Cheap Apartments for Rent in the Olde Towne North Neighborhood of Peoria, IL from $500 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Olde Towne North 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.

close
View Me
1833 N Wisconsin Ave
Studio to 1 Bedroom Apartments

1833 N Wisconsin Ave

1833 N Wisconsin AvePeoria, IL 61603
  • Utilities Included

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.

close
View Me
Linn St Commons
1 Bedroom Apartments

Linn St Commons

2112-2117 N Linn StPeoria, IL 61604
  • Utilities Included
close
View Me
Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603
close
View Me
Schlarman House
1 Bedroom Apartments

Schlarman House

707 Madison Ave NEPeoria, IL 61603
Senior Living
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Civic Center Plaza ApartmentsStudioStudio,1BA$825
502 W High St1 Bedroom1BR,1BA$900
EMR Apartments1/1 Standard1BR,1BA$963
Winkler LoftsStudio/LoftStudio,1BA$1,095
Winkler PlaceStudio Loft1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 W Columbia Ter501 W Columbia Ter3BR,1BA$0.93
107 NE Roanoke Ave3 Bedroom3BR,1BA$1.27
Adams & Oak2 Bedroom2BR,2BA$1.91
Lofts at Waterfront Place1BR/1.0BA1BR,1BA$1.63
Marquette Place2 Bedroom2BR,2BA$1.51
502 W High St1 Bedroom1BR,1BA$1.03
Winkler Place1BD 1BTH1BR,1BA$1.59
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38
EMR Apartments1/1 Standard1BR,1BA$1.93
Winkler LoftsStudio/LoftStudio ,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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Olde Towne North, Peoria, IL

Ranked #22

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.