Cheap Apartments for Rent in Peoria County, IL from $400 (102 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cheapest Available Peoria County Apartments for Rent

 

The cheapest available apartment rental in Peoria County, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. The Avenue Apartments in the Averyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Peoria County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Hollow HillsStudioStudio,1BA$700
Willow Knolls ApartmentsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725
Willow Way1 bed 1 bath Unit 1 bldg 21BR,1BA$800
Old Orchard Trace ApartmentsOO1G1BR,1BA$800
Nordic Villa ApartmentsLoft1BR,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825

Best Value Apartments for Rent in Peoria County, IL

As of January 02, 2026 the best value apartment in the Peoria County area is the $0.95 price per square foot 2 BR Model at 511 W High St in the in the Averyville neighborhood starting from $2,100. The second greatest value Peoria County apartment is the 417 W Columbia Ter Model at 417 W Columbia Ter, Unit #2 starting at $1,850 with a $1.03 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.
511 W High St2 BR2BR,3BA$0.95
417 W Columbia Ter, Unit #2417 W Columbia Ter2BR,1BA$1.03
Flats at DunlapTwo Bedrooms, Two Bathrooms2BR,2BA$1.08
Covington Place2 BR/1.5BA - 2nd/3rd floor2BR,1.5BA$0.97
504 S Sweetbriar Dr2 Beds, 1 Baths2BR,1BA$0.95
Hollybrook Apartments2 bedroom 1. 5 bath2BR,1.5BA$0.90
1012 W Armstrong Ave, Unit 1012-11012 W Armstrong Ave3BR,1BA$0.99
Crestwood Apartments2 bed 1 bath *2BR,1BA$0.94
Linn St Commons1BR/1BA1BR,1BA$0.87
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

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 $825.

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

The cheapest apartment in Peoria County is Linn St Commons which is listed at $600, while the average apartment in Peoria County costs $1,965.

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 24 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 $239 which is $1,726 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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!