
Cheap Homes for Rent in Peotone, IL from $1,100 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.


5 Thomas Ct

29837 IL-50

3484 Western Ave

1514 Northfield Meadows Blvd

4061 Charleston Rd
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.

21 Indianwood Blvd

608 Huntington Ct

61 Meadowlark Ln

41 Indianwood Blvd

8 Drake Ln

73 Meadowlark Ln
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.
Peotone, IL Local Guide

How much does it cost to rent a home in Peotone?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peotone 2 Bedroom Homes for Rent | $1,615 | $1,100 | $2,300 |
| Peotone 3 Bedroom Homes for Rent | $2,118 | $1,599 | $2,800 |
| Peotone 4 Bedroom Homes for Rent | $2,371 | $1,860 | $3,295 |
Browse Top Homes for Rent in Peotone
Explore Peotone
Peotone, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $811 |
| The Shields | 2 Bedroom | 2BR,1BA | $979 |
| Linden Park Apartments | Studio A | Studio,1BA | $1,000 |
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of December 29, 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 $1,579 with a $1.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| One Fifty Seven Oak Forest | 2BR/1.5BA | 2BR,1.5BA | $1.62 |
| Central Park | 2 Bedroom 1 Bath Townhouse | 2BR,1BA | $1.19 |
| Parkview Estates | 2BR/1.5BA | 2BR,1.5BA | $1.66 |
| Edgewater Walk Apartments | 2BR | 2BR,2BA | $1.28 |
| The Shields | 2 Bedroom | 2BR,1BA | $1.00 |
| Westbridge Apartments | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.57 |
| St James Senior Apartments | Two Bedroom One Bath | 2BR,1BA | $1.25 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1.42 |
| Dynasty House Apartments | 2 Bedroom UNIV | 2BR,1BA | $1.63 |
| 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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peotone, IL Rentals by Map
See the most popular apartments and homes in Peotone, IL
Frequently Asked Questions about Peotone
What type of rentals are currently available in Peotone?
There are currently 53 Apartments for Rent in Peotone, IL with pricing that ranges from $800 to $3,687. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peotone ranging from $1,100 to $3,295.
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 $1,100 to $3,295 with an average monthly rent of $1,830.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!