Cheap Homes for Rent in Pekin, IL from $500 (9 Rentals)

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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.

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.

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 528 Henrietta priced from $750. Sunset Hills Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $925. Here is today’s list of the most affordable Pekin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
528 Henrietta1BR/1.0BA1BR,1BA$750
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 August 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 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
528 Henrietta1BR/1.0BA1BR,1BA$1.25

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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Frequently Asked Questions about Pekin

What type of rentals are currently available in Pekin?

There are currently 48 Apartments for Rent in Pekin, IL with pricing that ranges from $750 to $1,620. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pekin ranging from $528 to $4,500.

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 $528 to $4,500 with an average monthly rent of $1,312.

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 $1,620, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $1,750. Four Bedroom Single-Family rentals are also available starting from $528 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

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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.