
Cheap Homes for Rent in Princeville, IL from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Princeville.


305 N Pleasant View St

3220 N Gale Ave

611 W Matthews St

3624 N Finnell Ave
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.

3500 Yorkshire

3207 W Willow Knolls Dr

4130 N Rochelle Ln

816 W Virginia Ave

2029 W Forrest Hill 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.

6831 N Frostwood Pkwy
Princeville, IL Local Guide

How much does it cost to rent a home in Princeville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Princeville 2 Bedroom Homes for Rent | $1,296 | $750 | $2,300 |
| Princeville 3 Bedroom Homes for Rent | $1,840 | $1,100 | $2,750 |
| Princeville 4 Bedroom Homes for Rent | $2,319 | $1,600 | $2,950 |
| Princeville 5 Bedroom Homes for Rent | $3,500 | $2,800 | $4,200 |
Browse Top Homes for Rent in Princeville
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Princeville, IL Local Guide
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Cheapest Available Princeville Apartments for Rent and Nearby
 The cheapest available apartment rental in Princeville, IL is a Studio unit found at Willow Knolls Apartments in the Northmoor Knolls neighborhood priced from $700. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Princeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Knolls Apartments | Studio | Studio,1BA | $700 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
| Willow Way | 1 bed 1 bath Unit 1 bldg 2 | 1BR,1BA | $800 |
Best Value Apartments for Rent in Princeville, IL and Nearby
As of December 15, 2025 the best value apartment in the Princeville area is the $1.08 price per square foot Two Bedrooms, Two Bathrooms Model at Flats at Dunlap in the in the Northmoor Knolls neighborhood starting from $1,075. The second greatest value Princeville apartment is the 2 bedroom 1. 5 bath Model at Hollybrook Apartments starting at $850 with a $0.90 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Princeville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Flats at Dunlap | Two Bedrooms, Two Bathrooms | 2BR,2BA | $1.08 |
| Hollybrook Apartments | 2 bedroom 1. 5 bath | 2BR,1.5BA | $0.90 |
| Glen Willows | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.08 |
| 504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
| Versailles Apartments | Royal - 2BR / 1BA | 2BR,1BA | $1.05 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
| Forest Hill Apartments | 1x1 | 1BR,1BA | $1.12 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
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 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!
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See the most popular apartments and homes in Princeville, IL
Frequently Asked Questions about Princeville
What type of rentals are currently available in Princeville?
There are currently 38 Apartments for Rent in Princeville, IL with pricing that ranges from $625 to $1,912. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Princeville ranging from $700 to $4,200.
What is the current price range for Rental Homes in Princeville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Princeville ranges from $700 to $4,200 with an average monthly rent of $1,931.
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

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.