Cheap Homes for Rent in East Peoria, IL from $400 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in East Peoria.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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East Peoria, IL Local Guide

Cheapest Available East Peoria Apartments for Rent

 

The cheapest available apartment rental in East Peoria, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. The Avenue Apartments in the Averyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable East Peoria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Civic Center Plaza ApartmentsStudioStudio,1BA$803
Marquette PlaceStudioStudio,1BA$880

Best Value Apartments for Rent in East Peoria, IL

As of June 18, 2025 the best value apartment in the East Peoria area is the $1.23 price per square foot Modern One Bedroom Apartment in East Peoria Model at Stratford Apartments in the in the Fairfax Addition neighborhood starting from $925. The second greatest value East Peoria apartment is the 1401 E Richwoods Blvd Model at 1401 E Richwoods Blvd, Unit 1 starting at $1,100 with a $1.47 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for East Peoria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stratford ApartmentsModern One Bedroom Apartment in East Peoria1BR,1BA$1.23
1401 E Richwoods Blvd, Unit 11401 E Richwoods Blvd3BR,1BA$1.47
Lofts Partners, LLC1BR/1.0BA1BR,1BA$1.94
Winkler Place1BD 1BTH1BR,1BA$1.59
Linn St Commons1BR/1BA1BR,1BA$0.87
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.34
Magnolia LoftsStudioStudio ,1BA$1.96
EMR Apartments1 BR Standard Utilities Included1BR,1BA$1.90

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Frequently Asked Questions about East Peoria

What type of rentals are currently available in East Peoria?

There are currently 109 Apartments for Rent in East Peoria, IL with pricing that ranges from $495 to $2,400. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Peoria ranging from $450 to $2,400.

What is the current price range for Rental Homes in East Peoria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Peoria ranges from $450 to $2,400 with an average monthly rent of $1,122.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.