
Cheap Apartments for Rent in Pekin, IL from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Pekin.


528 Henrietta St

Willow Oaks Apartments

Sunset Hills Apartments

Williamsburg Townhouses

The McKinley

Total Monthly Price
5 Williamsburg Ct, Unit D

El Camino Fields
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.

2703-2707 Pine St

St. Julian

224-226 Cooper St

308 Washington St

473 Broadway St

UAW Senior Citizens Center

2418 Lakeshore Dr

Sunnyridge Apartments
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.

1001 Veerman St

Florence Ave. Duplexes

Vista Villa

Meadow Lane Apartments

340 S Capitol St

North Haven Apartments

928 S Stewart St

310 Hawthorne Cir
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

How much does it cost to rent an apartment in Pekin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pekin 1 Bedroom Apartments | $766 | $740 | $825 |
| Pekin 2 Bedroom Apartments | $943 | $800 | $1,495 |
| Pekin 3 Bedroom Apartments | $1,404 | $925 | $1,620 |
| Pekin 4 Bedroom Apartments | $1,050 | $1,000 | $1,100 |
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Pekin, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $760 |
| Williamsburg Townhouses | One Bedroom | 1BR,1BA | $795 |
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $925 |
| The Residences at Rosemary Crossing I | Three Bedroom/Two Bath | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| The Residences at Rosemary Crossing I | Three Bedroom/Two Bath | 3BR,2BA | $1.25 |
| 1 Williamsburg Ct, Unit A | 1 Williamsburg Ct | 2BR,1.5BA | $1.03 |
| 3 Williamsburg Ct, Unit #B | 3 Williamsburg Ct | 2BR,1BA | $1.04 |
| 5 Williamsburg Ct, Unit D | 5 Williamsburg Ct | 2BR,1BA | $0.99 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $1.04 |
| Williamsburg Townhouses | One Bedroom | 1BR,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.
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.
Best Local Schools in Pekin, IL
Rankin Elementary School
Pekin Community High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pekin, IL Rentals by Map
See the most popular apartments and homes in Pekin, IL
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

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.

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.