Cheap Apartments for Rent in Peoria County, IL from $400 (77 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
International Place
Studio to 2 Bedroom Apartments

International Place

6500 N University StPeoria, IL 61614
  • Utilities Included
close
View Me
1217 W Chestnut St
1 to 2 Bedroom Apartments

1217 W Chestnut St

1217 W Chestnut StChillicothe, IL 61523
close
View Me
Pine Hill
1 to 2 Bedroom Apartments

Pine Hill

806-808 W Pine Hill LnPeoria, IL 61614
  • Utilities Included
close
View Me
Richwoods Plaza
1 to 2 Bedroom Apartments

Richwoods Plaza

6709 N University StPeoria, IL 61614
  • Utilities Included
close
View Me
1833 N Wisconsin Ave
Studio to 1 Bedroom Apartments

1833 N Wisconsin Ave

1833 N Wisconsin AvePeoria, IL 61603
  • Utilities Included
close
View Me
Madison Links Apartments
1 to 2 Bedroom Apartments

Madison Links Apartments

2405 Martin Luther King Jr DrPeoria, IL 61604
  • Utilities Included
close
View Me
3013-3021 N Woodbine Ter
1 to 2 Bedroom Apartments

3013-3021 N Woodbine Ter

3013-3021 N Woodbine TerPeoria, IL 61604
  • Utilities Included
close
View Me
Montclair Terrace
1 to 2 Bedroom Apartments

Montclair Terrace

5227 N Montclair AvePeoria Heights, IL 61616
  • Utilities Included

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.

Read Article
close
View Me
2112-2117 N Linn St
1 Bedroom Apartments

2112-2117 N Linn St

2112-2117 N Linn StPeoria, IL 61604
  • Utilities Included
close
View Me
8710 W Main St
Studio Apartments

8710 W Main St

8710 W Main StMapleton, IL 61547
close
View Me
Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614
close
View Me
Peoria Flats
1 to 3 Bedroom Apartments

Peoria Flats

2317-2331 Martin Luther King Jr DrPeoria, IL 61604
close
View Me
Timberpoint Apartments
1 to 3 Bedroom Apartments

Timberpoint Apartments

12225 N Woodcrest DrDunlap, IL 61525
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

Cheapest Available Peoria County Apartments for Rent

 

The cheapest available apartment rental in Peoria County, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. The Avenue Apartments in the Averyville neighborhood 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 Peoria County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cityscape2 Bedroom2BR,2BA$711
The Avenue Apartments1B/ 1BA1BR,1BA$795
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$799
600 W High St1BR/1.0BA1BR,1BA$800
Hollybrook Apartments1 bedroom1BR,1BA$825
Hollow Hills ApartmentsStudio / 1 Bath (518 sqft)Studio,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850

Best Value Apartments for Rent in Peoria County, IL

As of August 17, 2026 the best value apartment in the Peoria County area is the $1.03 price per square foot 616 N Cooper St Model at 616 N Cooper St, Unit A in the in the Averyville neighborhood starting from $1,500. The second greatest value Peoria County apartment is the 2 Bedroom Model at Cityscape starting at $711 with a $0.70 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Peoria County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
616 N Cooper St, Unit A616 N Cooper St2BR,1BA$1.03
Cityscape2 Bedroom2BR,2BA$0.70
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
Forest Hills Apartments1x11BR,1BA$1.03
Hollybrook Apartments1 bedroom1BR,1BA$1.06
600 W High St1BR/1.0BA1BR,1BA$1.12
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
1401 E Richwoods Blvd, Unit 31401 E Richwoods Blvd1BR,1BA$1.08

Frequently Asked Questions about Cheap Peoria County Apartments

What is a cheap apartment in Peoria County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peoria County is under $850.

What is the price of a cheap apartment in Peoria County?

The cheapest apartment in Peoria County is The Avenue Apartments which is listed at $795, while the average apartment in Peoria County costs $1,100.

What types of apartments are the cheapest in Peoria County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 28 regular apartments in Peoria County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Peoria County?

Cheap apartments in Peoria County have an average cost of $292 which is $808 cheaper than the average rent for all rentals in Peoria County.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.