I lived at the peaks for about 3 years and it has been an overall positive experience. The apartments are good value. They are reasonably priced for what you get. I lived in the 3 bedroom apartment which was large and comfortable. The grounds are well kept and have racquetball court and beach volleyball court. The basketball court is nice as well (although sometimes without a net). There is some crime in the complex but nothing ever happened directly to me. Twice in three years I saw more than one cop car at the same scene. The complex is centrally located and only 5 mins from the airport, Arcadia, ASU -tempe, and Scottsdale.
I would recommend this complex to anyone on a budget who is looking for good value.