Cheap Homes for Rent in North Peoria Neighborhood of Peoria, IL from $700 (33 Rentals)

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

property at 415 E Frye Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

415 E Frye Ave

PeoriaIL61603

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.

Read Article

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.

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property at 611 Phelps St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

611 Phelps St

PeoriaIL61603
property at 319 W Nebraska Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

319 W Nebraska Ave

PeoriaIL61604
property at 627 Fairholm Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

627 Fairholm Ave

PeoriaIL61603

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.

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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.

Read Article
Showing Results 1-33, Page 1 of 1

North Peoria, Peoria, IL Local Guide

Cheapest Available North Peoria Apartments for Rent

 

The cheapest available apartment rental in the North Peoria area of Peoria, IL is a 1 Bed unit found at Linn St Commons priced from $600. Knoxville Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable North Peoria apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Hollow HillsStudioStudio,1BA$700
Willow Knolls ApartmentsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725
Versailles ApartmentsTradition - 1BR / 1BA1BR,1BA$795
The Village on UniversityCollins at Village South1BR,1BA$799
Willow Way1 bed 1 bath Unit 1 bldg 21BR,1BA$800
Glenbrook Apartments1 Bedroom Balcony1BR,1BA$825
Nordic Villa ApartmentsLoft1BR,1BA$825

Best Value Apartments for Rent in North Peoria, IL

As of March 01, 2026 the best value apartment in the North Peoria area is the $1.03 price per square foot Crown - 2BR / 1BA Model at Versailles Apartments in the in the Northmoor Knolls neighborhood starting from $1,025. The second greatest value North Peoria apartment is the Two Bedrooms, Two Bathrooms Model at Flats at Dunlap starting at $1,075 with a $1.08 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for North Peoria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Versailles ApartmentsCrown - 2BR / 1BA2BR,1BA$1.03
Flats at DunlapTwo Bedrooms, Two Bathrooms2BR,2BA$1.08
Hollybrook Apartments2 bedroom 1. 5 bath2BR,1.5BA$0.90
Crestwood Apartments2 bed 1 bath *2BR,1BA$0.94
Glen Willows2 Bedroom 1.5 Bathroom2BR,1.5BA$1.08
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
Forest Hill Apartments1x11BR,1BA$1.12
Linn St Commons1BR/1BA1BR,1BA$0.87
Hollow HillsStudioStudio ,1BA$1.08
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.12

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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Pet Friendly Lifestyle
North Peoria, Peoria, IL

Ranked #2

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
North Peoria, Peoria, IL

School data provided by Great Schools

Frequently Asked Questions about North Peoria

What type of rentals are currently available in North Peoria?

There are currently 156 Apartments for Rent in North Peoria, IL with pricing that ranges from $600 to $3,200. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Peoria ranging from $733 to $2,400.

What is the current price range for Rental Homes in North Peoria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Peoria ranges from $733 to $2,400 with an average monthly rent of $1,245.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.