Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL Under $1,500 (156 Rentals)

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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.

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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.

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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.

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property at 1110 N Maplewood Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2.5 Bath Home for Rent

Available Aug 9, 2027

1110 N Maplewood Ave

PeoriaIL61606
property at 915 W Macqueen Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

3 Bedroom, 1 Bath Home for Rent

Available Now

915 W Macqueen Ave

PeoriaIL61604
property at 506 N Institute Pl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

4 Bedroom, 1 Bath Home for Rent

Available Aug 1, 2027

506 N Institute Pl

PeoriaIL61606
property at 1809 W Laura Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

4 Bedroom, 2 Bath Home for Rent

Available Now

1809 W Laura Ave

PeoriaIL61606
property at 408 N Glenwood Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Sep 1

408 N Glenwood Ave

PeoriaIL61606

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.

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Showing Results 1-50, Page 1 of 4

Downtown Peoria, Peoria, IL Local Guide

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Downtown Peoria, Peoria, IL

Ranked #3

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Peoria, Peoria, IL

School data provided by Great Schools

Frequently Asked Questions about Downtown Peoria

How much are Studio apartments in Downtown Peoria?

There are currently 38 Studio Apartments in Downtown Peoria with rent ranges from $795 to $1,600 with an average price of $1,180.

What is the current price range for One Bedroom Downtown Peoria Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Peoria ranges from $777 to $2,500 with an average monthly rent of $1,405.

What does renting a Two Bedroom Apartment in Downtown Peoria cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Peoria range from $547 to $2,675. Today's average rental price for Two Bedrooms here is $1,446.

How expensive are Downtown Peoria Three Bedroom Apartments?

There are currently 18 Three Bedroom Apartments listings available in Downtown Peoria on ApartmentHomeLiving.com. The pricing ranges from $620 to $1,800 - averaging $1,238 for the location.

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

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.