Cheap Apartments for Rent in Pekin, IL from $400 (24 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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2703-2707 Pine St
1 to 2 Bedroom Apartments

2703-2707 Pine St

2703-2707 Pine StPekin, IL 61554
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St. Julian
1 Bedroom Apartments

St. Julian

413-417 Saint Julian StPekin, IL 61554
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473 Broadway St
1 to 2 Bedroom Apartments

473 Broadway St

473 Broadway StPekin, IL 61554
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2418 Lakeshore Dr
1 to 2 Bedroom Apartments

2418 Lakeshore Dr

2418 Lakeshore DrPekin, IL 61554
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Sunnyridge Apartments
1 to 2 Bedroom Apartments

Sunnyridge Apartments

222 Sunnyridge CtPekin, IL 61554
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1001 Veerman St
1 Bedroom Apartments

1001 Veerman St

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

Vista Villa

324 Buena Vista AvePekin, IL 61554
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Meadow Lane Apartments
1 to 3 Bedroom Apartments

Meadow Lane Apartments

1101 El Camino DrPekin, IL 61554
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340 S Capitol St
1 Bedroom Apartments

340 S Capitol St

340 S Capitol StPekin, IL 61554
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928 S Stewart St
1 to 3 Bedroom Apartments

928 S Stewart St

928 S Stewart StCreve Coeur, IL 61610
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310 Hawthorne Cir
Studio to 2 Bedroom Apartments

310 Hawthorne Cir

310 Hawthorne CirCreve Coeur, IL 61610

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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
The Residences at Rosemary Crossing IThree Bedroom/Two Bath3BR,2BA$1,620

Best Value Apartments for Rent in Pekin, IL and Nearby

As of July 22, 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 Three Bedroom/Two Bath Model at The Residences at Rosemary Crossing I starting at $1,620 with a $1.25 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
The Residences at Rosemary Crossing IThree Bedroom/Two Bath3BR,2BA$1.25
1 Williamsburg Ct, Unit A1 Williamsburg Ct2BR,1.5BA$1.03
3 Williamsburg Ct, Unit #B3 Williamsburg Ct2BR,1BA$1.04
5 Williamsburg Ct, Unit D5 Williamsburg Ct2BR,1BA$0.99
Willow Oaks ApartmentsOne Bedroom1BR,1BA$1.04
Williamsburg TownhousesOne Bedroom1BR,1BA$1.37

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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Real 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.

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

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Frequently Asked Questions about Cheap Pekin 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.

What is the most affordable Pekin Three Bedroom Apartment?

The best deal on a cheap Pekin Three Bedroom Apartment rental is at Sunset Hills Apartments and starts from $925.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.