Average Rent in Peoria, IL
12 apartment buildings, 64 units. Real asking prices, refreshed daily.
Avg Rent
$1,897/mo
Cheapest
$809/mo
Properties
12
Units
64
Analysis
Rent Price Breakdown
Compare pricing across all 12 properties in Peoria, IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Peoria, IL Rent Prices
All 12 properties ranked by lowest available rent.
Timberlane Apartments
2900 W War Memorial Dr, Peoria, IL 61615, USA
Timberbrook Apartments
112 E Hines Pl, Peoria, IL 61614, USA
Flats at Dunlap
7150 N Terra Vista Dr, Peoria, IL 61614, USA
Prairie Lakes Apartments
1700 W Coneflower Dr, Peoria, IL 61615, USA
The Lofts at Waterfront Place
311 Southwest Water Street, Peoria, IL 61602, USA
Apartments at Grand Prairie
5400 West Sienna Lane, Peoria, IL 61615, USA
Grandview Apartment Homes
5250 Knoxville Ave, Peoria, IL 61614, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Timberlane Apartments 2900 W War Memorial Dr, Peoria, IL 61615, USA | $809 | $1,200 | $1.65 | 4.5 (610) | 6 |
| 2 | Timberbrook Apartments 112 E Hines Pl, Peoria, IL 61614, USA | $927 | $1,050 | $1.74 | 4.6 (186) | 3 |
| 3 | Flats at Dunlap 7150 N Terra Vista Dr, Peoria, IL 61614, USA | $1,100 | $1,275 | $1.27 | 4.1 (65) | 3 |
| 4 | Prairie Lakes Apartments 1700 W Coneflower Dr, Peoria, IL 61615, USA | $1,378 | $1,620 | $1.50 | 4.4 (757) | 5 |
| 5 | The Lofts at Waterfront Place 311 Southwest Water Street, Peoria, IL 61602, USA | $1,390 | $1,470 | $1.49 | 5 (3) | 2 |
| 6 | Apartments at Grand Prairie 5400 West Sienna Lane, Peoria, IL 61615, USA | $1,595 | $1,902 | $1.84 | 4.7 (132) | 6 |
| 7 | Grandview Apartment Homes 5250 Knoxville Ave, Peoria, IL 61614, USA | $1,675 | $1,675 | $1.77 | 4.9 (71) | 1 |
Explore Each Property
Timberlane Apartments
4.5 (610)2900 W War Memorial Dr, Peoria, IL 61615, USA
Timberbrook Apartments
4.6 (186)112 E Hines Pl, Peoria, IL 61614, USA
Flats at Dunlap
4.1 (65)7150 N Terra Vista Dr, Peoria, IL 61614, USA
Prairie Lakes Apartments
4.4 (757)1700 W Coneflower Dr, Peoria, IL 61615, USA
The Lofts at Waterfront Place
5 (3)311 Southwest Water Street, Peoria, IL 61602, USA
Apartments at Grand Prairie
4.7 (132)5400 West Sienna Lane, Peoria, IL 61615, USA
Peoria, IL Average Rent Prices 2026
The average rent in Peoria, IL is $1,897 per month, based on 64 units across 12 apartment communities. Prices range from $809 at Timberlane Apartments to $1,845 at Blutowne.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $868/mo | $809/mo | 2 |
| 1 Bed | $1,505/mo | $937/mo | 12 |
| 2 Bed | $2,042/mo | $1,110/mo | 49 |
| 3 Bed | $1,575/mo | $1,575/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Peoria, IL, and what they pay
Tracked one-bedroom rent in Peoria, IL averages $1,505/mo, with two-bedroom units averaging $2,042/mo. At the local median household income of $58,716, that works out to 39% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Peoria, IL at $951/mo. The current tracked market average runs 99% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Peoria, IL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Peoria, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$76,000/year
30 percent rule -- using our average rent of $1,897/mo.
Comfortable income
$91,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($809/mo), you need to earn at least $32,000/year.
Median household income in Peoria, IL is $58,716 , about 36% below the comfortable-living threshold.
Cost of living in Peoria, IL
Overall prices in Peoria, IL runs below the national average by about 11% (BEA Regional Price Parity index 88.8, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Peoria, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,897 |
| Utilities | $251 |
| Groceries | $503 |
| Transportation | $598 |
| Healthcare | $292 |
| Other goods and services | $467 |
| Estimated total | $4,008/mo |
Population
112,126
Median household income
$58,716
Census median rent
$951/mo
Rent as % of income
30.6%
Median age
35.8
Mean commute
18 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Illinois
How Peoria, IL rent compares to other markets in the state.
| City | Avg Rent | vs Peoria, IL | Properties |
|---|---|---|---|
| Chicago, IL | $2,996 | +58% | 26 |
| Naperville, IL | $2,304 | +21% | 12 |
| Aurora, IL | $2,144 | +13% | 12 |
| Schaumburg, IL | $1,916 | +1% | 11 |
| Rockford, IL | $1,215 | -36% | 11 |
| Bloomington, IL | $1,130 | -40% | 11 |
Frequently asked questions
What is the average rent in Peoria, IL?
The average rent in Peoria, IL is $1,897 per month, based on 64 units across 12 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Peoria, IL?
The lowest available rent in Peoria, IL starts at $809 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Peoria, IL?
1-bedroom apartments in Peoria, IL average $1,505/mo. The lowest listed 1-bedroom starts at $937/mo across 12 units tracked.
How much is a 2-bedroom apartment in Peoria, IL?
2-bedroom apartments in Peoria, IL average $2,042/mo. Units start from $1,110/mo across 49 units currently listed.
Rent Trends in Peoria, IL
Track how apartment prices are changing over time.
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