
Cheap Short Term Lease Apartments for Rent in Peoria, IL from $400 (14 Rentals)
Rental terms in Peoria as short as a month! Perfect when you can't commit to a full year of renting.
Search the lowest-cost Apartments available for rent right now in Peoria.


Woods + Meadow Apartments

Glenbrook Apartments

Timberbrook Apartments

The Grove Apartments

Brandywine Crossing Apartments

Woodsage Apartments

Forest Park Apartments
Peoria, IL Local Guide

How much does it cost to rent an apartment in Peoria?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peoria Studio Apartments | $981 | $575 | $1,650 |
Peoria 1 Bedroom Apartments | $1,065 | $600 | $2,450 |
Peoria 2 Bedroom Apartments | $1,224 | $750 | $3,500 |
Peoria 3 Bedroom Apartments | $1,599 | $1,070 | $2,200 |
Explore Peoria
Peoria, IL Local Guide
- Peoria Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
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 a cheap apartment in Peoria?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peoria is under $799.
What is the price of a cheap apartment in Peoria?
The cheapest apartment in Peoria is Linn St Commons which is listed at $600, while the average apartment in Peoria costs $1,650.
What types of apartments are the cheapest in Peoria?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,632 regular apartments in Peoria that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Peoria?
Cheap apartments in Peoria have an average cost of $182 which is $1,468 cheaper than the average rent for all rentals in Peoria.
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.

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.

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.

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.

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.