
Cheap Apartments for Rent in the Lincoln Park Neighborhood of Peoria, IL from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Peoria.


422 S Louisa St

The Avenue Apartments

406 Morton St

1012 W Armstrong Ave, Unit 1012-2

800 S Greenlawn Ave

Total Monthly Price
413 W Columbia Ter, Unit Studio

Churchview Garden Homes
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.

Glen Oak Towers

1516 S Lydia Ave

511 West Elizabeth Street

Civic Center Plaza Apartments

1531 S Lydia Ave

Total Monthly Price
1109 NE Perry Ave

905 N Sheridan Rd

Marquette Place
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.

1113 W Moss Ave

Stonecrest

1212 N Frink St

416 W Main St

1830 S Kneer Ave

812 SW Washington St

Madison Links Apartments

1204 NE Madison Ave
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.

Peoria Flats

Hurlburt House

Sandmeyer Flats

Cityscape Apartments

Schlarman House

3205 W Ann St

Twin Towers Place

2719 W Radan Ct
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.

1523 N Pierson Ave

500 Scenic Park Dr

1107 Pekin Ave
Lincoln Park, Peoria, IL Local Guide

How much does it cost to rent an apartment in Lincoln Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Park Studio Apartments | $1,010 | $575 | $1,500 |
| Lincoln Park 1 Bedroom Apartments | $1,454 | $650 | $2,500 |
| Lincoln Park 2 Bedroom Apartments | $1,797 | $547 | $2,310 |
| Lincoln Park 3 Bedroom Apartments | $1,307 | $620 | $2,500 |
| Lincoln Park 4 Bedroom Apartments | $630 | $630 | $630 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Lincoln Park Neighborhood of Peoria, IL.
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Lincoln Park, Peoria, IL Local Guide
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Cheapest Available Lincoln Park Apartments for Rent
 The cheapest available apartment rental in the Lincoln Park area of Peoria, IL is a 1 Bed unit found at The Avenue Apartments priced from $650. Churchview Garden Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Lincoln Park apartments for rent in Peoria, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| Churchview Garden Homes | 1 Bedroom | 1BR,1BA | $750 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| 1113 W Moss Ave | A | 2BR,1BA | $950 |
| 812 Lofts | Studio | Studio,1BA | $1,050 |
| Winkler Lofts | Studio/Loft | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Lincoln Park, IL
As of April 08, 2026 the best value apartment in the Lincoln Park 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 Lincoln Park apartment is the Studio + Den (BR) Model at Adams & Oak starting at $2,250 with a $1.89 price per square foot in the Moss Bradley neighborhood. Here is today’s list of the best values for Lincoln Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1113 W Moss Ave | A | 2BR,1BA | $0.79 |
| Adams & Oak | Studio + Den (BR) | 1BR,2BA | $1.89 |
| Adams Street Center | 1 Bed 1 Bath | 1BR,1BA | $1.92 |
| 1109 NE Perry Ave | 1109 NE Perry Ave | 1BR,1BA | $1.28 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| Marquette Place | 1 Bedroom | 1BR,1BA | $1.80 |
| 1012 W Armstrong Ave, Unit 1012-2 | 1012 W Armstrong Ave | 1BR,1BA | $1.06 |
| Churchview Garden Homes | 1 Bedroom | 1BR,1BA | $1.17 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Best Local Schools in Lincoln Park, Peoria, IL
School data provided by Great Schools
Frequently Asked Questions about Cheap Lincoln Park Apartments
What is a cheap apartment in Lincoln Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lincoln Park is under $1,095.
What is the price of a cheap apartment in Lincoln Park?
The cheapest apartment in Lincoln Park is The Avenue Apartments which is listed at $650, while the average apartment in Lincoln Park costs $2,195.
What types of apartments are the cheapest in Lincoln Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Lincoln Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lincoln Park?
Cheap apartments in Lincoln Park have an average cost of $377 which is $1,818 cheaper than the average rent for all rentals in Lincoln Park.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.