1714 S Lydia Ave
PeoriaIL61605
Cheap Homes for Rent in Peoria, IL from $400 (32 Rentals)
Search the lowest-cost Homes available for rent right now in Peoria.
2710 W Antoinette St
PeoriaIL61605
2601 W Latrobe St
PeoriaIL61605
1104 W Smith St
PeoriaIL61605
422 S Louisa St
PeoriaIL61605
2012 W Garden St
PeoriaIL61605
505 E Virginia Ave
PeoriaIL61603
1314 W Butler St
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.
1615 S Arago St
PeoriaIL61605
400 E Thrush Ave
PeoriaIL61603
1515 W Callender Ave
PeoriaIL61606
1829 S Stanley St
PeoriaIL61605
1006 E Behrends Ave
PeoriaIL61603
112 E Maywood Ave
PeoriaIL61603
1220 W John H Gwynn Jr Ave
PeoriaIL61605
721 S Matthew St
PeoriaIL61605
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.
1714 S Livingston St
PeoriaIL61605
1610 S Lydia Ave
PeoriaIL61605
800 E Nebraska Ave
PeoriaIL61603
2129 N Bourland Ave
PeoriaIL61604
5812 W Farmington Rd
PeoriaIL61604
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$9001 Bedroom Apartments Available Now
4009 N Becker Dr
4009 N Becker DrBartonville, IL 61607
1714 NE Monroe St
PeoriaIL61603
2006 N Bigelow St
PeoriaIL61604
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.
730 E McClure Ave
PeoriaIL61603
1411 W Barker Ave
PeoriaIL61606
419 E Maywood Ave
PeoriaIL61603
308 E Virginia Ave
PeoriaIL61603
617 E Republic St
PeoriaIL61603
627 Fairholm Ave
PeoriaIL61603
5817 S Adams St
BartonvilleIL61607
3912 N New York Ave
PeoriaIL61614
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.
Showing Results 1-32, Page 1 of 1
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 | $1,112 | $225 | $3,000 |
| Peoria 3 Bedroom Homes for Rent | $1,203 | $225 | $2,300 |
| Peoria 4 Bedroom Homes for Rent | $1,400 | $490 | $2,800 |
| Peoria 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Peoria 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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: 07/03/2026Current apartment rentals in the Peoria, IL area range in price from $547 to $2,675 with an overall median price of $1,672. The three Peoria neighborhoods with the lowest median rent pricing are Central South at $547, North Peoria at $700, and Sunset Hills at $695. 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 |
|---|---|---|---|
| Central South | $1,150 | $547 | 97 |
| North Peoria | $1,150 | $700 | 106 |
| Sunset Hills | $1,150 | $695 | 62 |
| West Peoria | $1,150 | $547 | 116 |
| Armstrong Ellis | $1,550 | $777 | 9 |
| Averyville | $1,550 | $777 | 21 |
| Downtown Peoria | $1,550 | $547 | 81 |
| East Bluff NHS | $1,550 | $777 | 5 |
| East Bluff United | $1,550 | $777 | 7 |
| Fairfax Addition | $1,550 | $700 | 48 |
Cheapest Available Peoria Apartments for Rent
The cheapest available apartment rental in Peoria, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. Knoxville Manor Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Peoria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cityscape | 2 Bedroom | 2BR,2BA | $711 |
| Knoxville Manor Apartments | Level 2 | 1BR,1BA | $775 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $795 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| ASPEN BLUFF APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $850 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
| Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $876 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $880 |
Best Value Apartments for Rent in Peoria, IL
As of July 03, 2026 the best value apartment in the Peoria area is the $0.91 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter in the in the Averyville neighborhood starting from $1,550. The second greatest value Peoria apartment is the 3 Bedroom 2 Bath Model at Eagle Point Apartments starting at $1,600 with a $1.18 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,2BA | $0.91 |
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.70 |
| Covington Place | 2BR/1.5BA Signature In Unit Wash/Dryer | 2BR,1.5BA | $1.15 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.13 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
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.
Read Article
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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Best Local Schools in Peoria, IL
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Frequently Asked Questions about Peoria
What type of rentals are currently available in Peoria?
There are currently 238 Apartments for Rent in Peoria, IL with pricing that ranges from $547 to $2,675. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria ranging from $225 to $4,500.
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 $225 to $4,500 with an average monthly rent of $1,778.
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 $2,112, while Three Bedroom Homes, Condos, and Townhomes for rent range from $225 to $2,300. Four Bedroom Single-Family rentals are also available starting from $490 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
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.
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.