
Cheap Homes for Rent in Peoria Heights, IL from $700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Peoria Heights.


824 W Mac Queen Ave

130-132 Fauber Ln

1006 E Behrends Ave

4012 N Boulevard Ave

1117 NE Glendale Ave
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.

800 E Nebraska Ave

811 E Lake Ave

412 E Arcadia Ave

1806 N Peoria Ave

526 Fairholm Ave

1714 NE Monroe St
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.

308 E Archer Ave

4028 N Illinois Ave, Unit 4

905 W Thrush Ave

617 E Republic St

611 Phelps St

627 Fairholm Ave
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.

2006 N Bigelow St

707 E Republic St

4028 N Illinois Ave, Unit 8

306 E Virginia Ave

823 W Bartlett Ct

908 E Maywood Ave
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.

910 W Virginia Ave

802 E London Ave

814 W McClure Ave
Peoria Heights, IL Local Guide

How much does it cost to rent a home in Peoria Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peoria Heights 2 Bedroom Homes for Rent | $1,240 | $733 | $2,400 |
| Peoria Heights 3 Bedroom Homes for Rent | $1,228 | $700 | $1,950 |
| Peoria Heights 4 Bedroom Homes for Rent | $894 | $894 | $894 |
Browse Top Homes for Rent in Peoria Heights
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Peoria Heights, IL Local Guide
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Cheapest Available Peoria Heights Apartments for Rent
 The cheapest available apartment rental in Peoria Heights, IL is a Studio unit found at The Village on University in the Northmoor Knolls neighborhood priced from $725. Winkler Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Peoria Heights apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Village on University | Anderson at Village South | Studio,1BA | $725 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Knoxville Manor Apartments | Level 2 | 1BR,1BA | $900 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $925 |
| Carriage Hill Apartments | 2 Beds, 1 Baths | 2BR,1BA | $950 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $963 |
| Covington Place | 2BR/1BA Signature In Unit Washer & Dryer | 2BR,1BA | $1,045 |
| Covington Court Apartments | CC2PL | 2BR,2BA | $1,295 |
Best Value Apartments for Rent in Peoria Heights, IL
As of June 10, 2026 the best value apartment in the Peoria Heights area is the $0.90 price per square foot 1319 W Daytona Dr Model at 1319 W Daytona Dr, Unit 1 in the in the Northmoor Knolls neighborhood starting from $1,350. The second greatest value Peoria Heights apartment is the 3 Bedroom Model at 107 NE Roanoke Ave starting at $1,525 with a $1.27 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Peoria Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1319 W Daytona Dr, Unit 1 | 1319 W Daytona Dr | 2BR,2BA | $0.90 |
| 107 NE Roanoke Ave | 3 Bedroom | 3BR,1BA | $1.27 |
| Covington Court Apartments | CC2BR | 2BR,2BA | $1.26 |
| Carriage Hill Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.95 |
| Covington Place | 2BR/1.5BA Signature In Unit Wash/Dryer | 2BR,1.5BA | $1.15 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| The Village on University | Tucker Remodel Garden Level | 1BR,1BA | $1.47 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peoria Heights, IL Rentals by Map
See the most popular apartments and homes in Peoria Heights, IL
Frequently Asked Questions about Peoria Heights
What type of rentals are currently available in Peoria Heights?
There are currently 67 Apartments for Rent in Peoria Heights, IL with pricing that ranges from $700 to $2,675. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria Heights ranging from $700 to $2,400.
What is the current price range for Rental Homes in Peoria Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peoria Heights ranges from $700 to $2,400 with an average monthly rent of $1,120.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.