Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL Under $2,000 (168 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 1017 N Elmwood Ave
$1,875

Total Monthly Price

Base Rent$1,875
Total Monthly Price$1,875
5 Bedroom, 2 Bath Home for Rent
Available Jul 1, 2027
Cost Per Sq.Ft.

1017 N Elmwood Ave

PeoriaIL61606
property at 510 N Institute Pl
$1,875

Total Monthly Price

Base Rent$1,875
Total Monthly Price$1,875
5 Bedroom, 2 Bath Home for Rent
Available Jun 14, 2027

510 N Institute Pl

PeoriaIL61606
property at 4206 N Columbus Ave
$1,800

Total Monthly Price

Base Rent$1,800
Total Monthly Price$1,800
2 Bedroom, 2 Bath Home for Rent
Available Oct 1

4206 N Columbus Ave

PeoriaIL61614
property at 1418 W Barker Ave
$1,750

Total Monthly Price

Base Rent$1,750
Total Monthly Price$1,750
5 Bedroom, 2 Bath Home for Rent
Available Jun 14, 2027
Cost Per Sq.Ft.

1418 W Barker Ave

PeoriaIL61606
property at 1012 N Glenwood Ave
$1,700

Total Monthly Price

Base Rent$1,700
Total Monthly Price$1,700
4 Bedroom, 2 Bath Home for Rent
Available Jun 14, 2027

1012 N Glenwood Ave

PeoriaIL61606
property at 406 N Glenwood Ave
$1,650

Total Monthly Price

Base Rent$1,650
Total Monthly Price$1,650
3 Bedroom, 1 Bath Home for Rent
Available Now

406 N Glenwood Ave

PeoriaIL61606
property at 1416 W Barker Ave
$1,600

Total Monthly Price

Base Rent$1,600
Total Monthly Price$1,600
4 Bedroom, 2 Bath Home for Rent
Available Jun 8, 2027
Cost Per Sq.Ft.

1416 W Barker 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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property at 1110 N Maplewood Ave
$1,500

Total Monthly Price

Base Rent$1,500
Total Monthly Price$1,500
3 Bedroom, 2.5 Bath Home for Rent
Available Aug 9, 2027
Cost Per Sq.Ft.

1110 N Maplewood Ave

PeoriaIL61606
property at 915 W Macqueen Ave
$1,350

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 4210 N Columbus Ave
$1,300

Total Monthly Price

Base Rent$1,300
Total Monthly Price$1,300
2 Bedroom, 1 Bath Home for Rent
Available Oct 1

4210 N Columbus Ave

PeoriaIL61614
property at 1026 N Elmwood Ave
$1,300

Total Monthly Price

Base Rent$1,300
Total Monthly Price$1,300
3 Bedroom, 1 Bath Home for Rent
Available Jun 14, 2027

1026 N Elmwood Ave

PeoriaIL61606
property at 1318 W Clarewood Ave
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
2 Bedroom, 1 Bath Home for Rent
Available Sep 15

1318 W Clarewood Ave

PeoriaIL61614
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property at 506 N Institute Pl
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
4 Bedroom, 1 Bath Home for Rent
Available Aug 1, 2027
Cost Per Sq.Ft.

506 N Institute Pl

PeoriaIL61606
property at 408 N Glenwood Ave
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

408 N Glenwood Ave

PeoriaIL61606
property at 627 Fairholm Ave
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

627 Fairholm Ave

PeoriaIL61603
property at 4204 N Columbus Ave
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Oct 1
Affordability

4204 N Columbus Ave

PeoriaIL61614
Showing Results 1-50, Page 1 of 4

Downtown Peoria, Peoria, IL Local Guide

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.

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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 39 Studio Apartments in Downtown Peoria with rent ranges from $650 to $1,600 with an average price of $1,134.

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 $700 to $2,500 with an average monthly rent of $1,394.

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 $1,431.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.