Cheap Apartments for Rent in the Willow Knolls Neighborhood of Peoria, IL from $500 (28 Rentals)

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

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Hollow Hills
$700 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$595 - $1,295
Required Monthly Fees
$105

Total Monthly Price
$700 - $1,400
Studio to 3 Bedroom Apartments Available Now

Hollow Hills

4019 W Hollow Creek DrPeoria, IL 61615
Affordability
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  • Customer Reviewed
  • Utilities Included
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Versailles Apartments
$795 - $1,025
Total Monthly Price

Total Monthly Price

Base Rent
$700 - $930
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Versailles Apartments

935 W Loire CtPeoria, IL 61614
Outdoors
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  • Customer Reviewed
  • 3D Tour
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Timberlane Apartments
$809 - $1,915
Total Monthly Price

Total Monthly Price

Base Rent
$805 - $1,911
Required Monthly Fees
$4

Total Monthly Price
$809 - $1,915
Studio to 2 Bedroom Apartments Available Mar 30

Timberlane Apartments

2900 W War Memorial DrPeoria, IL 61615
Furnished
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  • Customer Reviewed
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Nordic Villa Apartments
$825 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$785 - $1,110
Required Monthly Fees
$40

Total Monthly Price
$825 - $1,150
1 to 2 Bedroom Apartments Available Now

Nordic Villa Apartments

3120 W Willow Knolls DrPeoria, IL 61614
Senior Living
  • Verified
  • Utilities Included
  • 3D Tour

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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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The Village on University
Rent Specials
$825 - $1,160
Total Monthly Price

Total Monthly Price

Base Rent
$715 - $1,050
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Village on University

6516 University St NPeoria, IL 61614
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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International Place
Studio to 2 Bedroom Apartments

International Place

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

Pine Hill

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

Richwoods Plaza

6709 N University StPeoria, IL 61614
  • Utilities Included
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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
  • Utilities Included

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Kellar Commons
1 to 2 Bedroom Apartments

Kellar Commons

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

Willow Way

2630 W Willowlake DrPeoria, IL 61614
  • Smoke Free
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Kingsway Apartments
1 to 2 Bedroom Apartments

Kingsway Apartments

1811 W Kingsway DrPeoria, IL 61614
  • Utilities Included
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Briargate Apartments
1 to 2 Bedroom Apartments

Briargate Apartments

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

Oakridge

2700-2714 W Willow Lake DrPeoria, IL 61614
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 1 Bed unit found at Knoxville Manor Apartments priced from $675. Hollow Hills has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Willow Knolls apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Hollow HillsStudioStudio,1BA$700
Versailles ApartmentsTradition - 1BR / 1BA1BR,1BA$795
Woods + Meadow ApartmentsOne Bedroom Apartment in North Peoria1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Hollybrook Apartments1 bedroom1BR,1BA$825
Nordic Villa ApartmentsLoft1BR,1BA$825
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$850
The Village on UniversityCollins at Village South1BR,1BA$855
Willow Knolls ApartmentsStandard 1 Bed / 1 Bath (644-864 SF)1BR,1BA$925

Best Value Apartments for Rent in Willow Knolls, IL

As of March 22, 2026 the best value apartment in the Willow Knolls area is the $1.17 price per square foot 8817 N Picture Ridge Rd Model at 8817 N Picture Ridge Rd, Unit Windows to private wooded in the in the Willow Knolls neighborhood starting from $1,750. The second greatest value Willow Knolls apartment is the Crown - 2BR / 1BA Model at Versailles Apartments starting at $1,025 with a $1.03 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.
8817 N Picture Ridge Rd, Unit Windows to private wooded8817 N Picture Ridge Rd1BR,1.5BA$1.17
Versailles ApartmentsCrown - 2BR / 1BA2BR,1BA$1.03
Flats at DunlapTwo Bedrooms, Two Bathrooms2BR,2BA$1.08
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Glen Willows2 Bedroom 1.5 Bathroom2BR,1.5BA$1.08
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
Forest Hill Apartments1x11BR,1BA$1.12
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Woods + Meadow ApartmentsOne Bedroom Apartment in North Peoria1BR,1BA$1.10
Hollow HillsStudioStudio ,1BA$1.08

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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 #5

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $675 at Knoxville Manor 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.

What is the most affordable Willow Knolls Three Bedroom Apartment?

The best deal on a cheap Willow Knolls Three Bedroom Apartment rental is at Hollow Hills and starts from $1,100.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.