203 S Elm Ave
KankakeeIL60901
Cheap Homes for Rent in Peotone, IL from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.
29837 IL-50
PeotoneIL60468
1097 E Merchant St
KankakeeIL60901
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
4 Drake Ln
BeecherIL60401
17 Meadowlark Ln
BeecherIL60401
1631 Buena Vista Ave
Chicago HeightsIL60411
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1023 Shagbark Ct
New LenoxIL60451
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Peotone, IL Local Guide
Downtown Peotone Historic District by Teemu08 is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Peotone?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peotone 2 Bedroom Homes for Rent | $2,332 | $1,599 | $3,400 |
| Peotone 3 Bedroom Homes for Rent | $2,136 | $1,200 | $2,750 |
| Peotone 4 Bedroom Homes for Rent | $2,883 | $1,700 | $4,500 |
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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 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 $1,110. Here is today’s list of the most affordable Peotone apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Linden Park Apartments | Studio B | Studio,1BA | $1,110 |
| Carriage Creek Apartments | Studio Mid-Rise | Studio,1BA | $1,135 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of August 26, 2026 the best value apartment in the Peotone area is the $1.45 price per square foot Willow Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $1,799. The second greatest value Peotone apartment is the sc3s1.5 Model at Pheasant Run Apartments starting at $1,795 with a $1.83 price per square foot in the Sunset Point 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. |
|---|---|---|---|
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.45 |
| Pheasant Run Apartments | sc3s1.5 | 3BR,1.5BA | $1.83 |
| Heritage Manor | 1BR/1BATH | 1BR,1BA | $1.53 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.66 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1.81 |
| Chelsea Garden | 1 Bed, 1 bath | 1BR,1BA | $1.85 |
| Crest Apartments | Studio | Studio ,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.
Read Article
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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Frequently Asked Questions about Peotone
What type of rentals are currently available in Peotone?
There are currently 62 Apartments for Rent in Peotone, IL with pricing that ranges from $553 to $3,711. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peotone ranging from $1,095 to $4,500.
What is the current price range for Rental Homes in Peotone?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peotone ranges from $1,095 to $4,500 with an average monthly rent of $2,342.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.