
Cheap Apartments for Rent in the Central South Neighborhood of Peoria, IL from $400 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central South area of Peoria.


The Avenue Apartments

715 W Ridge Rd

1311 N Flora Ave

Crestwood Apartments

Civic Center Plaza Apartments

2700 W Forrest Hill Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2613 W Wardcliffe Dr

1100 E Corrington Ave

ASPEN BLUFF APARTMENTS

Brandywine Crossing Apartments

Forrest Edge Apartments

3428 W Richwoods Blvd

Timberbrook Apartments

Westporte 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.

2902 N Rockwood Dr

EMR Apartments

1505 N Peoria Ave

3806 N Donna Ln

812 SW Washington St

3417 Baskin Ridge
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.
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.

2317 W Kellogg Ave

224 Grandview Ave

4026 N Illinois Ave

4028 N Illinois Ave

Mel Hasty Retirement Center
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.
Central South, Peoria, IL Local Guide

How much does it cost to rent an apartment in Central South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central South Studio Apartments | $1,106 | $575 | $1,500 |
| Central South 1 Bedroom Apartments | $1,374 | $575 | $2,500 |
| Central South 2 Bedroom Apartments | $1,554 | $750 | $2,440 |
| Central South 3 Bedroom Apartments | $1,316 | $1,150 | $1,895 |
| Central South 4 Bedroom Apartments | $3,300 | $3,300 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Central South Neighborhood of Peoria, IL.
See all Apartments in PeoriaExplore Peoria
Central South, Peoria, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Linn St Commons | 1BR/1BA | 1BR,1BA | $600 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $775 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,1BA | $800 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $803 |
| ASPEN BLUFF APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $850 |
| Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $850 |
| Forrest Edge Apartments | 2 bed 1.5 bath | 2BR,1BA | $875 |
| Westporte Apartments | WP1B | 1BR,1BA | $890 |
Best Value Apartments for Rent in Central South, IL
As of November 08, 2025 the best value apartment in the Central South area is the $1.10 price per square foot F Model at 443 W High St in the in the Averyville neighborhood starting from $1,975. The second greatest value Central South apartment is the 501 W Columbia Ter Model at 501 W Columbia Ter, Unit 3 starting at $1,350 with a $0.90 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Central South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 443 W High St | F | 2BR,2BA | $1.10 |
| 501 W Columbia Ter, Unit 3 | 501 W Columbia Ter | 3BR,1BA | $0.90 |
| Hidden Oaks Apartments | HO36012B | 2BR,2BA | $1.36 |
| 2315 N Bigelow St, Unit A | 2315 N Bigelow St | 2BR,1BA | $0.83 |
| Stonecrest | 2 Bedroom | 2BR,1BA | $1.17 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.11 |
| Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,1BA | $1.23 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.34 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 $890.
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 $3,300.
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 18 regular apartments in Central South 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 Central South?
Cheap apartments in Central South have an average cost of $350 which is $2,950 cheaper than the average rent for all rentals in Central South.
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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.























