Cheap Apartments for Rent in Peotone, IL from $700 (27 Rentals)

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517 Hauert Street
2 Bedroom Apartments

517 Hauert Street

517 Hauert StPeotone, IL 60468
  • Utilities Included
property at 29837 IL-50

29837 IL-50

PeotoneIL60468

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
Showing Results 1-27, Page 1 of 1

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 Downtown Park Forest neighborhood priced from $750. Chelsea Garden in the Fairmeadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Peotone apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$750
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$974
Linden Park ApartmentsStudio AStudio,1BA$990
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Olympic Village ApartmentsThe Spruce1BR,1BA$1,050
Central Park Apartments & Townhomes1 Bed 1 Bath A1BR,1BA$1,189
Westbridge Apartments1 Bed 1 Bath A Renovated1BR,1BA$1,340
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,410
The Residences at 159 Tinley Park Place1 Bedroom Small1BR,1BA$1,449

Best Value Apartments for Rent in Peotone, IL and Nearby

As of June 11, 2025 the best value apartment in the Peotone area is the $1.41 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,900. The second greatest value Peotone apartment is the One Bed w/ Den Ranch Model at Orland Ridge Towns and Villas starting at $2,900 with a $2.29 price per square foot in the Meadow 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.
Oakwood Townhomes3 Bedroom3BR,1BA$1.41
Orland Ridge Towns and VillasOne Bed w/ Den Ranch1BR,1BA$2.29
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.58
Westbridge Apartments1 Bed 1 Bath A Renovated1BR,1BA$1.73
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Central Park Apartments & Townhomes1 Bed 1 Bath A1BR,1BA$1.68
Olympic Village ApartmentsThe Pine1BR,1BA$1.52
Crest ApartmentsStudioStudio ,1BA$1.67
Chelsea GardenStudio, 1 bathStudio ,1BA$2.04

Quick Rent Budget Calculator

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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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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

What is the Cheapest Studio apartment in Peotone?

Currently the most affordable Cheap Studio Apartment in Peotone is at Crest Apartments listed at $750.

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

The lowest price for a Cheap One Bedroom Peotone Apartment is $825 at Crest 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 $1,025 at Carriage Creek 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 $1,445.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.