
Cheap Homes for Rent in Saint Peter, IL from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Saint Peter.


272 S Shannon St

205 North St

1208 Illinois Ave

913 N Taylorville Blvd

400 S Marshall St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

413 3rd St

600 E Jefferson Ave

101 E Washington Ave

101 E Alabama St

301 E Olive St

919 Mulberry St
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.

3005 Dewitt Ave
Saint Peter, IL Local Guide

How much does it cost to rent a home in Saint Peter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Saint Peter 2 Bedroom Homes for Rent | $1,160 | $675 | $1,925 |
| Saint Peter 3 Bedroom Homes for Rent | $1,449 | $699 | $2,975 |
| Saint Peter 4 Bedroom Homes for Rent | $1,047 | $900 | $1,195 |
| Saint Peter 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent in Saint Peter
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Saint Peter, IL Local Guide
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Cheapest Available Saint Peter Apartments for Rent and Nearby
 The cheapest available apartment rental in Saint Peter, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Saint Peter apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $475 |
| Westport Apartments | One Bedroom | 1BR,1BA | $484 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $497 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Best Value Apartments for Rent in Saint Peter, IL and Nearby
As of June 19, 2026 the best value apartment in the Saint Peter area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Saint Peter apartment is the 3 Bd Townhouse w/ Garage Model at BSB Apartments starting at $1,150 with a $1.04 price per square foot in the Metro East neighborhood. Here is today’s list of the best values for Saint Peter apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $1.04 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.38 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.64 |
| Westport Apartments | One Bedroom | 1BR,1BA | $0.71 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $0.76 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Cedars of Lebanon Apartments | Studio | Studio ,1BA | $0.44 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Saint Peter, IL
Frequently Asked Questions about Saint Peter
What type of rentals are currently available in Saint Peter?
There are currently 46 Apartments for Rent in Saint Peter, IL with pricing that ranges from $200 to $2,077. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Saint Peter ranging from $675 to $2,975.
What is the current price range for Rental Homes in Saint Peter?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Saint Peter ranges from $675 to $2,975 with an average monthly rent of $1,276.
How much are larger Three and Four Bedroom Rentals in Saint Peter?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Saint Peter range from $665 to $1,684, while Three Bedroom Homes, Condos, and Townhomes for rent range from $699 to $2,975. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $850.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.