Cheap Homes for Rent in East Peoria, IL from $400 (23 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.

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.

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.

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$825
Marquette PlaceStudioStudio,1BA$880

Best Value Apartments for Rent in East Peoria, IL

As of December 30, 2025 the best value apartment in the East Peoria area is the $1.03 price per square foot 417 W Columbia Ter Model at 417 W Columbia Ter, Unit #2 in the in the Averyville neighborhood starting from $1,850. 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 . 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.
417 W Columbia Ter, Unit #2417 W Columbia Ter2BR,1BA$1.03
Cypress Ridge Apartments2BR/2.0BA2BR,2BA$1.23
407 N Glenwood Ave, Unit 407 Glenwood lower Unit407 N Glenwood Ave3BR,1BA$1.48
1012 W Armstrong Ave, Unit 1012-11012 W Armstrong Ave3BR,1BA$0.99
Stonecrest2 Bedroom2BR,1BA$1.17
Stratford ApartmentsModern One Bedroom Apartment in East Peoria1BR,1BA$1.23
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$1.38

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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 116 Apartments for Rent in East Peoria, IL with pricing that ranges from $547 to $3,300. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Peoria ranging from $495 to $2,550.

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 $2,550 with an average monthly rent of $1,194.

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 $695 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,100 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!