Cheap Apartments for Rent in the Lincoln Park Neighborhood of Peoria, IL from $540 (43 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1411 W Barker Ave

$950 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,200
Total Monthly Price
$950 - $1,200

1 To 2 Bedroom Homes for Rent

Available Now

1411 W Barker Ave

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Cityscape
2 to 3 Bedroom Apartments

Cityscape

601 W Romeo B Garrett AvePeoria, IL 61605
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Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603

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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600 W High St
1 Bedroom Apartments

600 W High St

600 W High StPeoria, IL 61606
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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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502 W High St
1 Bedroom Apartments

502 W High St

502 W High StPeoria, IL 61606
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Twin Towers Place
1 to 3 Bedroom Apartments

Twin Towers Place

123 SW Jefferson AvePeoria, IL 61602
  • Utilities Included
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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.

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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610
Showing Results 1-43, Page 1 of 1

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 2 Beds unit found at Cityscape priced from $711. The Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Lincoln Park apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Cityscape2 Bedroom2BR,2BA$711
The Avenue Apartments1B/ 1BA1BR,1BA$795
600 W High St1BR/1.0BA1BR,1BA$800
Civic Center Plaza ApartmentsStudioStudio,1BA$825
EMR Apartments1/1 Standard1BR,1BA$897
Marquette PlaceStudioStudio,1BA$900
812 LoftsStudioStudio,1BA$1,050
Winkler LoftsStudio/LoftStudio,1BA$1,095
Winkler PlaceStudio Loft1BR,1BA$1,125
Magnolia LoftsStudioStudio,1BA$1,150

Best Value Apartments for Rent in Lincoln Park, IL

As of August 24, 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 315 Main St Model at 315 Main St, Unit Loft A starting at $1,990 with a $1.33 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
315 Main St, Unit Loft A315 Main St2BR,2BA$1.33
616 N Cooper St, Unit A616 N Cooper St2BR,1BA$1.03
107 NE Roanoke Ave3 Bedroom3BR,1BA$1.23
1405 W Barker Ave, Unit Bedroom 11405 W Barker Ave1BR,1BA$1.06
Cityscape2 Bedroom2BR,2BA$0.70
The Lofts at Waterfront Place1BR/1.0BA1BR,1BA$1.48
600 W High St1BR/1.0BA1BR,1BA$1.12
The Avenue Apartments1B/ 1BA1BR,1BA$1.29
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38

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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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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Best Local Schools in
Lincoln Park, Peoria, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Lincoln Park Apartments

What is the Cheapest Studio apartment in Lincoln Park?

Currently the most affordable Cheap Studio Apartment in Lincoln Park is at Civic Center Plaza Apartments listed at $825.

How much is rent for a Cheap One Bedroom Lincoln Park Apartment?

The lowest price for a Cheap One Bedroom Lincoln Park Apartment is $795 at The Avenue Apartments.

What is the lowest price for a Cheap Two Bedroom Lincoln Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lincoln Park is starting from $711 at Cityscape.

What is the most affordable Lincoln Park Three Bedroom Apartment?

The best deal on a cheap Lincoln Park Three Bedroom Apartment rental is at Cityscape and starts from $818.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.