
Cheap Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL from $400 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peoria area of Peoria.


The Avenue Apartments

Knoxville Manor Apartments

715 Spring St

715 W Ridge Rd

Glenbrook Apartments
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.

Crestwood Apartments

Hollybrook Apartments

2605 W Wardcliffe Dr

Civic Center Plaza Apartments

2700 W Forrest Hill Ave

Brandywine Crossing Apartments

Westporte Apartments

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.

Timberbrook Apartments

EMR Apartments

1505 N Peoria Ave

812 SW Washington St

1312 E Wilson 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.
The 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.

2317 W Kellogg Ave

224 Grandview Ave

4028 N Illinois Ave

4907 N Illinois Ave
Cash 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.
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 | $1,095 | $575 | $1,500 |
Downtown Peoria 1 Bedroom Apartments | $1,331 | $575 | $2,400 |
Downtown Peoria 2 Bedroom Apartments | $1,616 | $750 | $2,775 |
Downtown Peoria 3 Bedroom Apartments | $1,380 | $1,200 | $1,775 |
Downtown Peoria 4 Bedroom Apartments | $3,300 | $3,300 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 1 mile radius of the Downtown Peoria Neighborhood of Peoria, IL.
See all Apartments in PeoriaExplore Peoria
Downtown Peoria, Peoria, IL Local Guide
- Nearby Peoria neighborhoods
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- School Districts
Cheapest Available Downtown Peoria Apartments for Rent
 The cheapest available apartment rental in the Downtown Peoria area of Peoria, IL is a 1 Bed unit found at Linn St Commons priced from $600. The Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Downtown Peoria apartments for rent in Peoria, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Linn St Commons | 1BR/1BA | 1BR,1BA | $600 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $775 |
Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $775 |
Civic Center Plaza Apartments | Studio | Studio,1BA | $803 |
Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $850 |
Forrest Edge Apartments | 2 bed 1.5 bath | 2BR,1BA | $875 |
Covington Place | 2BR/1BA garden level | 2BR,1BA | $900 |
Best Value Apartments for Rent in Downtown Peoria, IL
As of October 10, 2025 the best value apartment in the Downtown Peoria area is the $0.90 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter, Unit 3 in the in the Averyville neighborhood starting from $1,350. The second greatest value Downtown Peoria apartment is the 1 BR Model at 511 W High St starting at $950 with a $0.81 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Downtown Peoria apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
501 W Columbia Ter, Unit 3 | 501 W Columbia Ter | 3BR,1BA | $0.90 |
511 W High St | 1 BR | 1BR,1BA | $0.81 |
2315 N Bigelow St, Unit A | 2315 N Bigelow St | 2BR,1BA | $0.95 |
Covington Place | 2 BR/1.5BA - 2nd/3rd floor | 2BR,1.5BA | $0.97 |
Stonecrest | 2 Bedroom | 2BR,1BA | $1.06 |
Glen Willows | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.06 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $0.99 |
109 Stewart St, Unit 2 | 109 Stewart St | 1BR,1BA | $1.00 |
Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
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Pet Friendly LifestyleDowntown Peoria, Peoria, IL
Ranked #12
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
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Peoria, IL. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Downtown Peoria Neighborhood in Peoria, IL
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
41 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Civic Center Plaza Apartments listed at $803.
How much is rent for a Cheap One Bedroom Downtown Peoria Apartment?
The lowest price for a Cheap One Bedroom Downtown Peoria Apartment is $600 at Linn St Commons.
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 812 Lofts and starts from $1,625.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.