fe1BR,1.5BA$1.32
The Tallows at PeoriaB1 Reno2BR,1BA$1.38
Portola GlendaleA11BR,1BA$1.44

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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!

Explore Peoria, AZ Rentals by Map

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See the most popular apartments and homes in Peoria, AZ

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Frequently Asked Questions about Peoria

What type of rentals are currently available in Peoria?

There are currently 320 Apartments for Rent in Peoria, AZ with pricing that ranges from $694 to $13,647. There are also 577 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria ranging from $750 to $10,000.

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 $750 to $10,000 with an average monthly rent of $2,585.

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 $1,156 to $6,406, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,679.

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.

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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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.