11411 N 91st Ave
PeoriaAZ85345
Cheap Homes for Rent in Downtown Peoria Neighborhood of Phoenix, AZ from $1,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Peoria area of Phoenix.
8940 W Olive Ave
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.
9592 N 82nd Ave
PeoriaAZ85345
8834 W Purdue Ave
PeoriaAZ85345
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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Downtown Peoria, Phoenix, AZ Local Guide
How much does it cost to rent a home in Downtown Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Peoria 2 Bedroom Homes for Rent | $1,524 | $1,479 | $1,570 |
| Downtown Peoria 3 Bedroom Homes for Rent | $2,043 | $1,775 | $2,510 |
| Downtown Peoria 4 Bedroom Homes for Rent | $2,055 | $1,895 | $2,285 |
| Downtown Peoria 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Peoria Neighborhood of Phoenix, AZ.
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Downtown Peoria, Phoenix, AZ Local Guide
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Best Value Apartments for Rent in Downtown Peoria, AZ
As of June 21, 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 $2,614 with a $2.07 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. |
|---|---|---|---|
| 8566 W Cinnabar Ave | 8566 | 5BR,3BA | $1.13 |
| Summerwell Peoria Place | Bliss | 3BR,2BA | $2.07 |
| Peoria Grand Apartments | 2x1A | 2BR,1BA | $1.53 |
| Napa Place Apartments | 2x2L | 2BR,2BA | $1.60 |
| Altair Apartments | A1 1 Bed 1 Bath | 1BR,1BA | $1.72 |
| Parc Roundtree Ranch | A1: 1 Bed 1 Bath | 1BR,1BA | $1.77 |
| Moxi | Juniper | 1BR,1BA | $1.44 |
| Country Village | 1 Bedroom | 1BR,1BA | $1.67 |
| The Tallows at Peoria | A1 Reno | 1BR,1BA | $2.19 |
| Streamliner 87th | Studio | Studio ,1BA | $2.06 |
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
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 ArticleExpert'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 ArticleReal 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 ArticleQuick 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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Best Local Schools in Downtown Peoria, Phoenix, AZ
School data provided by Great Schools
Frequently Asked Questions about Downtown Peoria
What type of rentals are currently available in Downtown Peoria?
There are currently 22 Apartments for Rent in Downtown Peoria, AZ with pricing that ranges from $999 to $3,250. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Peoria ranging from $1,479 to $2,600.
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 $1,479 to $2,600 with an average monthly rent of $2,055.
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 $1,848 to $2,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,775 to $2,510. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $2,883.
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
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).
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.
A Phoenix Experts 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.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.