Cheap Homes for Rent in Pekin, IN from $700 (13 Rentals)

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

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

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

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
Showing Results 1-13, Page 1 of 1

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. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $378. 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
Brookview GlenStudioStudio,1BA$378
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$700
Stone Creek Apartments I & II1 Bed 1 Bath1BR,1BA$775
Courtyard Apartments2.1A2BR,1BA$845

Best Value Apartments for Rent in Pekin, IN and Nearby

As of August 29, 2025 the best value apartment in the Pekin area is the $0.89 price per square foot 3 Bedroom 2 Bath Model at Knobs Pointe Apartments in the in the Southern Indiana neighborhood starting from $1,425. The second greatest value Pekin apartment is the 2 BEDROOM 2 BATHROOM Model at Ashby Apartments starting at $1,185 with a $0.95 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.
Knobs Pointe Apartments3 Bedroom 2 Bath3BR,2BA$0.89
Ashby Apartments2 BEDROOM 2 BATHROOM2BR,2BA$0.95
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.05
Plaza Square Apartments2x12BR,1BA$1.00
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
High Park Apartments2 Bedroom2BR,1BA$1.01
Courtyard Apartments2.1B2BR,1BA$1.09
Glenview Apartments1 Bedroom1BR,1BA$1.05
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34
Brookview GlenStudioStudio ,1BA$0.95

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, IN

School data provided by Great Schools

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

Explore Pekin, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Pekin, IN

View Map
Pekin, IN Apartments Map
View Map
Pekin, IN Rental Homes Map

Frequently Asked Questions about Pekin

What type of rentals are currently available in Pekin?

There are currently 44 Apartments for Rent in Pekin, IN with pricing that ranges from $200 to $1,670. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pekin ranging from $795 to $2,600.

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 $795 to $2,600 with an average monthly rent of $1,434.

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 The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.