Cheap Apartments for Rent in the Fairfax Addition Neighborhood of Peoria, IL from $400 (97 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fairfax Addition area of Peoria.

property at 415 E Frye Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available May 1

415 E Frye Ave

PeoriaIL61603

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 813 W Saint James St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

813 W Saint James St

PeoriaIL61606

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.

Read Article
property at 1411 W Barker Ave

$950 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,200
Total Monthly Price
$950 - $1,200

2 To 3 Bedroom Homes for Rent

Available Jun 1

1411 W Barker Ave

PeoriaIL61606

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.

Read Article
property at 611 Phelps St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

611 Phelps St

PeoriaIL61603
property at 817 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

817 W Nebraska Ave

PeoriaIL61604
property at 627 Fairholm Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

627 Fairholm Ave

PeoriaIL61603

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.

Read Article
property at 319 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

319 W Nebraska Ave

PeoriaIL61604

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.

Read Article
Showing Results 1-50, Page 1 of 2

Fairfax Addition, Peoria, IL Local Guide

Cheapest Available Fairfax Addition Apartments for Rent

 

The cheapest available apartment rental in the Fairfax Addition area of Peoria, IL is a 1 Bed unit found at The Avenue Apartments priced from $650. Willow Knolls Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Fairfax Addition apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
The Avenue Apartments1B/ 1BA1BR,1BA$650
Willow Knolls ApartmentsStudioStudio,1BA$750
107 NE Roanoke AveStudioStudio,1BA$750
Hollybrook Apartments1 bedroom1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Carriage Hill Apartments1 Beds, 1 Baths1BR,1BA$850
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$876
The Village on UniversityCollins at Village South1BR,1BA$895
Knoxville Manor ApartmentsLevel 21BR,1BA$900

Best Value Apartments for Rent in Fairfax Addition, IL

As of April 30, 2026 the best value apartment in the Fairfax Addition area is the $0.79 price per square foot A Model at 1113 W Moss Ave in the in the Averyville neighborhood starting from $950. The second greatest value Fairfax Addition apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,300 with a $1.23 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Fairfax Addition apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1113 W Moss AveA2BR,1BA$0.79
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Carriage Hill Apartments2 Beds, 1 Baths2BR,1BA$0.95
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
502 W High St1 Bedroom1BR,1BA$1.03
511 W High St1 BR1BR,1BA$1.19
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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.

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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.

Read Article
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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
Fairfax Addition, Peoria, IL

Ranked #8

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
Fairfax Addition, Peoria, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for Central Peoria. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fairfax Addition Apartments

What is the Cheapest Studio apartment in Fairfax Addition?

Currently the most affordable Cheap Studio Apartment in Fairfax Addition is at Willow Knolls Apartments listed at $750.

How much is rent for a Cheap One Bedroom Fairfax Addition Apartment?

The lowest price for a Cheap One Bedroom Fairfax Addition Apartment is $650 at The Avenue Apartments.

What is the lowest price for a Cheap Two Bedroom Fairfax Addition Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fairfax Addition is starting from $750 at The Avenue Apartments.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.