Cheap Apartments for Rent in Pekin, IN from $400 (41 Rentals)

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

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.

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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.

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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.

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Foxtail Pointe
2 to 3 Bedroom Apartments

Foxtail Pointe

8810 Old Highway 60Sellersburg, IN 47172
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1743 Culbertson Ave
1 Bedroom Apartments

1743 Culbertson Ave

1743 Culbertson AveNew Albany, IN 47150
  • Utilities Included

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.

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High Peaks
2 Bedroom Apartments

High Peaks

9815 US-150Greenville, IN 47124
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Arbor Place Apartments
1 to 2 Bedroom Apartments

Arbor Place Apartments

200 Arbor PlNew Albany, IN 47150
  • Utilities Included

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.

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Pekin, IN Local Guide

Cheapest Available Pekin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pekin, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Mason Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Pekin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Mason Manor Apartments31BR,1BA$595
Brookview GlenStudioStudio,1BA$719
Courtyard Apartments1.1B1BR,1BA$740
The Monroe1 Bedroom and 1 Bathroom1BR,1BA$899
701-709 Etzler Dr2 Bedroom2BR,1BA$900
Meadows at Green TreeThe Prairie2BR,1BA$905
Glenview Apartments1 Bedroom1BR,1BA$909
Huntley Ridge New AlbanyWillow2BR,1BA$935
Ashby1 Bedroom 1 Bathroom - Small1BR,1BA$937

Best Value Apartments for Rent in Pekin, IN and Nearby

As of June 13, 2026 the best value apartment in the Pekin area is the $1.06 price per square foot 2BR/1.5BA Model at Lochwood in the in the Southern Indiana neighborhood starting from $1,275. The second greatest value Pekin apartment is the The Arbor Model at Arbor Place Apartments starting at $1,150 with a $0.96 price per square foot in the Southern Indiana neighborhood. 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.
Lochwood2BR/1.5BA2BR,1.5BA$1.06
Arbor Place ApartmentsThe Arbor2BR,1.5BA$0.96
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Adelyn Apartments4229-82BR,2BA$1.03
Huntley Ridge New AlbanyWillow2BR,1BA$0.94
Plaza Square Apartments2x12BR,1BA$1.00
Valley RidgeTwo Bedroom Townhome2BR,1BA$1.03
701-709 Etzler Dr2 Bedroom2BR,1BA$1.00
Courtyard Apartments1.1B1BR,1BA$1.07
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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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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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Pekin, IN

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

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Frequently Asked Questions about Cheap Pekin Apartments

What is the Cheapest Studio apartment in Pekin?

Currently the most affordable Cheap Studio Apartment in Pekin is at Brookview Glen listed at $719.

How much is rent for a Cheap One Bedroom Pekin Apartment?

The lowest price for a Cheap One Bedroom Pekin Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

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 $863 at Courtyard Apartments.

What is the most affordable Pekin Three Bedroom Apartment?

The best deal on a cheap Pekin Three Bedroom Apartment rental is at Valley Ridge and starts from $1,138.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.