Cheap Apartments for Rent in Peotone, IL from $800 (31 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

$1,200

1 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468

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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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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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

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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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
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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
The Shields2 Bedroom2BR,1BA$979
Linden Park ApartmentsStudio AStudio,1BA$1,000
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1,150
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,240
Central Park1 Bedroom 1 Bath1BR,1BA$1,289

Best Value Apartments for Rent in Peotone, IL and Nearby

As of December 17, 2025 the best value apartment in the Peotone area is the $1.62 price per square foot 2BR/1.5BA Model at One Fifty Seven Oak Forest in the in the Country Aire neighborhood starting from $2,795. The second greatest value Peotone apartment is the 2 Bedroom 1 Bath Townhouse Model at Central Park starting at $1,629 with a $1.23 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 ListingModel NameBed/BathPrice Per Sq.Ft.
One Fifty Seven Oak Forest2BR/1.5BA2BR,1.5BA$1.62
Central Park2 Bedroom 1 Bath Townhouse2BR,1BA$1.23
Parkview Estates2BR/1.5BA2BR,1.5BA$1.66
The Shields2 Bedroom2BR,1BA$1.00
Westbridge Apartments2 Bed 2 Bath Renovated2BR,2BA$1.60
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.25
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
21746 Jeffrey Avenue Sauk Village, IL 604112 Bedroom 1 Bath Apartment2BR,1BA$1.54
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1.68
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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The 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.

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

Explore Peotone, IL Rentals by Map

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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 $800.

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 $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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.