Cheap Homes for Rent in Peoria Heights, IL from $500 (14 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Linn St Commons in the Averyville neighborhood priced from $600. Knoxville Manor Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Peoria Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Winkler Village Apartments1BD 1BTH1BR,1BA$725
The Village on UniversityAnderson at Village SouthStudio,1BA$775
1512 E Gardner Ln3 Bed 1 Bath3BR,1BA$795

Best Value Apartments for Rent in Peoria Heights, IL

As of May 30, 2025 the best value apartment in the Peoria Heights area is the $0.66 price per square foot 3 Bed 1 Bath Model at 1512 E Gardner Ln in the in the Northmoor Knolls neighborhood starting from $795. The second greatest value Peoria Heights apartment is the 2 BR/1.5BA - 2nd/3rd floor Model at Covington Place starting at $925 with a $0.97 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.
1512 E Gardner Ln3 Bed 1 Bath3BR,1BA$0.66
Covington Place2 BR/1.5BA - 2nd/3rd floor2BR,1.5BA$0.97
Glen Willows2 Bedroom 1.5 Bathroom2BR,1.5BA$1.06
Versailles ApartmentsRoyal - 2BR / 1BA2BR,1BA$1.05
3207 N Peoria Ave, Unit 53207 N Peoria Ave2BR,1BA$1.39
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
Linn St Commons1BR/1BA1BR,1BA$0.87
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
The Village on UniversityKing Remodel at Village NorthStudio ,1BA$1.64

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Frequently Asked Questions about Peoria Heights

What type of rentals are currently available in Peoria Heights?

There are currently 68 Apartments for Rent in Peoria Heights, IL with pricing that ranges from $575 to $3,200. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria Heights ranging from $550 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 $550 to $2,400 with an average monthly rent of $1,086.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.