Cheap Apartments for Rent in the Downtown Peoria Neighborhood of Phoenix, AZ from $900 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Peoria area of Phoenix.

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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Downtown Peoria, Phoenix, AZ Local Guide

Cheapest Available Downtown Peoria Apartments for Rent

 

The cheapest available apartment rental in the Downtown Peoria area of Phoenix, AZ is a Studio unit found at Streamliner 87th priced from $999. Moxi has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,189. Here are the most affordable Downtown Peoria apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Streamliner 87thStudioStudio,1BA$999
MoxiAcacia1BR,1BA$1,189
The Place at Santana VillageA1 1 Bed 1 Bath1BR,1BA$1,231

Best Value Apartments for Rent in Downtown Peoria, AZ

As of July 27, 2025 the best value apartment in the Downtown Peoria area is the $1.98 price per square foot Bliss Model at Summerwell Peoria Place in the in the The Preserve at Cibola Vista neighborhood starting from $2,499. The second greatest value Downtown Peoria apartment is the C1 3 Bed 2 Bath Model at The Place at Santana Village starting at $2,038 with a $1.75 price per square foot in the Sweetwater Estates neighborhood. Here is today’s list of the best values for Downtown Peoria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwell Peoria PlaceBliss3BR,2BA$1.98
The Place at Santana VillageC1 3 Bed 2 Bath3BR,2BA$1.75
Parc Roundtree Ranch2 Bed - 2 Bath2BR,2BA$1.72
Peoria Grand Apartments2x1A2BR,1BA$1.65
Marlowe Peoria PlaceA31BR,1BA$2.05
Napa Place Apartments2x22BR,2BA$1.66
The Tallows at PeoriaB1 Reno with Patio2BR,1BA$1.73
MoxiAcacia1BR,1BA$1.71
Vlux at Peoria HeightsA11BR,1BA$2.24
Streamliner 87thStudioStudio ,1BA$2.32

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Pet Friendly Lifestyle
Downtown Peoria, Phoenix, AZ

Ranked #98

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Peoria Apartments

What is a cheap apartment in Downtown Peoria?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Peoria is under $1,987.

What is the price of a cheap apartment in Downtown Peoria?

The cheapest apartment in Downtown Peoria is Streamliner 87th which is listed at $1,149, while the average apartment in Downtown Peoria costs $2,727.

What types of apartments are the cheapest in Downtown Peoria?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Downtown Peoria that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Peoria?

Cheap apartments in Downtown Peoria have an average cost of $1,015 which is $1,712 cheaper than the average rent for all rentals in Downtown Peoria.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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