Cheap Homes for Rent in East Peoria, IL from $400 (16 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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East Peoria, IL Local Guide

Cheapest Available East Peoria Apartments for Rent and Nearby

 

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 and Nearby

As of September 08, 2025 the best value apartment in the East Peoria area is the $1.42 price per square foot 315 Main St Model at 315 Main St, Unit Loft B in the in the Averyville neighborhood starting from $1,700. The second greatest value East Peoria apartment is the Studio + Den (BR) Model at Adams & Oak starting at $1,850 with a $1.59 price per square foot in the Moss Bradley 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.
315 Main St, Unit Loft B315 Main St2BR,1BA$1.42
Adams & OakStudio + Den (BR)1BR,2BA$1.59
1507 W Callender Ave, Unit 1507 Callender Unit B1507 W Callender Ave3BR,1BA$1.05
109 Stewart St, Unit 3109 Stewart St1BR,1BA$1.03
Stratford ApartmentsModern One Bedroom Apartment in East Peoria1BR,1BA$1.23
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

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore East Peoria, IL Rentals by Map

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Frequently Asked Questions about East Peoria

What type of rentals are currently available in East Peoria?

There are currently 108 Apartments for Rent in East Peoria, IL with pricing that ranges from $575 to $2,400. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Peoria ranging from $495 to $2,100.

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 $495 to $2,100 with an average monthly rent of $1,174.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.