Cheap Apartments for Rent in the Willow Knolls Neighborhood of Peoria, IL from $500 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Willow Knolls area of Peoria.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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International Place
Studio to 2 Bedroom Apartments

International Place

6500 N University StPeoria, IL 61614
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Pine Hill
1 to 2 Bedroom Apartments

Pine Hill

806-808 W Pine Hill LnPeoria, IL 61614
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Richwoods Plaza
1 to 2 Bedroom Apartments

Richwoods Plaza

6709 N University StPeoria, IL 61614
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Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614
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Woods + Meadow Apartments
Studio to 1 Bedroom Apartments

Woods + Meadow Apartments

2215 W Willow Knolls DrPeoria, IL 61614
Corporate Housing
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Kellar Commons
1 to 2 Bedroom Apartments

Kellar Commons

6517 N Lexington DrPeoria, IL 61614
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Willow Way
1 to 2 Bedroom Apartments

Willow Way

2630 W Willowlake DrPeoria, IL 61614
  • Smoke Free

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.

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Briargate Apartments
1 to 2 Bedroom Apartments

Briargate Apartments

7217 N University StPeoria, IL 61614
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Oakridge
1 to 3 Bedroom Apartments

Oakridge

2700-2714 W Willow Lake DrPeoria, IL 61614
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Kingsway Apartments
1 to 2 Bedroom Apartments

Kingsway Apartments

1811 W Kingsway DrPeoria, IL 61614
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Maison de la Trace
2 Bedroom Apartments

Maison de la Trace

912-916 W Loire CtPeoria, IL 61614
  • 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.

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Showing Results 1-50, Page 1 of 1

Willow Knolls, Peoria, IL Local Guide

Cheapest Available Willow Knolls Apartments for Rent

 

The cheapest available apartment rental in the Willow Knolls area of Peoria, IL is a Studio unit found at Willow Knolls Apartments priced from $799. Crestwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Willow Knolls apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$799
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Hollybrook Apartments1 bedroom1BR,1BA$825
Hollow Hills Apartments1 Bed / 1 Bath (615 sqft)1BR,1BA$849
Forest Hills Apartments1x11BR,1BA$854
Nordic Villa ApartmentsLoft1BR,1BA$875
The Village on UniversityTucker at Village North1BR,1BA$880
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$925
Brandywine Crossing Apartments1 Bedroom1BR,1BA$927
The Grove ApartmentsStandard 1 Bed / 1 Bath1BR,1BA$975

Best Value Apartments for Rent in Willow Knolls, IL

As of August 30, 2026 the best value apartment in the Willow Knolls area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Willow Knolls apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,300 with a $1.23 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Willow Knolls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.18
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Kellogg Place Apartments2 Bed / 1 Bath2BR,1BA$1.23
Forest Hills Apartments1x11BR,1BA$1.00
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
919 W Crestwood Dr2BR/1.5BA2BR,1.5BA$1.22
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18

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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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.

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Pet Friendly Lifestyle
Willow Knolls, Peoria, IL

Ranked #6

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Willow Knolls, Peoria, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Willow Knolls Apartments

How much is rent for a Cheap One Bedroom Willow Knolls Apartment?

The lowest price for a Cheap One Bedroom Willow Knolls Apartment is $825 at Crestwood Apartments.

What is the lowest price for a Cheap Two Bedroom Willow Knolls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Willow Knolls is starting from $850 at Crestwood Apartments.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.