2807 W Nevada St
PeoriaIL61605
Cheap Homes for Rent in Peoria, IL from $600 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Peoria.
3112 W Latrobe St
PeoriaIL61605
824 W Mac Queen Ave
PeoriaIL61604
6809 N Frostwood Pkwy, Unit Unit#50
6809 N Frostwood Pkwy
PeoriaIL61615
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$7502 Bedroom Apartments Available Now
400 E Thrush Ave, Unit A
400 E Thrush AvePeoria, IL 61603
505 E Virginia Ave
PeoriaIL61603
1214 W Butler St
PeoriaIL61605
1516 S Lydia Ave
PeoriaIL61605
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.
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$8001 Bedroom Apartments Available Now
511 West Elizabeth Street, Unit A
511 West Elizabeth StreetPeoria, IL 61606
1613 W Kettelle St
PeoriaIL61605
2121 N Prospect Rd
PeoriaIL61603
1220 W John H Gwynn Jr Ave
PeoriaIL61605
1531 S Lydia Ave
PeoriaIL61605
911 N Sheridan Rd
PeoriaIL61606
412 E Arcadia Ave
PeoriaIL61603
1806 N Peoria Ave
PeoriaIL61603
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.
526 Fairholm Ave
PeoriaIL61603
2116 W Garden St
PeoriaIL61605
2211 N Flora Ave
PeoriaIL61604
1411 W Barker Ave
PeoriaIL61606
906 S Tonti Cir
PeoriaIL61605
905 W Thrush Ave
PeoriaIL61604
617 E Republic St
PeoriaIL61603
627 Fairholm Ave
PeoriaIL61603
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.
319 W Nebraska Ave
PeoriaIL61604
611 Phelps St
PeoriaIL61603
817 W Nebraska Ave
PeoriaIL61604
500 Scenic Park Dr
Creve CoeurIL61610
2408 W Reservoir Blvd
PeoriaIL61604
903 W Brons Ave
PeoriaIL61604
102 N Cedar Ave
West PeoriaIL61604
2207 N Ellis St
PeoriaIL61604
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.
3502 N Sterling Ave
PeoriaIL61604
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Peoria, IL Local Guide
How much does it cost to rent a home in Peoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peoria 2 Bedroom Homes for Rent | $1,135 | $733 | $2,400 |
| Peoria 3 Bedroom Homes for Rent | $1,329 | $800 | $2,500 |
| Peoria 4 Bedroom Homes for Rent | $1,289 | $795 | $1,800 |
| Peoria 5 Bedroom Homes for Rent | $1,625 | $1,500 | $1,750 |
| Peoria 6 Bedroom Homes for Rent | $3,050 | $2,200 | $3,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Peoria
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Peoria, IL Local Guide
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Cheapest Neighborhoods for Apartments in Peoria, IL
Pricing Updated: 05/12/2026Current apartment rentals in the Peoria, IL area range in price from $650 to $3,900 with an overall median price of $2,079. The three Peoria neighborhoods with the lowest median rent pricing are Northmoor Knolls at $1,100, Lyndale Road at $1,100, and Oakcliff at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Peoria Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Northmoor Knolls | $1,400 | $1,100 | 9 |
| Lyndale Road | $1,500 | $1,100 | 6 |
| Oakcliff | $1,625 | $1,100 | 7 |
| Northmoore Hills | $1,700 | $995 | 11 |
| Skyline Drive | $1,700 | $995 | 13 |
| Goose Lake | $1,750 | $795 | 13 |
| Logan Park West | $1,750 | $725 | 24 |
| Moss Bradley | $1,750 | $795 | 13 |
| Warehouse District | $1,750 | $795 | 6 |
| Joeanne Manor | $1,800 | $750 | 11 |
Cheapest Available Peoria Apartments for Rent
The cheapest available apartment rental in Peoria, IL is a 1 Bed unit found at The Avenue Apartments in the Averyville neighborhood priced from $650. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Peoria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| 107 NE Roanoke Ave | Studio | Studio,1BA | $750 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $825 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| Westporte Apartments | WP1B | 1BR,1BA | $850 |
Best Value Apartments for Rent in Peoria, IL
As of May 12, 2026 the best value apartment in the Peoria area is the $0.93 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter in the in the Averyville neighborhood starting from $1,400. The second greatest value Peoria apartment is the 1319 W Daytona Dr Model at 1319 W Daytona Dr, Unit 1 starting at $1,400 with a $0.93 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Peoria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 W Columbia Ter | 501 W Columbia Ter | 3BR,1BA | $0.93 |
| 1319 W Daytona Dr, Unit 1 | 1319 W Daytona Dr | 2BR,2BA | $0.93 |
| 1113 W Moss Ave | A | 2BR,1BA | $0.79 |
| Carriage Hill Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.95 |
| 2133 N North St, Unit 2133 | 2133 N North St | 2BR,1BA | $0.90 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $1.03 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
| The Avenue Apartments | 1B/ 1BA | 1BR,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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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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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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Best Local Schools in Peoria, IL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peoria, IL Rentals by Map
See the most popular apartments and homes in Peoria, IL
Frequently Asked Questions about Peoria
What type of rentals are currently available in Peoria?
There are currently 246 Apartments for Rent in Peoria, IL with pricing that ranges from $547 to $2,675. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria ranging from $629 to $3,900.
What is the current price range for Rental Homes in Peoria?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peoria ranges from $629 to $3,900 with an average monthly rent of $1,554.
How much are larger Three and Four Bedroom Rentals in Peoria?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peoria range from $620 to $2,347, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,500. Four Bedroom Single-Family rentals are also available starting from $795 and Four Bedroom Apartments start at $630.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.