Cheap Apartments for Rent in Peotone, IL from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in Peotone.

property at 29837 IL-50

$900 - $1,400

Studio To 2 Bedroom Rentals

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29837 IL-50

PeotoneIL60468
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517 Hauert Street
2 Bedroom Apartments

517 Hauert Street

517 Hauert StPeotone, IL 60468
  • Utilities Included

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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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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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915

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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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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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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
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21746 Jeffrey
1 to 2 Bedroom Apartments

21746 Jeffrey

21746 S Jeffrey AveSauk Village, IL 60411
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Apartments of Orland
1 to 2 Bedroom Apartments

Apartments of Orland

16005 Applewood LnOrland Hills, IL 60487
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7081 Apartments
1 to 2 Bedroom Apartments

7081 Apartments

7081 170th StTinley Park, IL 60477
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16601 Jean Ln
1 Bedroom Apartments

16601 Jean Ln

16601 Jean LnTinley Park, IL 60477

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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1014 Shagbark Rd
2 Bedroom Apartments

1014 Shagbark Rd

1014 Shagbark RdNew Lenox, IL 60451
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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. Linden Park Apartments in the Downtown Park Forest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Peotone apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Linden Park ApartmentsStudio AStudio,1BA$1,050
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Thornwood Apartments2x1 8532BR,1BA$1,175
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Carriage Creek Apartments1 Bed 1 Bath Garden B1BR,1BA$1,210
Pheasant Run Apartmentssc2s2BR,1BA$1,285
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,305
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1,380

Best Value Apartments for Rent in Peotone, IL and Nearby

As of June 23, 2026 the best value apartment in the Peotone area is the $1.06 price per square foot oak forest single family Home Model at 15930 Laramie Ave in the in the Chateaux neighborhood starting from $2,095. The second greatest value Peotone apartment is the 2 BED 1 BATH Model at ST JAMES SENIOR APARTMENTS starting at $1,159 with a $1.25 price per square foot in the University Park 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.
15930 Laramie Aveoak forest single family Home3BR,2BA$1.06
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Olympic Village ApartmentsThe Maple2BR,1BA$1.60
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Pheasant Run Apartmentssc2s2BR,1BA$1.49
Thornwood Apartments2x1 8532BR,1BA$1.38
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Westbridge Apartments1 Bed 1 Bath B Renovated1BR,1BA$1.77
Carriage Creek Apartments1 Bed 1 Bath Garden B1BR,1BA$1.81
Crest ApartmentsStudioStudio ,1BA$1.78

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Peotone, IL Rentals by Map

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See the most popular apartments and homes in Peotone, IL

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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 Crest Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Peotone Apartment is $1,200 at Chelsea Garden.

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 Linden Park Apartments and starts from $1,715.

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 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.