
Cheap Homes for Rent in Peotone, IL from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.


3353 Commercial Ave

3343 Commercial Ave

3554 Western Ave
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.

29837 IL-50

252 S Oak St

39 Partridge Ln

5160 Thomas Dr
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

How much does it cost to rent a home in Peotone?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peotone 2 Bedroom Homes for Rent | $1,826 | $1,545 | $2,750 |
Peotone 3 Bedroom Homes for Rent | $2,269 | $1,699 | $4,200 |
Peotone 4 Bedroom Homes for Rent | $2,859 | $2,400 | $3,410 |
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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 $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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Crest Apartments | Studio | Studio,1BA | $750 |
Chelsea Garden | Studio, 1 bath | Studio,1BA | $900 |
St James Senior Apartments | One Bedroom One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Oakwood Townhomes | 3 Bedroom | 3BR,1BA | $1.43 |
Central Park Apartments & Townhomes | 2 Bed 1 Bath Townhouse W/D | 2BR,1BA | $1.21 |
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.73 |
St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $1.27 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1.52 |
The Residences at 159 Tinley Park Place | 1 Bedroom Small | 1BR,1BA | $2.30 |
Edenbridge Apartments | Senior Living 1x1 | 1BR,1BA | $2.16 |
Crest Apartments | Studio | Studio ,1BA | $1.67 |
Chelsea Garden | Studio, 1 bath | Studio ,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.

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.

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.

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.

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.