
Cheap 2 Bedroom Apartments for Rent in Peoria, IL from $547 (76 Rentals) Page 2 of 2


3009 W Antoinette St

Sandmeyer Flats

2920 N Woodbine Terr

Forrest Hill Apartments

415-421 W Forrest Lawn 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.

1107 W Gilbert Ave

1532 W Barker Ave

612 E Gift Ave

Kingsway Apartments

Willow Way

Brookview Apartments
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

1102 W McClure Ave

1824 N Gale Ave

Briargate Apartments

1412 W Glen Ave

Savannah Meadows

1312 N Ellis 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.

3201 W Ann St

Twin Towers Place

1404 N Broadway St

Forest Park Apartments

Timberpoint Apartments

Hillside Apartments
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.

The Hillsides

412 N Highland St
Peoria, IL Local Guide

How much does it cost to rent an apartment in Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peoria Studio Apartments | $1,050 | $650 | $1,600 |
| Peoria 1 Bedroom Apartments | $1,265 | $775 | $2,500 |
| Peoria 2 Bedroom Apartments | $1,340 | $547 | $2,675 |
| Peoria 3 Bedroom Apartments | $1,427 | $620 | $2,400 |
| Peoria 4 Bedroom Apartments | $630 | $630 | $630 |
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Frequently Asked Questions about Cheap Peoria Apartments
What is a cheap apartment in Peoria?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peoria is under $850.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is Cityscape which is listed at $711, while the average apartment in Peoria costs $1,214.
What types of apartments are the cheapest in Peoria?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 120 regular apartments in Peoria that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Peoria?
Cheap apartments in Peoria have an average cost of $246 which is $968 cheaper than the average rent for all rentals in Peoria.
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

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.

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.

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.

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.