Cheap Homes for Rent in Fairfax Addition Neighborhood of Peoria, IL from $500 (25 Rentals)

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

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.

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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.

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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.

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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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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 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 Fairfax Addition apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Willow Knolls ApartmentsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725

Best Value Apartments for Rent in Fairfax Addition, IL

As of December 12, 2025 the best value apartment in the Fairfax Addition area is the $0.66 price per square foot 3 Bed 1 Bath Model at 1512 E Gardner Ln in the in the Northmoor Knolls neighborhood starting from $795. The second greatest value Fairfax Addition apartment is the 2315 N Bigelow St Model at 2315 N Bigelow St, Unit A starting at $825 with a $0.83 price per square foot in the Averyville 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.
1512 E Gardner Ln3 Bed 1 Bath3BR,1BA$0.66
2315 N Bigelow St, Unit A2315 N Bigelow St2BR,1BA$0.83
Flats at DunlapTwo Bedrooms, Two Bathrooms2BR,2BA$1.08
Covington Place2 BR/1.5BA - 2nd/3rd floor2BR,1.5BA$0.97
Hollybrook Apartments2 bedroom 1. 5 bath2BR,1.5BA$0.90
1012 W Armstrong Ave, Unit 1012-11012 W Armstrong Ave3BR,1BA$0.99
Crestwood Apartments2 bed 1 bath *2BR,1BA$0.94
Versailles ApartmentsRoyal - 2BR / 1BA2BR,1BA$1.05
Linn St Commons1BR/1BA1BR,1BA$0.87
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

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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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 #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
Fairfax Addition, Peoria, IL

School data provided by Great Schools

Frequently Asked Questions about Fairfax Addition

What type of rentals are currently available in Fairfax Addition?

There are currently 127 Apartments for Rent in Fairfax Addition, IL with pricing that ranges from $575 to $3,200. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairfax Addition ranging from $585 to $2,750.

What is the current price range for Rental Homes in Fairfax Addition?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairfax Addition ranges from $585 to $2,750 with an average monthly rent of $1,297.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.