
Cheap Homes for Rent in Central South Neighborhood of Peoria, IL from $400 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Central South area of Peoria.


800 S Greenlawn Ave

602 Haungs Ave

400 E Thrush Ave, Unit A

1214 W Butler St

1516 S Lydia Ave

511 West Elizabeth Street, Unit A

112 E Maywood Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

415 E Frye Ave

1531 S Lydia Ave

602 E Ravine Ave

300 Colona Ave, Unit Unit G

813 W Saint James St

1820 N Peoria Ave

4724 W Merol Ct

710 N Swords Ave
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.

2116 W Garden St

526 Fairholm Ave

211 W Richmond Ave

2211 N Flora Ave

405 Keller St

1411 W Barker Ave

627 Fairholm Ave

319 W Nebraska Ave
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.

2211 W Butler St

611 Phelps St

817 W Nebraska Ave

500 Scenic Park Dr

2408 W Reservoir Blvd

102 N Cedar Ave

3502 N Sterling Ave

906 S Tonti Cir
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.

903 W Brons Ave
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 | $1,038 | $565 | $1,350 |
| Central South 3 Bedroom Homes for Rent | $1,184 | $700 | $1,750 |
| Central South 4 Bedroom Homes for Rent | $1,345 | $795 | $2,000 |
| Central South 5 Bedroom Homes for Rent | $1,662 | $1,575 | $1,750 |
| Central South 6 Bedroom Homes for Rent | $2,466 | $2,200 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 33 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| 107 NE Roanoke Ave | Studio | Studio,1BA | $750 |
| Churchview Garden Homes | 1 Bedroom | 1BR,1BA | $750 |
| Hanssler Court Apartments | 1 Bedroom | 1BR,1BA | $775 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| Carriage Hill Apartments | 1 Beds, 1 Baths | 1BR,1BA | $850 |
| Forrest Edge Apartments | 2 bed 1.5 bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1113 W Moss Ave | A | 2BR,1BA | $0.79 |
| ASPEN BLUFF APARTMENTS | Three Bedrooms Two Bathroom | 3BR,2BA | $1.14 |
| Carriage Hill Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.95 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $1.03 |
| Westporte Apartments | WP2B | 2BR,1BA | $1.27 |
| 511 W High St | 1 BR | 1BR,1BA | $1.19 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| 1012 W Armstrong Ave, Unit 1012-2 | 1012 W Armstrong Ave | 1BR,1BA | $1.06 |
| Churchview Garden Homes | 1 Bedroom | 1BR,1BA | $1.17 |
| The Avenue Apartments | 1B/ 1BA | 1BR,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

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.

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.

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.

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.