Cheap Homes for Rent in Pekin, IL from $400 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

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.

Read Article
property at 710 N Swords Ave

710 N Swords Ave

West PeoriaIL61604

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.

Read Article
Showing Results 1-19, Page 1 of 1

Pekin, IL Local Guide

Cheapest Available Pekin Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Willow Oaks ApartmentsOne Bedroom1BR,1BA$760
Williamsburg TownhousesOne Bedroom1BR,1BA$795

Best Value Apartments for Rent in Pekin, IL

As of November 05, 2025 the best value apartment in the Pekin area is the $1.14 price per square foot 1 Williamsburg Ct Model at 1 Williamsburg Ct, Unit A in the starting from $1,050. The second greatest value Pekin apartment is the 4 Williamsburg Ct Model at 4 Williamsburg Ct, Unit C starting at $850 with a $1.05 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.
1 Williamsburg Ct, Unit A1 Williamsburg Ct2BR,1.5BA$1.14
4 Williamsburg Ct, Unit C4 Williamsburg Ct2BR,1BA$1.05
Willow Oaks ApartmentsOne Bedroom1BR,1BA$1.04
Williamsburg TownhousesOne Bedroom1BR,1BA$1.37

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Pekin, IL

School data provided by Great Schools

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

Explore Pekin, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Pekin, IL

View Map
Pekin, IL Apartments Map
View Map
Pekin, IL Rental Homes Map

Frequently Asked Questions about Pekin

What type of rentals are currently available in Pekin?

There are currently 57 Apartments for Rent in Pekin, IL with pricing that ranges from $699 to $1,520. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pekin ranging from $495 to $2,250.

What is the current price range for Rental Homes in Pekin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pekin ranges from $495 to $2,250 with an average monthly rent of $1,163.

How much are larger Three and Four Bedroom Rentals in Pekin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pekin range from $925 to $1,520, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,000.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.