Cheap Homes for Rent in Central South Neighborhood of Peoria, IL from $600 (34 Rentals)

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

property at 1411 W Barker Ave

$800 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,200

Total Monthly Price
$800 - $1,200

2 To 3 Bedroom Homes for Rent

Available Jun 1

1411 W Barker Ave

PeoriaIL61606
property at 415 E Frye Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

415 E Frye Ave

PeoriaIL61603

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.

property at 813 W Saint James St

$875

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Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

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.

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.

property at 627 Fairholm Ave

$975

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Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

627 Fairholm Ave

PeoriaIL61603
property at 611 Phelps St

$975

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Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

611 Phelps St

PeoriaIL61603

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.

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 The Avenue Apartments priced from $650. Churchview Garden Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Central South apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
The Avenue Apartments1B/ 1BA1BR,1BA$650
Churchview Garden Homes1 Bedroom1BR,1BA$750
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$850
Carriage Hill Apartments1 Beds, 1 Baths1BR,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 March 13, 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 A Model at 1113 W Moss Ave starting at $1,000 with a $0.83 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
1113 W Moss AveA2BR,1BA$0.83
ASPEN BLUFF APARTMENTSThree Bedrooms Two Bathroom3BR,2BA$1.14
Stonecrest2 Bedroom2BR,1BA$1.28
Westporte ApartmentsWP2B2BR,1BA$1.27
3207 N Peoria Ave, Unit 13207 N Peoria Ave2BR,1BA$1.18
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
1200 N Orange St, Unit Basement Studio #41200 N Orange StStudio ,1BA$1.23
Churchview Garden Homes1 Bedroom1BR,1BA$1.17
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

Frequently Asked Questions about Central South

What type of rentals are currently available in Central South?

There are currently 164 Apartments for Rent in Central South, IL with pricing that ranges from $547 to $3,000. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central South ranging from $629 to $2,800.

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 $629 to $2,800 with an average monthly rent of $1,503.

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 $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $748 to $2,150. Four Bedroom Single-Family rentals are also available starting from $1,050 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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.