$1,250 Per Month
- 2 Beds
- 2 Baths
- 971 Sq Ft
- Condo for Rent
5236 W Peoria Ave Unit 127, Glendale, AZ 85302
5236 W Peoria Ave Unit 127, Glendale, AZ 85302
Frequently Asked Questions
How much does it cost to rent a condo in Glendale, AZ?
The median rent for a condo in Glendale, AZ is $1,499 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Glendale, AZ?
To comfortably afford the median rent in Glendale, AZ, a household needs to earn roughly $86,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,160 per month in Glendale, AZ, renters typically need to show $6,480 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Glendale, AZ?
In Glendale, AZ, the price-to-rent ratio is 16.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Glendale, AZ are best for renting a condo?
The best neighborhood for renting in Glendale, AZ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Arrowhead, North Mountain Village, Alhambra, Deer Valley and North Central, each with its own character and price range.
