
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.


Glenbrook Apartments

Crestwood Apartments

Hollybrook Apartments

1300 W Jeth Ct

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.

The Village on University

Willow Knolls Apartments

Glen Willows

Hollow Hills Apartments

Nordic Villa Apartments

Brandywine Crossing 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.

Versailles 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 | $977 | $835 | $1,228 |
| Willow Knolls 1 Bedroom Apartments | $1,037 | $775 | $2,075 |
| Willow Knolls 2 Bedroom Apartments | $1,252 | $850 | $2,675 |
| Willow Knolls 3 Bedroom Apartments | $1,684 | $1,475 | $2,072 |
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.
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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 1 Bed unit found at Knoxville Manor Apartments priced from $775. Hollybrook 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Knoxville Manor Apartments | Level 2 | 1BR,1BA | $775 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Hollow Hills Apartments | Studio / 1 Bath (518 sqft) | Studio,1BA | $875 |
| Willow Knolls Apartments | Studio / 1 Bath | Studio,1BA | $875 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
| Brandywine Crossing Apartments | 1 Bedroom G | 1BR,1BA | $876 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $880 |
| The Village on University | Collins at Village South | 1BR,1BA | $895 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $925 |
Best Value Apartments for Rent in Willow Knolls, IL
As of July 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| 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 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.13 |
| The Village on University | Collins at Village South | 1BR,1BA | $1.24 |
| 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 #4
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 Willow Knolls Apartments listed at $875.
How much is rent for a Cheap One Bedroom Willow Knolls Apartment?
The lowest price for a Cheap One Bedroom Willow Knolls Apartment is $775 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.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.