Cheap Apartments for Rent in the Northmoor Knolls Neighborhood of Peoria, IL from $400 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Northmoor Knolls 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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International Place
Studio to 2 Bedroom Apartments

International Place

6500 N University StPeoria, IL 61614
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Brookview Apartments
Studio to 2 Bedroom Apartments

Brookview Apartments

2820 W War Memorial DrPeoria, IL 61615
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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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Pine Hill
1 to 2 Bedroom Apartments

Pine Hill

806-808 W Pine Hill LnPeoria, IL 61614
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Richwoods Plaza
1 to 2 Bedroom Apartments

Richwoods Plaza

6709 N University StPeoria, IL 61614
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Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614
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Woods + Meadow Apartments
Studio to 1 Bedroom Apartments

Woods + Meadow Apartments

2215 W Willow Knolls DrPeoria, IL 61614
Corporate Housing
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Kellar Commons
1 to 2 Bedroom Apartments

Kellar Commons

6517 N Lexington DrPeoria, IL 61614
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Willow Way
1 to 2 Bedroom Apartments

Willow Way

2630 W Willowlake DrPeoria, IL 61614
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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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Briargate Apartments
1 to 2 Bedroom Apartments

Briargate Apartments

7217 N University StPeoria, IL 61614
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Oakridge
1 to 3 Bedroom Apartments

Oakridge

2700-2714 W Willow Lake DrPeoria, IL 61614
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Kingsway Apartments
1 to 2 Bedroom Apartments

Kingsway Apartments

1811 W Kingsway DrPeoria, IL 61614
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Savannah Meadows
1 to 2 Bedroom Apartments

Savannah Meadows

751 W Joan CtPeoria, IL 61614
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Royal Highlander
2 to 3 Bedroom Apartments

Royal Highlander

826-830 W Inverness StPeoria, IL 61615

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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Northmoor Knolls, Peoria, IL Local Guide

Cheapest Available Northmoor Knolls Apartments for Rent

 

The cheapest available apartment rental in the Northmoor Knolls area of Peoria, IL is a 1 Bed unit found at Knoxville Manor Apartments priced from $775. Hollybrook Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Northmoor Knolls apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Knoxville Manor ApartmentsLevel 21BR,1BA$775
Hollybrook Apartments1 bedroom1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$849
The Village on UniversityKing Remodel at Village NorthStudio,1BA$855
Nordic Villa ApartmentsLoft1BR,1BA$875
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$876
Versailles ApartmentsTradition - 1BR / 1BA1BR,1BA$880
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$925
Forest Hills Apartments1x11BR,1BA$950

Best Value Apartments for Rent in Northmoor Knolls, IL

As of July 30, 2026 the best value apartment in the Northmoor Knolls area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Northmoor Knolls apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,300 with a $1.23 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Northmoor Knolls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.18
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Covington Court ApartmentsCC2BR2BR,2BA$1.26
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
Forest Hills Apartments1x11BR,1BA$1.12
Versailles ApartmentsHamlet - 1BR / 1BA1BR,1BA$1.13
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18

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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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
Northmoor Knolls, Peoria, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Northmoor Knolls, Peoria, and the greater Peoria area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, features that make it easier to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Northmoor Knolls Apartments

What is the Cheapest Studio apartment in Northmoor Knolls?

Currently the most affordable Cheap Studio Apartment in Northmoor Knolls is at Willow Knolls Apartments listed at $849.

How much is rent for a Cheap One Bedroom Northmoor Knolls Apartment?

The lowest price for a Cheap One Bedroom Northmoor Knolls Apartment is $775 at Knoxville Manor Apartments.

What is the lowest price for a Cheap Two Bedroom Northmoor Knolls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northmoor Knolls is starting from $850 at Crestwood Apartments.

What is the most affordable Northmoor Knolls Three Bedroom Apartment?

The best deal on a cheap Northmoor Knolls Three Bedroom Apartment rental is at The Grove Apartments and starts from $1,475.

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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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.

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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.