
Cheap Apartments for Rent in the Downtown Peoria Neighborhood of Peoria, IL from $400 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peoria area of Peoria.


The Avenue Apartments

623 E Lake Ave

Knoxville Manor Apartments

Stonecrest

Glenbrook Apartments

511 West Elizabeth Street

Hanssler Court Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Timberbrook Apartments

120 Linden St
Downtown Peoria, Peoria, IL Local Guide

How much does it cost to rent an apartment in Downtown Peoria?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Peoria Studio Apartments | $1,176 | $575 | $1,650 |
Downtown Peoria 1 Bedroom Apartments | $1,143 | $575 | $2,450 |
Downtown Peoria 2 Bedroom Apartments | $1,252 | $750 | $3,200 |
Downtown Peoria 3 Bedroom Apartments | $1,697 | $1,625 | $1,775 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Downtown Peoria Neighborhood of Peoria, IL.
See all Apartments in PeoriaExplore Peoria
Downtown Peoria, Peoria, IL Local Guide
- Nearby Peoria neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Peoria Apartments for Rent
 The cheapest available apartment rental in the Downtown Peoria area of Peoria, IL is a 1 Bed unit found at Linn St Commons priced from $600. The Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Downtown Peoria apartments for rent in Peoria, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Linn St Commons | 1BR/1BA | 1BR,1BA | $600 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
Civic Center Plaza Apartments | Studio | Studio,1BA | $803 |
Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
Westporte Apartments | WP1B | 1BR,1BA | $850 |
Marquette Place | Studio | Studio,1BA | $880 |
Covington Place | 2BR/1BA garden level | 2BR,1BA | $900 |
EMR Apartments | 1 BR Standard Utilities Included | 1BR,1BA | $950 |
Best Value Apartments for Rent in Downtown Peoria, IL
As of April 30, 2025 the best value apartment in the Downtown Peoria area is the $0.97 price per square foot 2 BR/1.5BA - 2nd/3rd floor Model at Covington Place in the in the Northmoor Knolls neighborhood starting from $925. The second greatest value Downtown Peoria apartment is the 2 Bedroom 2 Bath Model at Brandywine Crossing Apartments starting at $1,050 with a $1.11 price per square foot in the Averyville neighborhood. Here is today’s list of the best values for Downtown Peoria apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Covington Place | 2 BR/1.5BA - 2nd/3rd floor | 2BR,1.5BA | $0.97 |
Brandywine Crossing Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.11 |
Glen Willows | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.06 |
3207 N Peoria Ave, Unit 5 | 3207 N Peoria Ave | 2BR,1BA | $1.45 |
Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.34 |
Westporte Apartments | WP1B | 1BR,1BA | $1.47 |
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.
Pet Friendly LifestyleDowntown Peoria, Peoria, IL
Ranked #4
Among neighborhoods in Peoria, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Peoria, Peoria, IL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Peoria, IL. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Downtown Peoria Neighborhood in Peoria, IL
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
41 / 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 Downtown Peoria Apartments
What is the Cheapest Studio apartment in Downtown Peoria?
Currently the most affordable Cheap Studio Apartment in Downtown Peoria is at Civic Center Plaza Apartments listed at $803.
How much is rent for a Cheap One Bedroom Downtown Peoria Apartment?
The lowest price for a Cheap One Bedroom Downtown Peoria Apartment is $600 at Linn St Commons.
What is the lowest price for a Cheap Two Bedroom Downtown Peoria Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Peoria is starting from $750 at The Avenue Apartments.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.