
Cheap Apartments for Rent in the Olde Towne North Neighborhood of Peoria, IL from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olde Towne North area of Peoria.


Total Monthly Price
413 W Columbia Ter, Unit Studio, Unit Studio

1318 E Frye Ave

Glen Oak Towers

511 West Elizabeth Street, Unit A

415 E Frye 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.

Civic Center Plaza Apartments

602 E Ravine Ave

1605-1605 N Linn St

1820 N Peoria Ave

506 Caroline St

211 W Richmond 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.

Stonecrest

416 W Main St

Marquette Place

319 W Nebraska Ave

1833 N Wisconsin Ave

1711 N Peoria Ave
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.

1204 NE Madison Ave

Linn St Commons

Sandmeyer Flats

Schlarman House

511 W High St

Twin Towers Place
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.

220 W Nebraska Ave
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 | $1,030 | $750 | $1,500 |
| Olde Towne North 1 Bedroom Apartments | $1,365 | $750 | $2,500 |
| Olde Towne North 2 Bedroom Apartments | $1,390 | $895 | $2,000 |
| Olde Towne North 3 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 1 mile radius of the Olde Towne North Neighborhood of Peoria, IL.
See all Apartments in PeoriaExplore Peoria
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 107 NE Roanoke Ave priced from $750. Civic Center Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Olde Towne North apartments for rent in Peoria, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 107 NE Roanoke Ave | Studio | Studio,1BA | $750 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
| 511 W High St | 1 BR | 1BR,1BA | $950 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $1,050 |
| Winkler Lofts | Studio/Loft | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Olde Towne North, IL
As of April 26, 2026 the best value apartment in the Olde Towne North area is the $1.66 price per square foot One bedroom Model at Adams & Oak in the in the Moss Bradley neighborhood starting from $1,450. The second greatest value Olde Towne North apartment is the 1 Bed 1 Bath Model at Adams Street Center starting at $1,650 with a $1.92 price per square foot in the Moss Bradley 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. |
|---|---|---|---|
| Adams & Oak | One bedroom | 1BR,1BA | $1.66 |
| Adams Street Center | 1 Bed 1 Bath | 1BR,1BA | $1.92 |
| 511 W High St | 1 BR | 1BR,1BA | $1.19 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| Marquette Place | 1 Bedroom | 1BR,1BA | $1.80 |
| The Lofts at Waterfront Place | 1BR/1.0BA | 1BR,1BA | $2.05 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
| 107 NE Roanoke Ave | Studio | Studio ,1BA | $1.36 |
| EMR Apartments | 1/1 Standard | 1BR,1BA | $2.10 |
| Winkler Lofts | Studio/Loft | Studio ,1BA | $2.43 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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 #20
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
What is the Cheapest Studio apartment in Olde Towne North?
Currently the most affordable Cheap Studio Apartment in Olde Towne North is at 107 NE Roanoke Ave listed at $750.
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 $950 at 511 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 $1,400 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

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.