
Cheap Apartments for Rent in the Olde Towne North Neighborhood of Peoria, IL from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olde Towne North area of Peoria.


Glen Oak Towers

1006 E Behrends Ave

Civic Center Plaza Apartments

1117 NE Glendale Ave
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.

506 Caroline St

502 W High St

1833 N Wisconsin Ave

1711 N Peoria Ave

1204 NE Madison Ave
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.

Linn St Commons

Sandmeyer Flats

Schlarman House

800 E Nebraska Ave

1806 N Peoria Ave
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.
Olde Towne North, Peoria, IL Local Guide

How much does it cost to rent an apartment in Olde Towne North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olde Towne North Studio Apartments | $1,171 | $825 | $1,500 |
| Olde Towne North 1 Bedroom Apartments | $1,453 | $777 | $2,500 |
| Olde Towne North 2 Bedroom Apartments | $1,722 | $900 | $2,000 |
| Olde Towne North 3 Bedroom Apartments | $1,506 | $1,400 | $1,550 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Olde Towne North Neighborhood of Peoria, IL.
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Olde Towne North, Peoria, IL Local Guide
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Cheapest Available Olde Towne North Apartments for Rent
 The cheapest available apartment rental in the Olde Towne North area of Peoria, IL is a Studio unit found at Civic Center Plaza Apartments priced from $825. 502 W High St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Olde Towne North apartments for rent in Peoria, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $900 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $963 |
| Winkler Lofts | Studio/Loft | Studio,1BA | $1,095 |
| Winkler Place | Studio Loft | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Olde Towne North, IL
As of June 11, 2026 the best value apartment in the Olde Towne North area is the $0.93 price per square foot 501 W Columbia Ter Model at 501 W Columbia Ter in the in the Averyville neighborhood starting from $1,400. The second greatest value Olde Towne North 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 Olde Towne North apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 W Columbia Ter | 501 W Columbia Ter | 3BR,1BA | $0.93 |
| 107 NE Roanoke Ave | 3 Bedroom | 3BR,1BA | $1.27 |
| Adams & Oak | 2 Bedroom | 2BR,2BA | $1.91 |
| Lofts at Waterfront Place | 1BR/1.0BA | 1BR,1BA | $1.63 |
| Marquette Place | 2 Bedroom | 2BR,2BA | $1.51 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $1.03 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $1.93 |
| Winkler Lofts | Studio/Loft | Studio ,1BA | $2.43 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleOlde Towne North, Peoria, IL
Ranked #22
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Olde Towne North Apartments
How much is rent for a Cheap One Bedroom Olde Towne North Apartment?
The lowest price for a Cheap One Bedroom Olde Towne North Apartment is $900 at 502 W High St.
What is the lowest price for a Cheap Two Bedroom Olde Towne North Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olde Towne North is starting from $1,375 at Marquette Place.
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

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.

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.

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.

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.