
Cheap Homes for Rent near East Peoria, IL from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in East Peoria.


422 S Louisa St

1806 N Peoria Ave

505 E Virginia Ave

1400 S Westmoreland Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

609 Tracy St

412 E Arcadia Ave

1615 S Arago St

400 E Thrush Ave

1515 W Callender Ave
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.

1829 S Stanley St

1006 E Behrends Ave

1220 W John H Gwynn Jr Ave

1714 S Livingston St

1610 S Lydia Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

911 N Sheridan Rd
East Peoria, IL Local Guide

How much does it cost to rent a home in East Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Peoria 2 Bedroom Homes for Rent | $834 | $225 | $1,204 |
| East Peoria 3 Bedroom Homes for Rent | $1,184 | $680 | $1,650 |
| East Peoria 4 Bedroom Homes for Rent | $1,224 | $528 | $1,800 |
| East Peoria 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| East Peoria 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in East Peoria
Explore East Peoria
East Peoria, IL Local Guide
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Cheapest Available East Peoria Apartments for Rent and Nearby
 The cheapest available apartment rental in East Peoria, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. Winkler Village Apartments in the Woodford County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable East Peoria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cityscape | 2 Bedroom | 2BR,2BA | $711 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $795 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $963 |
Best Value Apartments for Rent in East Peoria, IL and Nearby
As of July 11, 2026 the best value apartment in the East Peoria area is the $1.27 price per square foot 3 Bedroom Model at 107 NE Roanoke Ave in the in the Averyville neighborhood starting from $1,525. The second greatest value East Peoria apartment is the 2BR/2.0BA Model at Cypress Ridge Apartments starting at $1,465 with a $1.23 price per square foot in the East Peoria neighborhood. Here is today’s list of the best values for East Peoria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 107 NE Roanoke Ave | 3 Bedroom | 3BR,1BA | $1.27 |
| Cypress Ridge Apartments | 2BR/2.0BA | 2BR,2BA | $1.23 |
| Adams Street Center | 2 Bed 1 Bath | 2BR,1BA | $1.69 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.70 |
| Cooperage 214 | 1 Bed, 1 bath | 1BR,1BA | $1.57 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| Cape Cod Village Apartments | Hyannis Renovated | 1BR,1BA | $1.67 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.29 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about East Peoria
What type of rentals are currently available in East Peoria?
There are currently 115 Apartments for Rent in East Peoria, IL with pricing that ranges from $547 to $2,305. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Peoria ranging from $225 to $4,500.
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 $225 to $4,500 with an average monthly rent of $1,699.
How much are larger Three and Four Bedroom Rentals in East Peoria?
For those who are looking for larger living arrangements, Three Bedroom Apartments in East Peoria range from $620 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $1,650. Four Bedroom Single-Family rentals are also available starting from $528 and Four Bedroom Apartments start at $630.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.