Cheap Apartments for Rent in Peotone, IL from $800 (29 Rentals)

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517 Hauert Street
2 Bedroom Apartments

517 Hauert Street

517 Hauert StPeotone, IL 60468
  • Utilities Included

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property at 3040 Chicago Rd

3040 Chicago Rd

South Chicago HeightsIL60411
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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Peotone, IL Local Guide

Cheapest Available Peotone Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peotone, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. St James Senior Apartments in the University Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $811. Here is today’s list of the most affordable Peotone apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$811
Chelsea GardenStudio, 1 bathStudio,1BA$900
Central Park1 Bedroom 1 Bath1BR,1BA$1,199
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1,300
Park Towers Apartment HomesOne Bedroom1BR,1BA$1,345
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1,365
Richton Trail2 Beds, 1 bath2BR,1BA$1,375

Best Value Apartments for Rent in Peotone, IL and Nearby

As of September 15, 2025 the best value apartment in the Peotone area is the $1.15 price per square foot 2 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,530. The second greatest value Peotone apartment is the 2BR Model at Edgewater Walk Apartments starting at $1,450 with a $1.28 price per square foot in the Barrett Brothers neighborhood. Here is today’s list of the best values for Peotone apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Central Park2 Bedroom 1 Bath Townhouse2BR,1BA$1.15
Edgewater Walk Apartments2BR2BR,2BA$1.28
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.25
504 Schroeder Ave, Unit #1504 Schroeder Ave2BR,1BA$1.56
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.51
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Park Towers Apartment HomesOne Bedroom1BR,1BA$1.70
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1.89
Crest ApartmentsStudioStudio ,1BA$1.78

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Peotone, IL

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Peotone Apartments

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

The lowest price for a Cheap One Bedroom Peotone Apartment is $811 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 $1,159 at St James Senior Apartments.

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

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.