
Cheap Homes for Rent in Peotone, IL from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.


29837 IL-50
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.

1 Eagle Ln

172 E Baker St
The 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.

159 Hemlock St
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 | $1,594 | $1,350 | $1,790 |
Peotone 3 Bedroom Homes for Rent | $2,267 | $1,350 | $4,200 |
Peotone 4 Bedroom Homes for Rent | $2,640 | $1,800 | $3,200 |
Browse Top Homes for Rent in Peotone
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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 Chelsea Garden in the West Lakes neighborhood priced from $900. Linden Park Apartments in the Downtown Park Forest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Peotone apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Chelsea Garden | Studio, 1 bath | Studio,1BA | $900 |
Linden Park Apartments | Studio A | Studio,1BA | $1,000 |
St James Senior Apartments | Two Bedroom One Bath | 2BR,1BA | $1,159 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of August 06, 2025 the best value apartment in the Peotone area is the $2.40 price per square foot Two Bedroom Ranch Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $3,275. The second greatest value Peotone apartment is the 2BD\2BA with Office Model at 6607 181st St starting at $2,000 with a $1.61 price per square foot in the Brookside Glen 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. |
---|---|---|---|
Orland Ridge Towns and Villas | Two Bedroom Ranch | 2BR,2BA | $2.40 |
6607 181st St | 2BD\2BA with Office | 2BR,2BA | $1.61 |
Lincoln Station Rowhomes | C2 | 2BR,2BA | $2.35 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.71 |
Park Towers Apartment Homes | One Bedroom | 1BR,1BA | $1.82 |
Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.72 |
St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $1.92 |
The Residences at 159 Tinley Park Place | 1 Bedroom Small | 1BR,1BA | $2.30 |
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 $800 to $6,417. There are also 34 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 $1,826.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.