Cheap Homes for Rent in Peotone, IL from $900 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in Peotone.

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.

property at 29837 IL-50

29837 IL-50

PeotoneIL60468

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.

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 $750. Chelsea Garden in the West Lakes 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

Best Value Apartments for Rent in Peotone, IL and Nearby

As of June 21, 2025 the best value apartment in the Peotone area is the $1.43 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,920. The second greatest value Peotone apartment is the 2 Bed 1 Bath Townhouse W/D Model at Central Park Apartments & Townhomes starting at $1,600 with a $1.21 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.
Oakwood Townhomes3 Bedroom3BR,1BA$1.43
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse W/D2BR,1BA$1.21
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.73
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Olympic Village ApartmentsThe Pine1BR,1BA$1.52
The Residences at 159 Tinley Park Place1 Bedroom Small1BR,1BA$2.30
Edenbridge ApartmentsSenior Living 1x11BR,1BA$2.16
Crest ApartmentsStudioStudio ,1BA$1.67
Chelsea GardenStudio, 1 bathStudio ,1BA$2.04

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Frequently Asked Questions about Peotone

What type of rentals are currently available in Peotone?

There are currently 49 Apartments for Rent in Peotone, IL with pricing that ranges from $750 to $5,795. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peotone ranging from $950 to $4,200.

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 $950 to $4,200 with an average monthly rent of $1,927.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.