
Cheap Apartments for Rent in Peoria, IL from $400 (125 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Peoria.


2203 W Howett St

Briargate Apartments

412 E Arcadia Ave

1806 N Peoria Ave

Oakridge

415-421 W Forrest Lawn Ave

3205 W Ann St

526 Fairholm Ave

308 E Archer Ave

Savannah Meadows

2408 W Reservoir Blvd

903 W Brons Ave

Twin Towers Place

Forest Park Apartments

928 S Stewart St

2719 W Radan Ct

1523 N Pierson Ave

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 | $977 | $575 | $1,500 |
| Cheap Peoria 1 Bedroom Apartments | $1,204 | $650 | $2,500 |
| Cheap Peoria 2 Bedroom Apartments | $1,382 | $547 | $2,675 |
| Cheap Peoria 3 Bedroom Apartments | $1,469 | $620 | $2,500 |
| Cheap 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 $825.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is The Avenue Apartments which is listed at $650, while the average apartment in Peoria costs $1,637.
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 135 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 $367 which is $1,270 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.