
Cheap Apartments for Rent in Peoria, IL from $400 (99 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Peoria.


Flats at Dunlap

The Grove Apartments

812 SW Washington St

3417 Baskin Ridge

Forest Park Apartments

4021 S Ricketts Ave

4028 N Illinois Ave

4026 N Illinois Ave

Dunlap Lakeside
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 | $999 | $575 | $1,500 |
| Cheap Peoria 1 Bedroom Apartments | $1,159 | $575 | $2,500 |
| Cheap Peoria 2 Bedroom Apartments | $1,400 | $547 | $2,675 |
| Cheap Peoria 3 Bedroom Apartments | $1,408 | $620 | $3,200 |
| Cheap Peoria 4 Bedroom Apartments | $1,965 | $630 | $3,300 |
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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 $825.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is Linn St Commons which is listed at $600, while the average apartment in Peoria costs $2,071.
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 80 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 $288 which is $1,783 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






































