Cheap Homes for Rent in Peoria County, IL from $500 (48 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.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes 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
property at 1411 W Barker Ave

$950 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,200
Total Monthly Price
$950 - $1,200

1 To 2 Bedroom Homes for Rent

Available Now

1411 W Barker Ave

PeoriaIL61606
property at 308 E Virginia Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

308 E Virginia Ave

PeoriaIL61603
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

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

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 1-48, Page 1 of 1

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
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Hollow Hills Apartments1 Bed / 1 Bath (615 sqft)1BR,1BA$849
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850

Best Value Apartments for Rent in Peoria County, IL

As of August 19, 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 616 N Cooper St Model at 616 N Cooper St, Unit A starting at $1,500 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
616 N Cooper St, Unit A616 N Cooper St2BR,1BA$1.03
1405 W Barker Ave, Unit Bedroom 11405 W Barker Ave1BR,1BA$1.06
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
Forest Hills Apartments1x11BR,1BA$1.00
Hollybrook Apartments1 bedroom1BR,1BA$1.06
600 W High St1BR/1.0BA1BR,1BA$1.12
1401 E Richwoods Blvd, Unit 31401 E Richwoods Blvd1BR,1BA$1.08

Frequently Asked Questions about Peoria County

What type of rentals are currently available in Peoria County?

There are currently 250 Apartments for Rent in Peoria County, IL with pricing that ranges from $547 to $2,675. There are also 102 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria County ranging from $600 to $4,500.

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 $600 to $4,500 with an average monthly rent of $1,431.

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 $2,072, while Three Bedroom Homes, Condos, and Townhomes for rent range from $784 to $3,500. Four Bedroom Single-Family rentals are also available starting from $702 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 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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.