Cheap Apartments for Rent in the Lincoln Park Neighborhood of Peoria, IL from $500 (35 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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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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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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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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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
  • Utilities Included
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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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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

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. 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 ListingModel NameBed/BathPriced From
The Avenue Apartments1B/ 1BA1BR,1BA$650
Churchview Garden Homes1 Bedroom1BR,1BA$750
Civic Center Plaza ApartmentsStudioStudio,1BA$825
1113 W Moss AveA2BR,1BA$950
812 LoftsStudioStudio,1BA$1,050
Winkler LoftsStudio/LoftStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1113 W Moss AveA2BR,1BA$0.79
Adams & OakStudio + Den (BR)1BR,2BA$1.89
Adams Street Center1 Bed 1 Bath1BR,1BA$1.92
1109 NE Perry Ave1109 NE Perry Ave1BR,1BA$1.28
Winkler Place1BD 1BTH1BR,1BA$1.59
Marquette Place1 Bedroom1BR,1BA$1.80
1012 W Armstrong Ave, Unit 1012-21012 W Armstrong Ave1BR,1BA$1.06
Churchview Garden Homes1 Bedroom1BR,1BA$1.17
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
Civic Center Plaza ApartmentsStudioStudio ,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.

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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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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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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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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

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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.

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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.

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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.

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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.