Cheap Homes for Rent in the Central South Neighborhood of Peoria, IL from $500 (17 Rentals)

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

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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 2 Beds unit found at Cityscape priced from $711. The Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Central South apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Cityscape2 Bedroom2BR,2BA$711
The Avenue Apartments1B/ 1BA1BR,1BA$795
Glen Oak Manor2BR/1.0BA2BR,1BA$800
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825

Best Value Apartments for Rent in Central South, IL

As of July 27, 2026 the best value apartment in the Central South area is the $1.27 price per square foot 3 Bedroom Model at 107 NE Roanoke Ave in the in the Averyville neighborhood starting from $1,525. The second greatest value Central South apartment is the HO36022B Model at Hidden Oaks Apartments starting at $1,450 with a $1.41 price per square foot in the Sunset Hills 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.
107 NE Roanoke Ave3 Bedroom3BR,1BA$1.27
Hidden Oaks ApartmentsHO36022B2BR,2BA$1.41
Cityscape2 Bedroom2BR,2BA$0.70
Brandywine Crossing Apartments2 Bedroom 2 Bath2BR,2BA$1.14
Winkler Place1BD 1BTH1BR,1BA$1.59
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
Glen Oak Manor2BR/1.0BA2BR,1BA$1.23
The Avenue Apartments1B/ 1BA1BR,1BA$1.29
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$1.42

Frequently Asked Questions about Central South

What type of rentals are currently available in Central South?

There are currently 150 Apartments for Rent in Central South, IL with pricing that ranges from $547 to $2,295. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central South ranging from $500 to $4,500.

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 $500 to $4,500 with an average monthly rent of $1,766.

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 $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $1,750. Four Bedroom Single-Family rentals are also available starting from $528 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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.