512 Alexander Ave
PeoriaIL61603
Cheap Homes for Rent in Magnolia, IL from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Magnolia.
619 NE Rock Island Ave
PeoriaIL61603
3616 NE Monroe St
PeoriaIL61603
103 Hollyhock Ln
MetamoraIL61548
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.
820 E Virginia Ave
PeoriaIL61603
804 E McClure Ave
PeoriaIL61603
1018 E Virginia Ave
PeoriaIL61603
5008 Knoxville Ave
PeoriaIL61614
717 E Gift Ave
PeoriaIL61603
2418 N Peoria Ave
PeoriaIL61603
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.
Showing Results 1-10, Page 1 of 1
Magnolia, IL Local Guide
Illinois railroad tracks by H. Michael Miley is licensed under CC BY 2.0
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,119 | $724 | $1,600 |
| Magnolia 3 Bedroom Homes for Rent | $1,877 | $839 | $3,000 |
| Magnolia 5 Bedroom Homes for Rent | $1,116 | $850 | $1,300 |
Browse Top Homes for Rent in Magnolia
Explore Magnolia
Magnolia, IL Local Guide
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Cheapest Available Magnolia Apartments for Rent and Nearby
The cheapest available apartment rental in Magnolia, IL is a 1 Bed unit found at Colonial Village priced from $625. Knoxville Manor Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Magnolia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $695 |
Best Value Apartments for Rent in Magnolia, IL and Nearby
As of September 11, 2025 the best value apartment in the Magnolia area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Magnolia apartment is the 3 Bed 1 Bath Model at 1512 E Gardner Ln starting at $795 with a $0.66 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| 1512 E Gardner Ln | 3 Bed 1 Bath | 3BR,1BA | $0.66 |
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Brighton Woods | 2Bed2Bath | 2BR,2BA | $0.95 |
| 504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
| Versailles Apartments | Jewel - 1BR / 1BA | 1BR,1BA | $1.10 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.07 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
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Explore Magnolia, IL Rentals by Map
See the most popular apartments and homes in Magnolia, IL
Frequently Asked Questions about Magnolia
What type of rentals are currently available in Magnolia?
There are currently 42 Apartments for Rent in Magnolia, IL with pricing that ranges from $650 to $2,675. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $724 to $3,000.
What is the current price range for Rental Homes in Magnolia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $724 to $3,000 with an average monthly rent of $1,320.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
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.
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.
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.