
Cheap Apartments for Rent in Peotone, IL from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Peotone.


29837 IL-50

451 South West Street, Peotone, IL

ST JAMES SENIOR APARTMENTS

Crest 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.

The Shields

Thornwood Apartments

Linden Park Apartments

Carriage Creek Apartments

Edenbridge 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.

Chelsea Garden

Barberry Apartments

1304 E North St

Autumn Ridge

West Harbor Place
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.
Peotone, IL Local Guide

How much does it cost to rent an apartment in Peotone?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peotone Studio Apartments | $965 | $800 | $1,060 |
| Peotone 1 Bedroom Apartments | $1,462 | $764 | $3,176 |
| Peotone 2 Bedroom Apartments | $1,927 | $979 | $3,271 |
| Peotone 3 Bedroom Apartments | $2,442 | $1,437 | $3,683 |
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Peotone, IL Local Guide
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Cheapest Available Peotone Apartments for Rent and Nearby
 The cheapest available apartment rental in Peotone, IL is a 1 Bed unit found at ST JAMES SENIOR APARTMENTS in the University Park neighborhood priced from $553. The Shields has the second lowest priced unit, which is a 2 Beds apartment currently listed from $979. Here is today’s list of the most affordable Peotone apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ST JAMES SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $553 |
| The Shields | 2 Bedroom | 2BR,1BA | $979 |
| Linden Park Apartments | Studio A | Studio,1BA | $1,000 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B | 1BR,1BA | $1,120 |
| Edenbridge Apartments | Senior Living 1x1 | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of February 01, 2026 the best value apartment in the Peotone area is the $1.56 price per square foot 2BR/1.5BA Model at One Fifty Seven Oak Forest in the in the Country Aire neighborhood starting from $2,695. The second greatest value Peotone apartment is the 3 Bedroom 1 Bath Townhouse Model at Central Park starting at $1,939 with a $1.44 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Peotone apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| One Fifty Seven Oak Forest | 2BR/1.5BA | 2BR,1.5BA | $1.56 |
| Central Park | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1.44 |
| Parkview Estates | 2BR/1.5BA | 2BR,1.5BA | $1.66 |
| Edgewater Walk Apartments | 2BR | 2BR,2BA | $1.28 |
| The Shields | 2 Bedroom | 2BR,1BA | $1.00 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.74 |
| 21746 Jeffrey Avenue Sauk Village, IL 60411 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.52 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.64 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B | 1BR,1BA | $1.63 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peotone, IL Rentals by Map
See the most popular apartments and homes in Peotone, IL
Frequently Asked Questions about Cheap Peotone Apartments
What is the Cheapest Studio apartment in Peotone?
Currently the most affordable Cheap Studio Apartment in Peotone is at Linden Park Apartments listed at $1,000.
How much is rent for a Cheap One Bedroom Peotone Apartment?
The lowest price for a Cheap One Bedroom Peotone Apartment is $553 at ST JAMES SENIOR APARTMENTS.
What is the lowest price for a Cheap Two Bedroom Peotone Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peotone is starting from $979 at The Shields.
What is the most affordable Peotone Three Bedroom Apartment?
The best deal on a cheap Peotone Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,640.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.