Weight and cost.
The lower receiver in a AR simply holds the parts together but it does not carry a significant load. The load of combustion is carried between the bolt and the barrel shroud, both of which are a high grade of steel.
Rifles in which the receiver is a load path, like Mausers, FN/FAL's, Garand, etc, their receivers have to be made of steel and it costs more in material and machining.
I don't see any advantage in increasing weight and cost of an item that does not need it, and the corrosion resistance of stainless is not needed.
Backyard mechanics typically pick stainless steel for applications that don't need corrosion resistance. The Jewel trigger is an example, the internal parts are stainless. The stainless Jewel used does not take a deep heat treat or case so the sear surfaces wears quickly. Obviously who ever picked that material should have been thinking tool steel and hardness