Cheap Homes for Rent in Fairfax Addition Neighborhood of Peoria, IL from $500 (28 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 the Fairfax Addition area of Peoria.

Showing Results 1-28, Page 1 of 1

Fairfax Addition, Peoria, IL Local Guide

Cheapest Available Fairfax Addition Apartments for Rent

 

The cheapest available apartment rental in the Fairfax Addition area of Peoria, IL is a 1 Bed unit found at Linn St Commons priced from $600. Willow Knolls Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $610. Here are the most affordable Fairfax Addition apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
Willow Knolls ApartmentsStudioStudio,1BA$610
The Avenue Apartments1B/ 1BA1BR,1BA$650
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725
Glen Oak Manor2BR/1.0BA2BR,1BA$800
The Grove Apartments1 Bed 1 Bath Classic1BR,1BA$800
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Nordic Villa ApartmentsLoft2BR,1BA$825
The Village on UniversityTucker at Village North1BR,1BA$845

Best Value Apartments for Rent in Fairfax Addition, IL

As of March 28, 2025 the best value apartment in the Fairfax Addition area is the $1.14 price per square foot 2 Bedroom, 2 Bath Model at Camden Hills Apartments in the in the Northmoor Knolls neighborhood starting from $1,200. The second greatest value Fairfax Addition apartment is the 2 BR/1.5BA - 2nd/3rd floor Model at Covington Place starting at $925 with a $0.97 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Fairfax Addition apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.14
Covington Place2 BR/1.5BA - 2nd/3rd floor2BR,1.5BA$0.97
Glen Willows2 Bedroom 1.5 Bathroom2BR,1.5BA$1.06
819 W Shermoor St, Unit 5819 W Shermoor St2BR,1BA$1.13
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Linn St Commons1BR/1BA1BR,1BA$0.87
Glen Oak Manor2BR/1.0BA2BR,1BA$1.15
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.12
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

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 Fairfax Addition

What type of rentals are currently available in Fairfax Addition?

There are currently 129 Apartments for Rent in Fairfax Addition, IL with pricing that ranges from $575 to $3,501. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairfax Addition ranging from $501 to $3,563.

What is the current price range for Rental Homes in Fairfax Addition?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairfax Addition ranges from $501 to $3,563 with an average monthly rent of $1,556.

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.