Warning! Do not buy a turbo unless there is no other way to accomplish your goals. Secondly do not buy a Turbo Arrow. I am as pro Cherokee as anyone in the world but TA's will sink the maintenance ship.
When you say "I know a turbo costs more maintenance." No you really do not. I know this because I said that too when I bought my Turbo plane. It was really in good condition I thought and I had owned an airplane already and I thought I knew what the maintenance costs could likely be being that I am very conservative.....Wrong.
The engines begin at about $40k to rebuild, they are not easily rebuilt which limits you to signature/factory OHs which is much more expensive and then you may not get a quality job that is error free even with signature Rebuilds.
Lycoming engines in Arrows and Cherokees are what makes Cherokees so damned cheap to own but the Turbo arrow uses a Conti engine that is expensive, expensive, expensive to feed and maintain. The Turbo adds complexity and maintenance expense on top of that.
I have a lycoming engine with a add on rajay (probably the cheapest way to implement Turbo) and even that easily doubles the total cost of maintenance for my plane. If I subtract all the expense I have had in 5 years owning the Comanche my total cost of ownership would be half and my maintenance would be less than half. Flying just a little agressively can cost you a few cylinders cracked for heat. You will never want to let a close friend and trusted aviator borrow your Turbo plane as you can get a melted engine back.
Turbo Arrows are worse than most turbos IMO. I had two friends with TA's and they estimated their hourly operating costs over $200-250 per hour, most of that is not fuel. At the same time my Cherokee cost me less than $40 per hour and my Comanche probably costs less than $150 per hour.
They are complicated with many many subsystems to go wrong. Not a good first plane to own.
I wish you luck in any direction you choose to go and if you have deep pockets go anyway you like and report back to us. But if you have a limited budget that you wish or need to stay in, you want to consider other airplanes/Engines.
BTW this is the same engine as in the Seneca twin and the Turbo Dakota so read on engine maintenance in those three air planes. Subscribe to aviation consumer now it will save you a bunch of money.
PS the reason there are a lot for sale is that they are expensive to maintain so many pilots think they know what they are getting into, find out and bail but only after trying to own them for less maintenance, do not keep up with it then sell them in horrendous condition and you really need a specialist to maintain them right. The factory TBO of the engine is like 1500 rather than 2000 for most other Arrows and then most guys probably cannot make TBO. You have the bad Conti bottoms and jugs, double that with higher pressures and double it again for higher heat.
If you can ignore this advise than you are a better man than I am, or???
I've been looking at listings online for a Piper Arrow III or IV and I'm torn between getting a regular to turbocharged version. It seems like there are a lot more turbocharged Arrows for sale vs the regular. I know that the turbo engines would be more expensive to maintain but that's pretty nonspecific. How do the turbos compare to the regular engines in their ability to make TBO and maintenance costs? A lot of the listing online are aircraft that have Merlyn wastegates or intercoolers or both installed. How much would accessories like those improve engine temperatures and reliability?