Cheap Homes for Rent in Central South Neighborhood of Peoria, IL from $400 (33 Rentals)

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

property at 1616 W Barker Ave

$450

Total Monthly Price

Total Monthly Price

Base Rent
$450

Total Monthly Price
$450

1 Bedroom, 2.5 Bath Home for Rent

Available Now

1616 W Barker Ave

PeoriaIL61606

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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 May 1

415 E Frye Ave

PeoriaIL61603
property at 813 W Saint James St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

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property at 1411 W Barker Ave

$950 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,200

Total Monthly Price
$950 - $1,200

2 To 3 Bedroom Homes for Rent

Available Jun 1

1411 W Barker Ave

PeoriaIL61606
property at 627 Fairholm Ave

$975

Total Monthly Price

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 319 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

319 W Nebraska Ave

PeoriaIL61604

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property at 611 Phelps St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

611 Phelps St

PeoriaIL61603
property at 817 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

817 W Nebraska Ave

PeoriaIL61604

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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.

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. 107 NE Roanoke Ave has the second lowest priced unit, which is a Studio 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
107 NE Roanoke AveStudioStudio,1BA$750
Churchview Garden Homes1 Bedroom1BR,1BA$750
Hanssler Court Apartments1 Bedroom1BR,1BA$775
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Carriage Hill Apartments1 Beds, 1 Baths1BR,1BA$850
Forrest Edge Apartments2 bed 1.5 bath2BR,1BA$875

Best Value Apartments for Rent in Central South, IL

As of April 27, 2026 the best value apartment in the Central South area is the $0.79 price per square foot A Model at 1113 W Moss Ave in the in the Averyville neighborhood starting from $950. The second greatest value Central South apartment is the Three Bedrooms Two Bathroom Model at ASPEN BLUFF APARTMENTS starting at $1,150 with a $1.14 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.
1113 W Moss AveA2BR,1BA$0.79
ASPEN BLUFF APARTMENTSThree Bedrooms Two Bathroom3BR,2BA$1.14
Carriage Hill Apartments2 Beds, 1 Baths2BR,1BA$0.95
502 W High St1 Bedroom1BR,1BA$1.03
Westporte ApartmentsWP2B2BR,1BA$1.27
511 W High St1 BR1BR,1BA$1.19
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
1012 W Armstrong Ave, Unit 1012-21012 W Armstrong Ave1BR,1BA$1.06
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 156 Apartments for Rent in Central South, IL with pricing that ranges from $547 to $2,500. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central South ranging from $450 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 $450 to $2,800 with an average monthly rent of $1,433.

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 $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $1,750. Four Bedroom Single-Family rentals are also available starting from $795 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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.