Cheap Apartments for Rent in the Downtown Peoria Neighborhood of Phoenix, AZ from $900 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peoria area of Phoenix.

Streamliner 87th

Country Village

The Tallows at Peoria
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.

Moxi

10860 N 85th Ave

Peoria Grand Apartments
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.

11411 N 91st Ave

10860 N 85th Ave

8461 W Washington St
Downtown Peoria, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Downtown Peoria?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Peoria Studio Apartments | $1,017 | $999 | $1,049 |
Downtown Peoria 1 Bedroom Apartments | $1,536 | $980 | $1,705 |
Downtown Peoria 2 Bedroom Apartments | $1,683 | $1,100 | $2,014 |
Downtown Peoria 3 Bedroom Apartments | $2,372 | $1,891 | $2,747 |
Downtown Peoria 4 Bedroom Apartments | $2,728 | $2,712 | $2,747 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Peoria Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Downtown Peoria, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,125. Here are the most affordable Downtown Peoria apartments for rent in Phoenix, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Streamliner 87th | Studio | Studio,1BA | $999 |
Moxi | Acacia | 1BR,1BA | $1,125 |
The Tallows at Peoria | B1 Reno | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Downtown Peoria, AZ
As of September 10, 2025 the best value apartment in the Downtown Peoria area is the $2.01 price per square foot Bliss Model at Summerwell Peoria Place in the in the The Preserve at Cibola Vista neighborhood starting from $2,540. The second greatest value Downtown Peoria apartment is the 3 Bed - 2 Bath Model at Parc Roundtree Ranch starting at $2,053 with a $1.65 price per square foot in the The Preserve at Cibola Vista neighborhood. Here is today’s list of the best values for Downtown Peoria apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Summerwell Peoria Place | Bliss | 3BR,2BA | $2.01 |
Parc Roundtree Ranch | 3 Bed - 2 Bath | 3BR,2BA | $1.65 |
Peoria Grand Apartments | 2x1A | 2BR,1BA | $1.50 |
Marlowe Peoria Place | A3 | 1BR,1BA | $2.03 |
The Place at Santana Village | A1 1 Bed 1 Bath | 1BR,1BA | $1.73 |
The Tallows at Peoria | B1 | 2BR,1BA | $1.87 |
Moxi | Acacia | 1BR,1BA | $1.57 |
Vlux at Peoria Heights | A1 | 1BR,1BA | $2.26 |
Streamliner 87th | Studio | Studio ,1BA | $2.32 |
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.
Pet Friendly LifestyleDowntown Peoria, Phoenix, AZ
Ranked #98
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Downtown Peoria, Phoenix, AZ
School data provided by Great Schools
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 Moxi which is listed at $1,125, while the average apartment in Downtown Peoria costs $3,250.
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 $1,017 which is $2,233 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.

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).

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.