Cheap Apartments for Rent in Pekin, IL from $400 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pekin.

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.

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property at 1 Williamsburg Ct

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1.5 Bath Home for Rent

Available Now

1 Williamsburg Ct

PekinIL61554
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Sunnyridge Apartments
1 to 2 Bedroom Apartments

Sunnyridge Apartments

222 Sunnyridge CtPekin, IL 61554
  • Utilities Included
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1001 Veerman St
1 Bedroom Apartments

1001 Veerman St

1001 Veerman StPekin, IL 61554
  • Utilities Included
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Vista Villa
1 to 2 Bedroom Apartments

Vista Villa

324 Buena Vista AvePekin, IL 61554

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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2604 Pine St
Studio to 1 Bedroom Apartments

2604 Pine St

2604 Pine StPekin, IL 61554
  • Utilities Included
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609 S 3rd St
1 Bedroom Apartments

609 S 3rd St

609 S 3rd StPekin, IL 61554
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740 Prince St
1 to 3 Bedroom Apartments

740 Prince St

740 Prince StPekin, IL 61554
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Meadow Lane Apartments
1 to 3 Bedroom Apartments

Meadow Lane Apartments

1101 El Camino DrPekin, IL 61554
  • Utilities Included
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Lakeside
2 Bedroom Apartments

Lakeside

305 Lakeside AvePekin, IL 61554

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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911 Hamilton St
1 to 3 Bedroom Apartments

911 Hamilton St

911 Hamilton StPekin, IL 61554

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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Showing Results 1-32, Page 1 of 1

Pekin, IL Local Guide

Cheapest Available Pekin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pekin, IL is a 1 Bed unit found at Willow Oaks Apartments priced from $760. Williamsburg Townhouses has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Pekin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Oaks ApartmentsOne Bedroom1BR,1BA$760
Williamsburg TownhousesOne Bedroom1BR,1BA$795
Sunset Hills ApartmentsSunset Hills3BR,2BA$925

Best Value Apartments for Rent in Pekin, IL and Nearby

As of April 16, 2026 the best value apartment in the Pekin area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Pekin apartment is the 437 Broadway St Model at 437 Broadway St starting at $1,295 with a $1.08 price per square foot . Here is today’s list of the best values for Pekin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Hills ApartmentsSunset Hills3BR,2BA$0.71
437 Broadway St437 Broadway St2BR,1BA$1.08
1 Williamsburg Ct, Unit A1 Williamsburg Ct2BR,1.5BA$1.03
3 Williamsburg Ct, Unit #B3 Williamsburg Ct2BR,1BA$1.04
1409 Center St1409 Center St1BR,1BA$2.13
Willow Oaks ApartmentsOne Bedroom1BR,1BA$1.04
Williamsburg TownhousesOne Bedroom1BR,1BA$1.37

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Quick 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.

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Best Local Schools in
Pekin, IL

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

Explore Pekin, IL Rentals by Map

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See the most popular apartments and homes in Pekin, IL

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Frequently Asked Questions about Cheap Pekin Apartments

How much is rent for a Cheap One Bedroom Pekin Apartment?

The lowest price for a Cheap One Bedroom Pekin Apartment is $760 at Willow Oaks Apartments.

What is the lowest price for a Cheap Two Bedroom Pekin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pekin is starting from $830 at Willow Oaks Apartments.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.