Cheap Apartments for Rent in Peoria, IL from $400 (83 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
5905 W Ridgecrest Dr
$6751 Bedroom, 1 Bath Home for RentAvailable Now

5905 W Ridgecrest Dr

Peoria, IL 61615
View Details
close
View Me
212 E Oak Cliff Ct
$7491 Bedroom, 1 Bath Home for RentAvailable Now

212 E Oak Cliff Ct

Peoria, IL 61614
View Details
close
View Me
2632 W Willowlake Dr
$8001 Bedroom, 1 Bath Home for RentAvailable Now

2632 W Willowlake Dr

Peoria, IL 61614
View Details
close
View Me
839 Kim Moor Rd
$8252 Bedroom, 1 Bath Home for RentAvailable Now

839 Kim Moor Rd

Peoria, IL 61605
View Details
close
View Me
9332 N Cross St
$8952 Bedroom, 1 Bath Home for RentAvailable Now

9332 N Cross St

Peoria, IL 61615
View Details
close
View Me
International Place
Studio to 2 Bedroom Apartments

International Place

6500 N University StPeoria, IL 61614
close
View Me
Pine Hill
1 Bedroom Apartments

Pine Hill

806-808 W Pine Hill LnPeoria, IL 61614
close
View Me
Richwoods Plaza
1 to 2 Bedroom Apartments

Richwoods Plaza

6709 N University StPeoria, IL 61614
Showing Results 1-50, Page 1 of 2

Peoria, IL Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

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

Peoria Overview

If you are looking for a new place to call home, Peoria, IL might just be calling your name. With numerous landmarks, beautiful weather, and scenic views, you are sure to feel right at home in no time. While looking into a apartments in Peoria, take note of some of the reasons that living in the city is a great idea.

Why live in Peoria, IL?

Peoria is a fantastic place to live, with many opportunities for entertainment. The city is the largest on the Illinois River, with beautiful views. There are no shortage of places to get in your outdoor fix and experience nature around the city, with over 9000 acres in parks. Peoria is also Illinois’s oldest urbanized area. If you are someone who values pleasant fellow residents, Peoria ranks high on the Top 10 Best Mannered Cities for the entire nation on a consistent basis, so you are sure to make a few new friends in no time. Additionally, if you are looking to further your education, you need look no further, as the opportunities abound.

Best Local Schools in
Peoria, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Peoria, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Peoria, IL

View MapPeoria, IL Apartments MapView MapPeoria, IL Rental Homes Map

Getting Around Peoria, IL

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Peoria Apartments

What is the Cheapest Studio apartment in Peoria?

Currently the most affordable Cheap Studio Apartment in Peoria is at Willow Knolls Apartments listed at $610.

How much is rent for a Cheap One Bedroom Peoria Apartment?

The lowest price for a Cheap One Bedroom Peoria Apartment is $600 at Linn St Commons.

What is the lowest price for a Cheap Two Bedroom Peoria Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peoria is starting from $750 at The Avenue Apartments.

What is the most affordable Peoria Three Bedroom Apartment?

The best deal on a cheap Peoria Three Bedroom Apartment rental is at ASPEN BLUFF APARTMENTS and starts from $1,070.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.