
Cheap 2 Bedroom Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL from $547 (27 Rentals)


The Avenue Apartments

Hollybrook Apartments

Crestwood Apartments

2613 W Wardcliffe Dr

Forrest Edge Apartments
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.

Covington Place

2405 N Sheridan Rd

2516 W Newman Pkwy

Brandywine Crossing Apartments

Glen Willows

723 W Armstrong 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.

Glenbrook Apartments

1212 N Frink St

416 W Main St

Westporte Apartments

Madison Links Apartments

Peoria North Apartments
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.

3013-3021 N Woodbine Ter

Peoria Flats

Glen Oak Manor

Sandmeyer Flats

Cityscape Apartments

Hanssler Court Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Meadows Apartments

Hillside Apartments

The Hillsides
Downtown Peoria, Peoria, IL Local Guide

How much does it cost to rent an apartment in Downtown Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Peoria Studio Apartments | $1,090 | $575 | $1,500 |
| Downtown Peoria 1 Bedroom Apartments | $1,332 | $600 | $2,500 |
Downtown Peoria 2 Bedroom Apartments | $1,525 | $547 | $2,675 |
| Downtown Peoria 3 Bedroom Apartments | $1,222 | $620 | $1,800 |
| Downtown Peoria 4 Bedroom Apartments | $630 | $630 | $630 |
Explore Peoria
Downtown Peoria, Peoria, IL Local Guide
- Nearby Peoria neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Peoria, Peoria, IL
Ranked #4
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Peoria, Peoria, IL
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Peoria Apartments
What is the Cheapest Studio apartment in Downtown Peoria?
Currently the most affordable Cheap Studio Apartment in Downtown Peoria is at The Avenue Apartments listed at $750.
How much is rent for a Cheap One Bedroom Downtown Peoria Apartment?
The lowest price for a Cheap One Bedroom Downtown Peoria Apartment is $750 at The Avenue Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Peoria Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Peoria is starting from $750 at The Avenue Apartments.
What is the most affordable Downtown Peoria Three Bedroom Apartment?
The best deal on a cheap Downtown Peoria Three Bedroom Apartment rental is at The Avenue Apartments and starts from $750.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!