
Cheap Apartments for Rent in Peoria, IL from $400 (119 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Peoria.


511 W High St

730 E McClure Ave

3912 N New York Ave

Twin Towers Place

1514 N Pierson Ave

Forest Park Apartments

2719 W Radan Ct

4009 N Becker Dr

Total Monthly Price
500 Cass St, Unit 500 Cass St

4028 N Illinois Ave, Unit 4

Dunlap Lakeside

Montclair Terrace

Timberpoint Apartments

1107 Pekin Ave

Morning Side Manor Apartments

Hillside Apartments

1512 E Gardner Ln

The Hillsides
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 | $1,020 | $700 | $1,500 |
| Cheap Peoria 1 Bedroom Apartments | $1,187 | $695 | $2,250 |
| Cheap Peoria 2 Bedroom Apartments | $1,386 | $547 | $2,675 |
| Cheap Peoria 3 Bedroom Apartments | $1,382 | $620 | $2,162 |
| Cheap Peoria 4 Bedroom Apartments | $630 | $630 | $630 |
Browse Top Apartments in Peoria
See all Apartments in PeoriaExplore Peoria
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 $890.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is Knoxville Manor Apartments which is listed at $775, while the average apartment in Peoria costs $1,673.
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 112 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 $271 which is $1,402 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.