Cheap Homes for Rent in Central South Neighborhood of Peoria, IL from $400 (31 Rentals)

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

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.

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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.

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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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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
Westporte ApartmentsWPSTStudio,1BA$790
Civic Center Plaza ApartmentsStudioStudio,1BA$825
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850
Crestwood Apartments2 bed 1 bath *2BR,1BA$850
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$850
Forrest Edge Apartments2 bed 1.5 bath2BR,1BA$875
Marquette PlaceStudioStudio,1BA$880

Best Value Apartments for Rent in Central South, IL

As of January 09, 2026 the best value apartment in the Central South area is the $0.95 price per square foot 2 BR Model at 511 W High St in the in the Averyville neighborhood starting from $2,100. The second greatest value Central South apartment is the 417 W Columbia Ter Model at 417 W Columbia Ter, Unit #2 starting at $1,850 with a $1.03 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 ListingModel NameBed/BathPrice Per Sq.Ft.
511 W High St2 BR2BR,3BA$0.95
417 W Columbia Ter, Unit #2417 W Columbia Ter2BR,1BA$1.03
Hidden Oaks ApartmentsHO36012B2BR,2BA$1.36
Crestwood Apartments2 bed 1 bath *2BR,1BA$0.94
Stonecrest2 Bedroom2BR,1BA$1.28
1012 W Armstrong Ave, Unit 1012-11012 W Armstrong Ave3BR,1BA$0.99
Linn St Commons1BR/1BA1BR,1BA$0.87
Brandywine Crossing Apartments1 Bedroom1BR,1BA$1.38
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38

Frequently Asked Questions about Central South

What type of rentals are currently available in Central South?

There are currently 157 Apartments for Rent in Central South, IL with pricing that ranges from $547 to $2,500. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central South ranging from $495 to $2,500.

What is the current price range for Rental Homes in Central South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central South ranges from $495 to $2,500 with an average monthly rent of $1,224.

How much are larger Three and Four Bedroom Rentals in Central South?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central South range from $620 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $630.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!