Cheap Apartments for Rent in Peotone, IL from $700 (27 Rentals)

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

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517 Hauert Street
2 Bedroom Apartments

517 Hauert Street

517 Hauert StPeotone, IL 60468
  • Utilities Included
property at 29837 IL-50

29837 IL-50

PeotoneIL60468
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
Showing Results 1-27, Page 1 of 1

Peotone, IL Local Guide

Cheapest Available Peotone Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peotone, IL is a Studio unit found at Crest Apartments in the Downtown Park Forest neighborhood priced from $750. Chelsea Garden in the Fairmeadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Peotone apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$750
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$974
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Central Park Apartments & Townhomes1 Bed 1 Bath B1BR,1BA$1,189
Olympic Village ApartmentsThe Spruce1BR,1BA$1,201
Oakwood Townhomes1 Bedroom1BR,1BA$1,255
Maple Leaf ApartmentsMid-rise1BR,1BA$1,270
Richton Trail2 Beds, 1 bath2BR,1BA$1,300
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1,325

Best Value Apartments for Rent in Peotone, IL and Nearby

As of April 16, 2025 the best value apartment in the Peotone area is the $1.48 price per square foot Magnolia Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $1,467. The second greatest value Peotone apartment is the 1 bedroom Model at Carriage Creek Apartments starting at $1,250 with a $1.26 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Peotone apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Hickory CreekMagnolia2BR,1BA$1.48
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1.51
Maple Leaf ApartmentsGarden Upgraded1BR,1BA$1.70
Richton Trail2 Beds, 1 bath2BR,1BA$1.62
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Oakwood Townhomes1 Bedroom1BR,1BA$1.74
Central Park Apartments & Townhomes1 Bed 1 Bath A W/D1BR,1BA$1.74
Olympic Village ApartmentsThe Pine1BR,1BA$1.74
Crest ApartmentsStudioStudio ,1BA$1.67

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Getting Around Peotone, IL

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Peotone Apartments

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

The lowest price for a Cheap One Bedroom Peotone Apartment is $825 at Crest Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Peotone is starting from $1,025 at Carriage Creek Apartments.

What is the most affordable Peotone Three Bedroom Apartment?

The best deal on a cheap Peotone Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,545.

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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

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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.

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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.