
Cheap Homes for Rent in Peoria, IL from $500 (47 Rentals)
Search the lowest-cost Homes available for rent right now in Peoria.


1828 W Latrobe St

2124 W Wiswall St

2203 W Howett St

619 NE Rock Island Ave

2807 W Nevada St

1515 S Lydia Ave

1908 N Dechman Ave

506 Morgan St

2134 N Delaware St

908 W Mac Queen Ave

804 E McClure Ave

718 E Illinois Ave

2508 W Fremont St

2051 N Gale Ave

2216 NE Monroe St

1828 W Butler St

2121 N Prospect Rd

3200 W Ann St

309 Treasure St

824 W Mac Queen Ave

1825 N Peoria Ave

1220 W John H Gwynn Jr Ave

2728 W Wyoming St

705 Mary St

1507 S Livingston St

1832 W Butler St

412 E Arcadia Ave

1615 E Wilson Ave

1313 W John H Gwynn Jr Ave

103 N Waverly Ave

612 E Gift Ave

417 W Nebraska Ave

929 W Brons Ave

3623 N Sterling Ave

3119 W Willow Knolls Dr

904 N Orange St

716 W Nebraska Ave

907 W Mac Queen Ave

716 W Mac Queen Ave

1311 W Maywood Ave

714 E Hines Ave

3118 N Finnell Ave

506 N Institute Pl

1001 W Brons Ave

3201 W Ann St

4812 North Ellen Court
Peoria, IL Local Guide

How much does it cost to rent a home in Peoria?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peoria 2 Bedroom Homes for Rent | $1,342 | $616 | $3,563 |
Peoria 3 Bedroom Homes for Rent | $1,469 | $501 | $3,200 |
Peoria 4 Bedroom Homes for Rent | $1,733 | $744 | $3,300 |
Peoria 5 Bedroom Homes for Rent | $1,106 | $662 | $1,550 |
Peoria 6 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Peoria
Explore Peoria
Peoria, IL Local Guide
- Peoria Neighborhoods
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Cheapest Neighborhoods for Apartments in Peoria, IL
Pricing Updated: 03/22/2025Current apartment rentals in the Peoria, IL area range in price from $501 to $3,563 with an overall median price of $1,874. The three Peoria neighborhoods with the lowest median rent pricing are Logan Park West at $551, Goose Lake at $616, and Moss Bradley at $616. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Peoria Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Logan Park West | $1,350 | $551 | 1022 |
Goose Lake | $1,468 | $616 | 454 |
Moss Bradley | $1,468 | $616 | 378 |
Willow Knolls | $1,575 | $1,150 | 163 |
Armstrong Ellis | $1,600 | $501 | 707 |
Central South | $1,600 | $501 | 2139 |
Detweiller Marina | $1,600 | $501 | 960 |
Downtown Peoria | $1,600 | $501 | 2056 |
East Bluff NHS | $1,600 | $639 | 499 |
East Bluff United | $1,600 | $501 | 698 |
Cheapest Available Peoria Apartments for Rent
 The cheapest available apartment rental in Peoria, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. Willow Knolls Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $610. Here is today’s list of the most affordable Peoria apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Linn St Commons | 1BR/1BA | 1BR,1BA | $600 |
Willow Knolls Apartments | Studio | Studio,1BA | $610 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
1107 Pekin Ave | Multi-Family | 1BR,1BA | $650 |
Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
Hollow Hills | 1 bedroom | 1BR,1BA | $725 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
Old Orchard Trace Apartments | OO1G | 1BR,1BA | $750 |
Crescent Creek Apartments | 1x1 | 1BR,1BA | $750 |
Haymeadow Apartments | Springhouse | 1BR,1BA | $799 |
Best Value Apartments for Rent in Peoria, IL
As of March 22, 2025 the best value apartment in the 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 Peoria apartment is the 2 Bedroom 1.5 Bathroom Model at Glen Willows starting at $950 with a $1.06 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for 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 |
Glen Willows | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.06 |
1702 W Tiffany Ct, Unit #3 | 1702 W Tiffany Ct | 2BR,1BA | $0.94 |
Hollow Hills | 1 bedroom | 1BR,1BA | $0.84 |
Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.09 |
Crescent Creek Apartments | 1x1 | 1BR,1BA | $0.88 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
1107 Pekin Ave | Multi-Family | 1BR,1BA | $1.08 |
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Frequently Asked Questions about Peoria
What type of rentals are currently available in Peoria?
There are currently 244 Apartments for Rent in Peoria, IL with pricing that ranges from $575 to $3,500. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peoria ranging from $501 to $3,563.
What is the current price range for Rental Homes in Peoria?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peoria ranges from $501 to $3,563 with an average monthly rent of $1,382.
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.

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.

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.

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.