Cheap Apartments for Rent in the 61602 ZIP Code of Peoria, IL from $300 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 61602 ZIP Code 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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Twin Towers Place
1 to 3 Bedroom Apartments

Twin Towers Place

123 SW Jefferson AvePeoria, IL 61602
  • Utilities Included
  • Smoke Free
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Kickapoo Apartments
1 to 2 Bedroom Apartments

Kickapoo Apartments

730 Main StPeoria, IL 61602
  • Utilities Included
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Element Lofts
Studio Apartments

Element Lofts

330 SW Water StPeoria, IL 61602
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Murray Place
1 to 3 Bedroom Apartments

Murray Place

100 Walnut StPeoria, IL 61602
  • Utilities Included

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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property at 1411 W Barker Ave

$950 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,200
Total Monthly Price
$950 - $1,200

1 To 2 Bedroom Homes for Rent

Available Now

1411 W Barker Ave

PeoriaIL61606
property at 1809 W Laura Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

4 Bedroom, 2 Bath Home for Rent

Available Now

1809 W Laura Ave

PeoriaIL61606
property at 506 N Institute Pl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

4 Bedroom, 1 Bath Home for Rent

Available Aug 1, 2027

506 N Institute Pl

PeoriaIL61606
property at 1913 W Laura Ave

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

3 Bedroom, 1 Bath Home for Rent

Available Now

1913 W Laura Ave

West PeoriaIL61604
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Hurlburt House
1 Bedroom Apartments

Hurlburt House

818 W Hurlburt StPeoria, IL 61605
Senior Living

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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Cityscape
2 to 3 Bedroom Apartments

Cityscape

601 W Romeo B Garrett AvePeoria, IL 61605
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Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603
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Schlarman House
1 Bedroom Apartments

Schlarman House

707 Madison Ave NEPeoria, IL 61603
Senior Living
  • Utilities Included
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502 W High St
1 Bedroom Apartments

502 W High St

502 W High StPeoria, IL 61606
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511 W High St
1 to 2 Bedroom Apartments

511 W High St

511 W High StPeoria, IL 61606

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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Showing Results 1-37, Page 1 of 1

Frequently Asked Questions about Cheap the 61602 ZIP Code Apartments

What is the Cheapest Studio apartment in 61602?

Currently the most affordable Cheap Studio Apartment in 61602 is at Lumio Pompano Beach listed at $2,147.

How much is rent for a Cheap One Bedroom 61602 Apartment?

The lowest price for a Cheap One Bedroom 61602 Apartment is $1,400 at Noor 60 Units.

What is the lowest price for a Cheap Two Bedroom 61602 Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 61602 is starting from $1,850 at Palm Court 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.