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 1809 W Laura Ave
$1,100

Total Monthly Price

Base Rent$1,100
Total Monthly Price$1,100
4 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1809 W Laura 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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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

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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Schlarman House
1 Bedroom Apartments

Schlarman House

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

600 W High St

600 W High StPeoria, IL 61606
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502 W High St
1 Bedroom Apartments

502 W High St

502 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 Emera Port Royale listed at $2,056.

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

The lowest price for a Cheap One Bedroom 61602 Apartment is $1,250 at 1760 NE 52nd Street.

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 $1,849 at Amberstone Apartments.

What is the most affordable 61602 Three Bedroom Apartment?

The best deal on a cheap 61602 Three Bedroom Apartment rental is at Lumio Pompano Beach and starts from $3,340.

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 How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.