
Cheap Homes for Rent in the Central South Neighborhood of Peoria, IL from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Central South area of Peoria.


1806 N Peoria Ave

505 E Virginia Ave

824 W Mac Queen Ave

1400 S Westmoreland Ave
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.

715 W Thrush Ave

412 E Arcadia Ave

1615 S Arago St

609 Tracy St

1220 W John H Gwynn Jr Ave
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.

400 E Thrush Ave

1829 S Stanley St

1714 S Livingston St

1006 E Behrends Ave

730 E McClure 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.

1714 NE Monroe St

1319 W Aiken 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 | $922 | $500 | $1,350 |
| Central South 3 Bedroom Homes for Rent | $1,186 | $680 | $1,750 |
| Central South 4 Bedroom Homes for Rent | $1,261 | $528 | $1,800 |
| Central South 5 Bedroom Homes for Rent | $1,785 | $1,785 | $1,785 |
| Central South 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 17 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 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 107 NE Roanoke Ave | 3 Bedroom | 3BR,1BA | $1.27 |
| Hidden Oaks Apartments | HO36022B | 2BR,2BA | $1.41 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.70 |
| Brandywine Crossing Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.14 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,1BA | $1.23 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.29 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
| ASPEN BLUFF APARTMENTS | One Bedroom One Bathroom | 1BR,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

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.

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.

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.

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.