
Cheap Apartments for Rent in Peoria, IL from $547 (144 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Peoria.


3417 Baskin Ridge

3106-3108 W Westport Rd

Winkler Lofts

1831 S Westmoreland Ave

1809 W Laura Ave

Oak Woods Apartments

International Place

1521 S Westmoreland Ave

Pine Hill
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.

1806 N Peoria Ave

Richwoods Plaza

1833 N Wisconsin Ave

Madison Links Apartments

3013-3021 N Woodbine Ter

1315 W John H Gwynn Jr Ave

505 E Virginia Ave

1711 N Peoria Ave

824 W Mac Queen Ave

Kingston Apartments
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.

Peoria North Apartments

2112-2117 N Linn St

1204 NE Madison Ave

517 Vine St

Tiffany Pointe

Stewarts Glen & Ravine

1507 S Livingston St

Peoria Flats

3405 Kingston Dr

1540 W Kettelle St
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.

412 E Arcadia Ave

Hurlburt House

Woodhue Apartments

Cityscape

Woods + Meadow Apartments

4809 Knoxville Ave

1504 W Tiffany Dr

1502 W Tiffany Dr

Sandmeyer Flats

Kellar Commons
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.

Hanssler Court Apartments

Churchview Garden Homes

Willow Way

600 W High St

Glen Oak Manor

Schlarman House

805 W Pine Hill Ln

Briargate Apartments

730 E McClure Ave

2010 West Malone Street
Peoria, IL Local Guide

How much does it cost to rent an apartment in Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Peoria Studio Apartments | $1,040 | $650 | $1,600 |
| Cheap Peoria 1 Bedroom Apartments | $1,283 | $775 | $2,500 |
| Cheap Peoria 2 Bedroom Apartments | $1,357 | $547 | $2,675 |
| Cheap Peoria 3 Bedroom Apartments | $1,452 | $620 | $2,082 |
| Cheap Peoria 4 Bedroom Apartments | $630 | $630 | $630 |
Browse Top Apartments in Peoria
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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 $875.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is The Avenue Apartments which is listed at $795, while the average apartment in Peoria costs $1,194.
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 $241 which is $953 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

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.

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.