
Cheap Apartments for Rent in Pekin, IL from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Pekin.


The Residences at Rosemary Crossing I

Willow Oaks Apartments

Sunset Hills Apartments

El Camino Fields

224-226 Cooper St

2703-2707 Pine St
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.

St. Julian

308 Washington St

473 Broadway St

UAW Senior Citizens Center

2418 Lakeshore Dr

The McKinley

Sunnyridge Apartments
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.

1001 Veerman St

Florence Ave. Duplexes

Vista Villa

Meadow Lane Apartments

340 S Capitol St

North Haven Apartments

528 Henrietta St
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.

928 S Stewart St

310 Hawthorne Cir
Pekin, IL Local Guide

How much does it cost to rent an apartment in Pekin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Pekin Studio Apartments | $749 | $749 | $749 |
| Cheap Pekin 1 Bedroom Apartments | $736 | $649 | $825 |
| Cheap Pekin 2 Bedroom Apartments | $855 | $805 | $905 |
| Cheap Pekin 3 Bedroom Apartments | $1,361 | $925 | $1,620 |
| Cheap Pekin 4 Bedroom Apartments | $1,050 | $1,000 | $1,100 |
Browse Top Apartments in Pekin
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Pekin, IL Local Guide
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Cheapest Available Pekin Apartments for Rent
 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 |
Best Value Apartments for Rent in Pekin, IL
As of January 15, 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 One Bedroom Model at Willow Oaks Apartments starting at $760 with a $1.04 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 |
| 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 ArticleThe 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.
Read ArticleCash 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.
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
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
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!