824 W Mac Queen Ave
PeoriaIL61604
Cheap Homes for Rent in Pekin, IL from $700 (23 Rentals)
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$8001 Bedroom Apartments Available Now
1514 Sara Ln, Unit 6
1514 Sara LnPekin, IL 61554
1531 S Lydia Ave
PeoriaIL61605
911 N Sheridan Rd
PeoriaIL61606
412 E Arcadia Ave
PeoriaIL61603
1806 N Peoria Ave
PeoriaIL61603
803 N 2nd St
PekinIL61554
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.
526 Fairholm Ave
PeoriaIL61603
906 S Tonti Cir
PeoriaIL61605
1 Williamsburg Ct
PekinIL61554
306 Victor St
East PeoriaIL61611
2211 W Butler St
PeoriaIL61605
903 W Brons Ave
PeoriaIL61604
2408 W Reservoir Blvd
PeoriaIL61604
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.
102 N Cedar Ave
West PeoriaIL61604
429 W Hanssler Pl
PeoriaIL61604
2916 W Meidroth St
PeoriaIL61605
3500 Yorkshire
PeoriaIL61604
814 W McClure Ave
PeoriaIL61604
811 W Purtscher Dr
PeoriaIL61614
3912 N Atlantic Ave
Peoria HeightsIL61616
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.
4111 Blvd
PeoriaIL61614
1318 N Machin Ave
PeoriaIL61606
Showing Results 1-23, Page 1 of 1
Pekin, IL Local Guide
Tazewell County Courthouse by Ammodramus is licensed under CCO 1.0
How much does it cost to rent a home in Pekin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pekin 2 Bedroom Homes for Rent | $1,067 | $733 | $1,500 |
| Pekin 3 Bedroom Homes for Rent | $1,272 | $893 | $1,750 |
| Pekin 4 Bedroom Homes for Rent | $1,129 | $894 | $1,500 |
| Pekin 5 Bedroom Homes for Rent | $1,900 | $1,500 | $2,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Pekin
Explore Pekin
Pekin, IL Local Guide
- Nearby Cities
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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 |
Best Value Apartments for Rent in Pekin, IL and Nearby
As of May 08, 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 1 Williamsburg Ct Model at 1 Williamsburg Ct, Unit A starting at $950 with a $1.03 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 |
| 1 Williamsburg Ct, Unit A | 1 Williamsburg Ct | 2BR,1.5BA | $1.03 |
| 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.
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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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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
Rankin Elementary School
Rankin Community School District 98
Public School - Grades K-8 (203)
8 out of 10
Pekin Community High School
Pekin Community School District 303
Public School - Grades 9-12 (1675)
4 out of 10
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 Pekin
What type of rentals are currently available in Pekin?
There are currently 50 Apartments for Rent in Pekin, IL with pricing that ranges from $740 to $1,495. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pekin ranging from $733 to $2,300.
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 $733 to $2,300 with an average monthly rent of $1,253.
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 $1,015, while Three Bedroom Homes, Condos, and Townhomes for rent range from $893 to $1,750. Four Bedroom Single-Family rentals are also available starting from $894 and Four Bedroom Apartments start at $1,000.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.