
Cheap Homes for Rent in Peotone, IL from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Peotone.


3353 Commercial Ave

3343 Commercial Ave

352 N Birch St

3351 Commercial Ave

3228 Commercial Ave

29837 IL-50

205 Woodrow Ave

2506 Ash St
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.
Peotone, IL Local Guide

How much does it cost to rent a home in Peotone?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peotone 2 Bedroom Homes for Rent | $1,593 | $1,425 | $1,790 |
Peotone 3 Bedroom Homes for Rent | $2,155 | $1,750 | $2,930 |
Peotone 4 Bedroom Homes for Rent | $2,338 | $1,650 | $2,720 |
Peotone 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Peotone
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Peotone, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Crest Apartments | Studio | Studio,1BA | $750 |
Chelsea Garden | Studio, 1 bath | Studio,1BA | $900 |
St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $974 |
Best Value Apartments for Rent in Peotone, IL and Nearby
As of April 17, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Arbors at Hickory Creek | Magnolia | 2BR,1BA | $1.48 |
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.80 |
Maple Leaf Apartments | Garden Upgraded | 1BR,1BA | $1.70 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.62 |
St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $1.27 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.74 |
Central Park Apartments & Townhomes | 1 Bed 1 Bath A W/D | 1BR,1BA | $1.74 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1.74 |
Crest Apartments | Studio | Studio ,1BA | $1.67 |
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Frequently Asked Questions about Peotone
What type of rentals are currently available in Peotone?
There are currently 48 Apartments for Rent in Peotone, IL with pricing that ranges from $750 to $6,322. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peotone ranging from $900 to $2,930.
What is the current price range for Rental Homes in Peotone?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peotone ranges from $900 to $2,930 with an average monthly rent of $1,833.
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.

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.

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.