
Cheap Homes for Rent in the Central South Neighborhood of Peoria, IL from $500 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Central South area of Peoria.


1806 N Peoria Ave

1315 W John H Gwynn Jr Ave

505 E Virginia Ave

824 W Mac Queen Ave

1507 S Livingston St

1540 W Kettelle St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

412 E Arcadia Ave

1006 E Behrends Ave

419 E Maywood Ave

730 E McClure Ave

2010 West Malone Street

3009 W Antoinette St

2210 W Wiswall St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1125 W McClure Ave

218 W Virginia Ave

1107 W Gilbert Ave

1317 N Ellis St

4204 N Columbus Ave

3821 N Laramie St

1532 W Barker Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

612 E Gift Ave

5217 West Monroe Road
Central South, Peoria, IL Local Guide

How much does it cost to rent a home in Central South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central South 2 Bedroom Homes for Rent | $1,066 | $551 | $2,200 |
| Central South 3 Bedroom Homes for Rent | $1,263 | $662 | $1,750 |
| Central South 4 Bedroom Homes for Rent | $1,310 | $528 | $1,900 |
| Central South 5 Bedroom Homes for Rent | $1,825 | $1,350 | $2,300 |
| Central South 6 Bedroom Homes for Rent | $3,450 | $2,400 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Central South Neighborhood of Peoria, IL.
Explore Peoria
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cityscape | 2 Bedroom | 2BR,2BA | $711 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $795 |
| 600 W High St | 1BR/1.0BA | 1BR,1BA | $800 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Central South, IL
As of September 10, 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 1405 W Barker Ave Model at 1405 W Barker Ave, Unit Bedroom 1 starting at $1,200 with a $1.06 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. |
|---|---|---|---|
| 511 W High St | 2 BR | 2BR,3BA | $0.95 |
| 1405 W Barker Ave, Unit Bedroom 1 | 1405 W Barker Ave | 1BR,1BA | $1.06 |
| Hidden Oaks Apartments | HO36022B | 2BR,2BA | $1.36 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.72 |
| Brandywine Crossing Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.14 |
| 919 W Crestwood Dr | 2BR/1.5BA | 2BR,1.5BA | $1.22 |
| Westporte Apartments | WP2B | 2BR,1BA | $1.31 |
| 600 W High St | 1BR/1.0BA | 1BR,1BA | $1.12 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.29 |
Frequently Asked Questions about Central South
What type of rentals are currently available in Central South?
There are currently 155 Apartments for Rent in Central South, IL with pricing that ranges from $547 to $2,500. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central South ranging from $528 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 $528 to $4,500 with an average monthly rent of $1,274.
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 $662 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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.