Cheap Homes for Rent in Peoria County, IL from $600 (36 Rentals)

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

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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.

property at 627 Fairholm Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

627 Fairholm Ave

PeoriaIL61603
property at 319 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

319 W Nebraska Ave

PeoriaIL61604
property at 611 Phelps St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

611 Phelps St

PeoriaIL61603
property at 617 E Republic St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

617 E Republic St

PeoriaIL61603

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.

Cheapest Available Peoria County Apartments for Rent

 

The cheapest available apartment rental in Peoria County, IL is a Studio unit found at Hollow Hills in the Windchime neighborhood priced from $700. Willow Knolls Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Peoria County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hollow HillsStudioStudio,1BA$700
Willow Knolls ApartmentsStudioStudio,1BA$750
107 NE Roanoke AveStudioStudio,1BA$750
The Avenue Apartments1B/ 1BA1BR,1BA$795
Hollybrook Apartments1 bedroom1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Nordic Villa ApartmentsLoft1BR,1BA$875
Forrest Edge Apartments2 bed 1.5 bath2BR,1BA$875
The Village on UniversityCollins at Village South1BR,1BA$895

Best Value Apartments for Rent in Peoria County, IL

As of May 20, 2026 the best value apartment in the Peoria County area is the $0.93 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter in the in the Averyville neighborhood starting from $1,400. The second greatest value Peoria County apartment is the 1319 W Daytona Dr Model at 1319 W Daytona Dr, Unit 1 starting at $1,400 with a $0.93 price per square foot in the Northmoor Knolls 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.
501 W Columbia Ter501 W Columbia Ter3BR,1BA$0.93
1319 W Daytona Dr, Unit 11319 W Daytona Dr2BR,2BA$0.93
ASPEN BLUFF APARTMENTSThree Bedrooms Two Bathroom3BR,2BA$1.14
3706 N Donna Ln, Unit 3706 N Donna Lane3706 N Donna Ln3BR,1BA$1.08
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
502 W High St1 Bedroom1BR,1BA$1.03
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Forest Hills Apartments1x11BR,1BA$1.12
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
Hollybrook Apartments1 bedroom1BR,1BA$1.06

Frequently Asked Questions about Peoria County

What type of rentals are currently available in Peoria County?

There are currently 248 Apartments for Rent in Peoria County, IL with pricing that ranges from $547 to $2,675. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria County ranging from $629 to $3,500.

What is the current price range for Rental Homes in Peoria County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Peoria County ranges from $629 to $3,500 with an average monthly rent of $1,201.

How much are larger Three and Four Bedroom Rentals in Peoria County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Peoria County range from $620 to $2,372, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,500. Four Bedroom Single-Family rentals are also available starting from $795 and Four Bedroom Apartments start at $630.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.