Cheap Homes for Rent in Olde Towne North Neighborhood of Peoria, IL from $800 (6 Rentals)

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Search the lowest-cost Homes 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.

property at 617 E Republic St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

617 E Republic St

PeoriaIL61603

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

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 ListingModel NameBed/BathPriced From
107 NE Roanoke AveStudioStudio,1BA$750
Civic Center Plaza ApartmentsStudioStudio,1BA$825
502 W High St1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 W Columbia Ter501 W Columbia Ter3BR,1BA$0.93
Marquette Place2 Bedroom2BR,2BA$1.51
502 W High St1 Bedroom1BR,1BA$1.03
Adams & OakOne bedroom1BR,1BA$1.55
Winkler Place1BD 1BTH1BR,1BA$1.59
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.38
107 NE Roanoke AveStudioStudio ,1BA$1.36
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.

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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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Pet Friendly Lifestyle
Olde Towne North, Peoria, IL

Ranked #17

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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.

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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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.