Budget Leases

Apartments for Rent in Peoria, IL

Rents in Peoria, IL start at $809/mo on Budget Leases, and the average across the 18 listings we track runs $1,079/mo. That puts Peoria roughly 45% below the IL state average of $1,978/mo, so it's one of the more affordable markets in the state. By size, expect one-bedrooms around $1,109/mo and two-bedrooms around $937/mo. Listings are ranked cheapest-first and updated regularly.

Updated Jun 9, 2026

Cheapest
$809
lowest listed rent
Average rent
$1,07945% below IL
across all sizes
Average by sizevs IL typical
Studio$86852% below IL
1 bed$1,10938% below IL
2 bed$93759% below IL
3 bed$1,40051% below IL

18 rentals in Peoria, IL

Every size & style, ranked by price

1-bedroom apartment at EMR Apartments in Peoria, IL
Great deal
Apartment · Peoria
$963/mo
Rating coming soon
1 bd|1 ba|500 ft²

EMR Apartments

EMR Apartments, Peoria

Verified active·Recently listedView details

Renting in Peoria, IL: common questions

How much is rent in Peoria, IL?
The average asking rent across the 18 listings we track in Peoria, IL is $1,079/mo, with the cheapest starting at $809/mo. Prices change often, so confirm current rates on each listing.
What is the cheapest apartment for rent in Peoria?
Timberlane Apartments is the lowest-priced rental we're tracking in Peoria, IL at $809/mo. We rank every listing cheapest-first so the best-value options are always at the top.
What is the average rent by bedroom in Peoria?
Based on the listings we track in Peoria, IL: studios around $868/mo, one-bedrooms around $1,109/mo, two-bedrooms around $937/mo, three-bedrooms around $1,400/mo. These are averages and shift with availability.
Is Peoria expensive to rent in?
Relatively no. Peoria's average rent of $1,079/mo is about 45% below the IL state average of $1,978/mo, making it one of the more affordable markets in the state.

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