Cheap Homes for Rent in East Peoria, IL from $500 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

East Peoria, IL Local Guide

Cheapest Available East Peoria Apartments for Rent

 

The cheapest available apartment rental in East Peoria, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. The Avenue Apartments in the Averyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable East Peoria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
1107 Pekin AveMulti-Family1BR,1BA$650
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Glen Oak Manor2BR/1.0BA2BR,1BA$800
Civic Center Plaza ApartmentsStudioStudio,1BA$803
Marquette PlaceStudioStudio,1BA$880
Stratford ApartmentsModern One Bedroom Apartment in East Peoria1BR,1BA$925
EMR Apartments1 BR Standard Utilities Included1BR,1BA$950
812 LoftsStudioStudio,1BA$1,050

Best Value Apartments for Rent in East Peoria, IL

As of March 26, 2025 the best value apartment in the East Peoria area is the $1.33 price per square foot 2875 Bartruff Ln Model at 2875 Bartruff Ln, Unit A in the starting from $2,000. The second greatest value East Peoria apartment is the Marthas Vineyard Renovated Model at Cape Cod Village Apartments starting at $1,238 with a $1.42 price per square foot . Here is today’s list of the best values for East Peoria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2875 Bartruff Ln, Unit A2875 Bartruff Ln3BR,2BA$1.33
Cape Cod Village ApartmentsMarthas Vineyard Renovated2BR,1BA$1.42
Stratford ApartmentsModern One Bedroom Apartment in East Peoria1BR,1BA$1.23
Winkler Place1BD 1BTH1BR,1BA$1.59
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Linn St Commons1BR/1BA1BR,1BA$0.87
Glen Oak Manor2BR/1.0BA2BR,1BA$1.23
The Avenue Apartments1B/ 1BA1BR,1BA$1.06
1107 Pekin AveMulti-Family1BR,1BA$1.08
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.34

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about East Peoria

What type of rentals are currently available in East Peoria?

There are currently 106 Apartments for Rent in East Peoria, IL with pricing that ranges from $575 to $3,501. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Peoria ranging from $551 to $3,400.

What is the current price range for Rental Homes in East Peoria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Peoria ranges from $551 to $3,400 with an average monthly rent of $1,152.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.