Cheap Homes for Rent in the Lincoln Park Neighborhood of Peoria, IL from $400 (12 Rentals)

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

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.

property at 1515 W Callender Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 2.5 Bath Home for Rent

Available Now

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.

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
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Marquette PlaceStudioStudio,1BA$950
EMR Apartments1/1 Standard1BR,1BA$963

Best Value Apartments for Rent in Lincoln Park, IL

As of July 09, 2026 the best value apartment in the Lincoln Park area is the $0.91 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter, Unit 2 in the in the Averyville neighborhood starting from $1,550. The second greatest value Lincoln Park apartment is the 3 Bedroom Model at 107 NE Roanoke Ave starting at $1,525 with a $1.27 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.
501 W Columbia Ter, Unit 2501 W Columbia Ter3BR,2BA$0.91
107 NE Roanoke Ave3 Bedroom3BR,1BA$1.27
Adams Street Center2 Bed 1 Bath2BR,1BA$1.69
Cityscape2 Bedroom2BR,2BA$0.70
Adams & OakOne bedroom1BR,1BA$1.84
Winkler Place1BD 1BTH1BR,1BA$1.59
The Avenue Apartments1B/ 1BA1BR,1BA$1.29
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38
EMR Apartments1/1 Standard1BR,1BA$1.93
Marquette PlaceStudioStudio ,1BA$2.13

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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Frequently Asked Questions about Lincoln Park

What type of rentals are currently available in Lincoln Park?

There are currently 83 Apartments for Rent in Lincoln Park, IL with pricing that ranges from $547 to $2,260. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Park ranging from $225 to $4,500.

What is the current price range for Rental Homes in Lincoln Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln Park ranges from $225 to $4,500 with an average monthly rent of $1,731.

How much are larger Three and Four Bedroom Rentals in Lincoln Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lincoln Park range from $620 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $849 to $1,650. 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

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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.

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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.

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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.

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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.