Cheap Apartments for Rent in Peoria Heights, IL from $700 (65 Rentals)

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

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Montclair Terrace
1 to 2 Bedroom Apartments

Montclair Terrace

5227 N Montclair AvePeoria Heights, IL 61616
  • Utilities Included
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The Hillsides
1 to 2 Bedroom Apartments

The Hillsides

4731 N Galena RdPeoria Heights, IL 61616
  • Utilities Included
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1512 E Gardner Ln
1 to 3 Bedroom Apartments

1512 E Gardner Ln

1512 E Gardner LnPeoria Heights, IL 61616

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.

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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.

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property at 4204 N Columbus Ave
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Oct 1
Affordability

4204 N Columbus Ave

PeoriaIL61614
property at 627 Fairholm Ave
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

627 Fairholm Ave

PeoriaIL61603

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.

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International Place
Studio to 2 Bedroom Apartments

International Place

6500 N University StPeoria, IL 61614
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Pine Hill
1 to 2 Bedroom Apartments

Pine Hill

806-808 W Pine Hill LnPeoria, IL 61614
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Richwoods Plaza
1 to 2 Bedroom Apartments

Richwoods Plaza

6709 N University StPeoria, IL 61614
  • 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.

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1833 N Wisconsin Ave
Studio to 1 Bedroom Apartments

1833 N Wisconsin Ave

1833 N Wisconsin AvePeoria, IL 61603
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2112-2117 N Linn St
1 Bedroom Apartments

2112-2117 N Linn St

2112-2117 N Linn StPeoria, IL 61604
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Kellar Commons
1 to 2 Bedroom Apartments

Kellar Commons

6517 N Lexington DrPeoria, IL 61614
  • 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.

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Peoria Heights, IL Local Guide

Cheapest Available Peoria Heights Apartments for Rent

 

The cheapest available apartment rental in Peoria Heights, IL is a 1 Bed unit found at Winkler Village Apartments in the Woodford County neighborhood priced from $725. Hollybrook Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Peoria Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Hollybrook Apartments1 bedroom1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Knoxville Manor1BR/1.0BA1BR,1BA$850
1512 E Gardner Ln1BR/1.0BA1BR,1BA$875
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$925
The Village on UniversityTucker Remodel Garden Level1BR,1BA$955
919 W Crestwood Dr2BR/1.5BA2BR,1BA$995
Covington Place2BR/1BA Signature In Unit Washer & Dryer2BR,1BA$1,045
Covington Court ApartmentsCC2PL2BR,2BA$1,295

Best Value Apartments for Rent in Peoria Heights, IL

As of September 14, 2026 the best value apartment in the Peoria Heights area is the $1.26 price per square foot CC2BR Model at Covington Court Apartments in the in the Northmoor Knolls neighborhood starting from $1,295. The second greatest value Peoria Heights apartment is the 2BR/1.5BA Signature In Unit Wash/Dryer Model at Covington Place starting at $1,095 with a $1.15 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Peoria Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Covington Court ApartmentsCC2BR2BR,2BA$1.26
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
919 W Crestwood Dr2BR/1.5BA2BR,1.5BA$1.22
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Knoxville Manor1BR/1.0BA1BR,1BA$1.21
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
The Village on UniversityTucker Remodel at Village North1BR,1BA$1.50

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Peoria Heights Apartments

How much is rent for a Cheap One Bedroom Peoria Heights Apartment?

The lowest price for a Cheap One Bedroom Peoria Heights Apartment is $725 at Winkler Village Apartments.

What is the lowest price for a Cheap Two Bedroom Peoria Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peoria Heights is starting from $900 at Crestwood Apartments.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.