Cheap Apartments for Rent in the Lincoln Park Neighborhood of Peoria, IL from $500 (36 Rentals)

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

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The Avenue Apartments
$575 - $800
Total Monthly Price

Total Monthly Price

Base Rent
$535 - $760
Required Monthly Fees
$40

Total Monthly Price
$575 - $800
Studio to 2 Bedroom Apartments Available Now

The Avenue Apartments

900 W Moss AvePeoria, IL 61606
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 718 N Underhill St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Mar 1

718 N Underhill St

PeoriaIL61606

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Madison Links Apartments
1 to 2 Bedroom Apartments

Madison Links Apartments

2405 Martin Luther King Jr DrPeoria, IL 61604
  • Utilities Included

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Peoria Flats
1 to 3 Bedroom Apartments

Peoria Flats

2317-2331 Martin Luther King Jr DrPeoria, IL 61604
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Hurlburt House
1 Bedroom Apartments

Hurlburt House

818 W Hurlburt StPeoria, IL 61605
Senior Living
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Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603
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Schlarman House
1 Bedroom Apartments

Schlarman House

707 Madison Ave NEPeoria, IL 61603
Senior Living
  • Utilities Included

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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
  • Utilities Included
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Twin Towers Place
1 to 3 Bedroom Apartments

Twin Towers Place

123 SW Jefferson AvePeoria, IL 61602
  • Utilities Included
  • Smoke Free
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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610

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Lincoln Park, Peoria, IL Local Guide

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. Civic Center Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Lincoln Park apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
The Avenue Apartments1B/ 1BA1BR,1BA$650
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Marquette PlaceStudioStudio,1BA$880
Churchview Garden Homes3 Bedroom3BR,2BA$975
1113 W Moss AveA2BR,1BA$1,000
812 LoftsStudioStudio,1BA$1,050
EMR Apartments1/1 Standard1BR,1BA$1,050
Winkler LoftsStudio/LoftStudio,1BA$1,095
Magnolia LoftsStudioStudio,1BA$1,100
Winkler PlaceStudio Loft1BR,1BA$1,125

Best Value Apartments for Rent in Lincoln Park, IL

As of February 22, 2026 the best value apartment in the Lincoln Park area is the $0.95 price per square foot 2 BR Model at 511 W High St in the in the Averyville neighborhood starting from $2,100. The second greatest value Lincoln Park apartment is the A Model at 1113 W Moss Ave starting at $1,000 with a $0.83 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Lincoln Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
511 W High St2 BR2BR,3BA$0.95
1113 W Moss AveA2BR,1BA$0.83
Churchview Garden Homes3 Bedroom3BR,2BA$0.88
Stonecrest2 Bedroom2BR,1BA$1.28
Adams Street Center1 Bed 1 Bath1BR,1BA$1.92
Adams & OakStudioStudio ,1BA$1.90
The Lofts at Waterfront Place1BR/1.0BA1BR,1BA$1.69
Winkler Place1BD 1BTH1BR,1BA$1.59
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38

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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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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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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 $1,125.

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 $2,190.

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 2 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 $247 which is $1,943 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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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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.

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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.