Cheap Homes for Rent in Pekin, IN from $600 (10 Rentals)

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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. 1743 Culbertson Ave in the Downtown New Albany neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$700
Stone Creek Apartments I & II1 Bed 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Pekin, IN and Nearby

As of October 14, 2025 the best value apartment in the Pekin area is the $0.96 price per square foot Three Bedroom Two Bath Model at Sheffield Square in the in the Downtown New Albany neighborhood starting from $1,592. The second greatest value Pekin apartment is the 3 Bedroom 2 Bath Model at Knobs Pointe Apartments starting at $1,425 with a $0.89 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.
Sheffield SquareThree Bedroom Two Bath3BR,2BA$0.96
Knobs Pointe Apartments3 Bedroom 2 Bath3BR,2BA$0.89
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.01
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$0.94
Plaza Square Apartments2x12BR,1BA$1.00
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$1.08
High Park Apartments2 Bedroom2BR,1BA$1.04
Courtyard Apartments2.1B2BR,1BA$1.09
Stone Creek Apartments I & II1 Bed 1 Bath1BR,1BA$1.11
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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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 $1,950. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pekin ranging from $699 to $2,550.

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 $699 to $2,550 with an average monthly rent of $1,465.

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.

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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.

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.