Cheap Apartments for Rent in the 61602 ZIP Code of Peoria, IL from $300 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 61602 ZIP Code area of Peoria.

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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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

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.

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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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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

2 To 3 Bedroom Homes for Rent

Available Jun 1

1411 W Barker Ave

PeoriaIL61606

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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property at 836 N Rebecca Pl

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

4 Bedroom, 2 Bath Home for Rent

Available May 15

836 N Rebecca Pl

PeoriaIL61606
property at 1706 W Bradley Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

1706 W Bradley Ave

PeoriaIL61606
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Hurlburt House
1 Bedroom Apartments

Hurlburt House

818 W Hurlburt StPeoria, IL 61605
Senior Living
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Sandmeyer Flats
Studio to 2 Bedroom Apartments

Sandmeyer Flats

601-607 NW Bryan StPeoria, IL 61603
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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
  • Utilities Included
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Schlarman House
1 Bedroom Apartments

Schlarman House

707 Madison Ave NEPeoria, IL 61603
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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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Showing Results 1-42, 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 $2,093.

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

The lowest price for a Cheap One Bedroom 61602 Apartment is $1,320 at Bellagio Apartments.

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 $1,750 at Palm Court Apartments.

What is the most affordable 61602 Three Bedroom Apartment?

The best deal on a cheap 61602 Three Bedroom Apartment rental is at ARIUM at Pompano Beach and starts from $3,066.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.