Cheap Homes for Rent in Downtown Peoria Neighborhood of Phoenix, AZ from $700 (6 Rentals)

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

property at 10860 N 85th Ave

$1,325

2 Bedroom, 1 Bath Condo for Rent

Available Now

10860 N 85th Ave

PeoriaAZ85345

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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 1 Bed unit found at The Tallows at Peoria priced from $995. Country Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Downtown Peoria apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Tallows at PeoriaA1 Reno with Patio1BR,1BA$995
Country Village1 Bedroom1BR,1BA$1,000
Streamliner 87thStudioStudio,1BA$1,019

Best Value Apartments for Rent in Downtown Peoria, AZ

As of January 27, 2026 the best value apartment in the Downtown 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 Downtown Peoria apartment is the Bliss Model at Summerwell Peoria Place starting at $2,403 with a $1.91 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 ListingModel NameBed/BathPrice Per Sq.Ft.
8566 W Cinnabar Ave85665BR,3BA$1.13
Summerwell Peoria PlaceBliss3BR,2BA$1.91
Peoria Grand Apartments2x1B2BR,1BA$1.51
Napa Place Apartments3x23BR,2BA$1.97
Altair ApartmentsA1 1 Bed 1 Bath1BR,1BA$1.87
Parc Roundtree Ranch1 Bed - 1 Bath1BR,1BA$1.84
Vlux at Peoria HeightsA11BR,1BA$2.24
Country Village1 Bedroom1BR,1BA$1.67
The Tallows at PeoriaA1 Reno with Patio1BR,1BA$2.07
Streamliner 87thStudioStudio ,1BA$2.36

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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

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Frequently Asked Questions about Downtown Peoria

What type of rentals are currently available in Downtown Peoria?

There are currently 23 Apartments for Rent in Downtown Peoria, AZ with pricing that ranges from $995 to $3,250. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Peoria ranging from $750 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Peoria ranges from $750 to $4,000 with an average monthly rent of $2,134.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Peoria range from $1,934 to $2,604, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,627.

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.

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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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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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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.