
Cheap Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peoria area of Peoria.


2615 W Hayes St

1711 N Peoria Ave

The Avenue Apartments

517 Vine St

Knoxville Manor Apartments

1318 E Frye 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.

1804 N New York Ave

1614 W Smith St

Stonecrest

Glenbrook Apartments

Hanssler Court Apartments

1401 West Adrian G. Hinton Avenue

Civic Center Plaza Apartments

Hollybrook 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.

Crestwood Apartments

Westporte Apartments

Brandywine Crossing Apartments

Timberbrook Apartments

1522 W Widenham St
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.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

108 Oakdale Rd

1101 Pekin Ave

120 Linden St
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 | $1,176 | $575 | $1,889 |
Downtown Peoria 1 Bedroom Apartments | $1,110 | $575 | $2,150 |
Downtown Peoria 2 Bedroom Apartments | $1,252 | $595 | $2,675 |
Downtown Peoria 3 Bedroom Apartments | $1,616 | $1,050 | $2,400 |
Downtown Peoria 4 Bedroom Apartments | $1,199 | $899 | $1,500 |
Browse Apartments in this Neighborhood
There are currently 46 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
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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 |
Hanssler Court Apartments | 1 Bedroom | 1BR,1BA | $775 |
Civic Center Plaza Apartments | Studio | Studio,1BA | $803 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
Westporte Apartments | WP1B | 1BR,1BA | $850 |
Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $850 |
Marquette Place | Studio | Studio,1BA | $880 |
Best Value Apartments for Rent in Downtown Peoria, IL
As of June 17, 2025 the best value apartment in the Downtown Peoria area is the $1.04 price per square foot 3709 N Donna Ln Model at 3709 N Donna Ln, Unit 3709 in the in the Sunset Hills neighborhood starting from $1,039. The second greatest value Downtown Peoria apartment is the 2 BR/1.5BA - 2nd/3rd floor Model at Covington Place starting at $925 with a $0.97 price per square foot in the Northmoor Knolls 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. |
---|---|---|---|
3709 N Donna Ln, Unit 3709 | 3709 N Donna Ln | 2BR,1BA | $1.04 |
Covington Place | 2 BR/1.5BA - 2nd/3rd floor | 2BR,1.5BA | $0.97 |
Glen Willows | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.06 |
3207 N Peoria Ave, Unit 5 | 3207 N Peoria Ave | 2BR,1BA | $1.39 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.34 |
Hanssler Court Apartments | 1 Bedroom | 1BR,1BA | $1.29 |
Quick 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 #1
Among neighborhoods in Peoria, IL 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.