101 E 23rd St
Chicago HeightsIL60411
Cheap Homes for Rent in Peotone, IL from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.
3484 Western Ave
Park ForestIL60466
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.
29837 IL-50
PeotoneIL60468
41 E Main St
Chicago HeightsIL60411
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.
73 Meadowlark Ln
BeecherIL60401
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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 | $1,758 | $1,400 | $2,300 |
| Peotone 3 Bedroom Homes for Rent | $2,085 | $1,649 | $3,500 |
| Peotone 4 Bedroom Homes for Rent | $2,799 | $1,900 | $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. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,135. 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 |
| Carriage Creek Apartments | Studio Mid-Rise | Studio,1BA | $1,135 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1,159 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of July 12, 2026 the best value apartment in the Peotone area is the $1.73 price per square foot Willow Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $2,149. The second greatest value Peotone apartment is the 3 Bedroom UNIV Model at Dynasty House Apartments starting at $1,905 with a $1.86 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.73 |
| Dynasty House Apartments | 3 Bedroom UNIV | 3BR,2BA | $1.86 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Park Towers Apartments | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.84 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Edgewater Walk Apartments | 1BR | 1BR,1BA | $1.58 |
| 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 57 Apartments for Rent in Peotone, IL with pricing that ranges from $553 to $3,453. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peotone ranging from $1,300 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 $1,300 to $4,500 with an average monthly rent of $1,985.
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
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.
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.
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.
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.