
Cheap Homes for Rent in Olde Towne North Neighborhood of Peoria, IL from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Olde Towne North area of Peoria.


2121 N Prospect Rd

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.

800 E Nebraska Ave

1714 NE Monroe St

617 E Republic St
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.
Olde Towne North, Peoria, IL Local Guide

How much does it cost to rent a home in Olde Towne North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olde Towne North 2 Bedroom Homes for Rent | $975 | $975 | $975 |
| Olde Towne North 3 Bedroom Homes for Rent | $1,075 | $802 | $1,350 |
| Olde Towne North 4 Bedroom Homes for Rent | $859 | $859 | $859 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 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 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Olde Towne North, IL
As of May 30, 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 2 Bedroom Model at Marquette Place starting at $1,375 with a $1.51 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 |
| Marquette Place | 2 Bedroom | 2BR,2BA | $1.51 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $1.03 |
| Adams & Oak | One bedroom | 1BR,1BA | $1.55 |
| Winkler Place | 1BD 1BTH | 1BR,1BA | $1.59 |
| 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 | $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 #17
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Olde Towne North
What type of rentals are currently available in Olde Towne North?
There are currently 48 Apartments for Rent in Olde Towne North, IL with pricing that ranges from $745 to $2,500. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olde Towne North ranging from $802 to $1,350.
What is the current price range for Rental Homes in Olde Towne North?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olde Towne North ranges from $802 to $1,350 with an average monthly rent of $969.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.