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Cheap Apartments for Rent in Peoria, IL

29 Rentals Available
Apartments Under $800 Apartments Under $900 Apartments Under $1,000

Apartments Under $800

  • A living room with a black couch and a red and white rug.
    5
    Today

    601 W 5Th Street, Peoria, IL 61605
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing

Apartments Under $900

  • a living room with a couch and a chair and a bed
    15
    Today

    331 Fulton Street, Peoria, IL 61602
    STUDIO $820+
    1 BED $975+
    2 BEDS $1,500
  • A living room with a white ceiling fan and a large window.
    Today

    1811 Kingsway Drive, Peoria, IL 61614
    1 BED $849
    2 BEDS $949

Apartments Under $1,000

  • A living room with a white couch, a glass coffee table, and a flat-screen TV mounted on the wall.
    Today

    3525 Kingston Dr, Peoria, IL 61604
    1 BED Ask for Pricing
    2 BEDS $949
  • a living room with chairs and tables and a window
    6
    Today

    707 N.E. Madison,, Peoria, IL 61603
    1 BED Ask for Pricing
5-0-city
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Getting around in Peoria, IL

45 /100
Car-Dependent
30 /100
Some Transit
35 /100
Somewhat Bikeable
Walk Score®: 45, Transit Score®: 30, Bike Score®: 35

Frequently asked questions

What is the price of a cheap apartment in Peoria, IL?

The price range of a cheap apartment is between $820 and $1,500.

How many cheap rentals are available in Peoria, IL on RentCafe?

There are 21 cheap rentals available on RentCafe. Prices and availability in Peoria, IL were last updated on 21 Nov 2025.

What is the average size of a cheap apartment in Peoria, IL?

The average Peoria, IL cheap apartment size is 794 sq. ft.

What are the advantages of renting a cheap apartment in Peoria, IL?

Cheap apartments in Peoria, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Peoria, IL?

A cheap apartment in Peoria, IL offers little storage space and fewer amenities compared to other apartments.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in Peoria, IL? With RentCafe, finding an affordable apartment in Peoria, IL has never been easier. We feature 29 low-priced rentals directly from property managers, with rents lower than the Peoria, IL average. What is a cheap rent in Peoria, IL? The average apartment rent in Peoria is $1,218 per month so any rental south of $974 would be considered cheap here. On RentCafe, Peoria, IL rents go as low as $820/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!