Cheap Apartments for Rent in the Oakcliff Neighborhood of Peoria, IL from $400 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakcliff 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.

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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Savannah Meadows
1 to 2 Bedroom Apartments

Savannah Meadows

751 W Joan CtPeoria, IL 61614

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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Montclair Terrace
1 to 2 Bedroom Apartments

Montclair Terrace

5227 N Montclair AvePeoria Heights, IL 61616
  • Utilities Included

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.

Oakcliff, Peoria, IL Local Guide

Cheapest Available Oakcliff Apartments for Rent

 

The cheapest available apartment rental in the Oakcliff area of Peoria, IL is a Studio unit found at The Village on University priced from $725. Willow Knolls Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Oakcliff apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
The Village on UniversityAnderson at Village SouthStudio,1BA$725
Willow Knolls ApartmentsStudioStudio,1BA$750
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Hollybrook Apartments1 bedroom1BR,1BA$825
Versailles ApartmentsTradition - 1BR / 1BA1BR,1BA$880
Knoxville Manor ApartmentsLevel 21BR,1BA$900
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$925
Carriage Hill Apartments2 Beds, 1 Baths2BR,1BA$950
Forest Hills Apartments1x11BR,1BA$950
Hillcrest Apartments2 BR / 1 BA2BR,1BA$979

Best Value Apartments for Rent in Oakcliff, IL

As of June 14, 2026 the best value apartment in the Oakcliff area is the $0.90 price per square foot 1319 W Daytona Dr Model at 1319 W Daytona Dr, Unit 1 in the in the Northmoor Knolls neighborhood starting from $1,350. The second greatest value Oakcliff apartment is the 2 Beds, 1 Baths Model at Carriage Hill Apartments starting at $950 with a $0.95 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Oakcliff apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1319 W Daytona Dr, Unit 11319 W Daytona Dr2BR,2BA$0.90
Carriage Hill Apartments2 Beds, 1 Baths2BR,1BA$0.95
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Brandywine Crossing Apartments2 Bedroom 2 Bath G2BR,2BA$1.09
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
Forest Hills Apartments1x11BR,1BA$1.12
Versailles ApartmentsTradition - 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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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Oakcliff, 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 our Star Ratings to compare for the best outdoor access, luxury amenities, places that make kids happy, raising pets, transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Oakcliff Apartments

What is the Cheapest Studio apartment in Oakcliff?

Currently the most affordable Cheap Studio Apartment in Oakcliff is at The Village on University listed at $725.

How much is rent for a Cheap One Bedroom Oakcliff Apartment?

The lowest price for a Cheap One Bedroom Oakcliff Apartment is $825 at Crestwood Apartments.

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

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

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.