Cheap Apartments for Rent in the Central South Neighborhood of Peoria, IL from $400 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central South area of Peoria.

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.

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1833 N Wisconsin Ave
Studio Apartments

1833 N Wisconsin Ave

1833 N Wisconsin AvePeoria, IL 61603
  • Utilities Included
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Golfview Apartments
1 to 3 Bedroom Apartments

Golfview Apartments

2317-2331 Martin Luther King Jr DrPeoria, IL 61604
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Madison Links Apartments
1 to 2 Bedroom Apartments

Madison Links Apartments

2405 Martin Luther King Jr DrPeoria, IL 61604
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3013-3021 N Woodbine Ter
1 to 2 Bedroom Apartments

3013-3021 N Woodbine Ter

3013-3021 N Woodbine TerPeoria, IL 61604
  • Utilities Included

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.

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3405 Kingston Dr
1 to 2 Bedroom Apartments

3405 Kingston Dr

3405 Kingston DrPeoria, IL 61604
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Hurlburt House
1 Bedroom Apartments

Hurlburt House

818 W Hurlburt StPeoria, IL 61605
Senior Living
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Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603
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Meadows Apartments
1 to 2 Bedroom Apartments

Meadows Apartments

140 Bluff St WEast Peoria, IL 61611
  • Utilities Included
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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Hillside Apartments
2 Bedroom Apartments

Hillside Apartments

100 Woodrow DrEast Peoria, IL 61611
  • Utilities Included

Central South, Peoria, IL Local Guide

Cheapest Available Central South Apartments for Rent

 

The cheapest available apartment rental in the Central South area of Peoria, IL is a 1 Bed unit found at Linn St Commons priced from $600. The Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Central South apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$800
Civic Center Plaza ApartmentsStudioStudio,1BA$803
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825

Best Value Apartments for Rent in Central South, IL

As of May 30, 2025 the best value apartment in the Central South area is the $1.39 price per square foot 3207 N Peoria Ave Model at 3207 N Peoria Ave, Unit 5 in the in the Averyville neighborhood starting from $1,200. The second greatest value Central South apartment is the 1BD 1BTH Model at Winkler Place starting at $1,150 with a $1.59 price per square foot in the Moss Bradley neighborhood. Here is today’s list of the best values for Central South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3207 N Peoria Ave, Unit 53207 N Peoria Ave2BR,1BA$1.39
Winkler Place1BD 1BTH1BR,1BA$1.59
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
Linn St Commons1BR/1BA1BR,1BA$0.87
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$1.31
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.34
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$1.34
Westporte ApartmentsWP1B1BR,1BA$1.52
EMR Apartments1 BR Standard Utilities Included1BR,1BA$1.90

Quick Rent Budget Calculator

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Peoria. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central South Apartments

What is a cheap apartment in Central South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central South is under $1,050.

What is the price of a cheap apartment in Central South?

The cheapest apartment in Central South is Linn St Commons which is listed at $600, while the average apartment in Central South costs $1,625.

What types of apartments are the cheapest in Central South?

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 4 regular apartments in Central South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.