
Cheap Apartments for Rent in the Willow Knolls Neighborhood of Peoria, IL from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Willow Knolls area of Peoria.


Willow Knolls Apartments

The Village on University

2315 W Cannes Dr

Glenbrook Apartments

Timberlane Apartments
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.

Crestwood Apartments

Hollybrook Apartments

Glen Willows

Nordic Villa Apartments

Brandywine Crossing Apartments

Versailles Apartments
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.

Knoxville Manor Apartments

International Place

Pine Hill

Richwoods Plaza

Tiffany Pointe

Woods + Meadow Apartments
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.

1502 W Tiffany Dr

Kellar Commons

1504 W Tiffany Dr

Willow Way

805 W Pine Hill Ln

Briargate Apartments
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.

Oakridge

Kingsway Apartments
Willow Knolls, Peoria, IL Local Guide

How much does it cost to rent an apartment in Willow Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Willow Knolls Studio Apartments | $885 | $700 | $1,228 |
| Willow Knolls 1 Bedroom Apartments | $1,044 | $799 | $1,900 |
| Willow Knolls 2 Bedroom Apartments | $1,248 | $850 | $2,675 |
| Willow Knolls 3 Bedroom Apartments | $1,726 | $1,400 | $2,257 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Willow Knolls Neighborhood of Peoria, IL.
See all Apartments in PeoriaExplore Peoria
Willow Knolls, Peoria, IL Local Guide
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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 Hollow Hills priced from $700. Willow Knolls Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Willow Knolls apartments for rent in Peoria, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollow Hills | Studio | Studio,1BA | $700 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
| Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $876 |
| The Village on University | Collins at Village South | 1BR,1BA | $895 |
| Knoxville Manor Apartments | Level 2 | 1BR,1BA | $900 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $925 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $950 |
Best Value Apartments for Rent in Willow Knolls, IL
As of May 31, 2026 the best value apartment in the Willow Knolls area is the $0.93 price per square foot 1319 W Daytona Dr Model at 1319 W Daytona Dr, Unit 1 in the in the Northmoor Knolls neighborhood starting from $1,400. The second greatest value Willow Knolls apartment is the 3 Bedroom 2 Bath Model at Eagle Point Apartments starting at $1,600 with a $1.18 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1319 W Daytona Dr, Unit 1 | 1319 W Daytona Dr | 2BR,2BA | $0.93 |
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Hollow Creek IV Apartments | HCIV2S1FP | 2BR,2BA | $1.22 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| Covington Place | 2BR/1.5BA Signature In Unit Wash/Dryer | 2BR,1.5BA | $1.15 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,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.
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 LifestyleWillow Knolls, Peoria, IL
Ranked #5
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Willow Knolls, Peoria, IL
Northmoor-Edison Primary School
Charles A Lindbergh Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Willow Knolls Apartments
What is the Cheapest Studio apartment in Willow Knolls?
Currently the most affordable Cheap Studio Apartment in Willow Knolls is at Hollow Hills listed at $700.
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

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.