
Cheap Homes for Rent in Willow Knolls Neighborhood of Peoria, IL from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Willow Knolls area of Peoria.


4028 N Illinois Ave, Unit 4
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.

4028 N Illinois Ave, Unit 8

Furnished Studio-Peoria - North
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.

6207 N Northmoor Ct, Unit 6205
Willow Knolls, Peoria, IL Local Guide

How much does it cost to rent a home in Willow Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Willow Knolls 2 Bedroom Homes for Rent | $1,450 | $1,450 | $1,450 |
| Willow Knolls 3 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Studio unit found at Hollow Hills priced from $700. The Village on University has the second lowest priced unit, which is a Studio apartment currently listed from $725. 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 |
| The Village on University | Anderson at Village South | Studio,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Willow Knolls, IL
As of June 11, 2026 the best value apartment in the Willow Knolls area is the $0.90 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 $1,350. The second greatest value Willow Knolls apartment is the 8817 N Picture Ridge Rd Model at 8817 N Picture Ridge Rd, Unit Windows to private wooded starting at $1,500 with a $1.00 price per square foot in the Willow 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 | $0.90 |
| 8817 N Picture Ridge Rd, Unit Windows to private wooded | 8817 N Picture Ridge Rd | 1BR,1.5BA | $1.00 |
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Hollow Creek | HCIV2S1FP | 2BR,2BA | $1.22 |
| 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 #6
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 Willow Knolls
What type of rentals are currently available in Willow Knolls?
There are currently 51 Apartments for Rent in Willow Knolls, IL with pricing that ranges from $700 to $2,675. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Willow Knolls ranging from $895 to $1,950.
What is the current price range for Rental Homes in Willow Knolls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Willow Knolls ranges from $895 to $1,950 with an average monthly rent of $1,431.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.