Last updated
Average Rent in Peoria, IL & Rent Trends
Rent prices and market trends across 2 apartment communities in Peoria, IL. Updated daily.
Market Average
$868/mo
▼ 0.4% from last month
Lowest Available
$809/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
2
available now
Rent by Neighborhood in Peoria, IL
Compare average rent across Peoria, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Peoria 61611 | $2,187 | $1,845 | 1 | 38 |
| Peoria 61615 | $1,571 | $809 | 3 | 17 |
| Peoria 61602 | $1,470 | $1,390 | 1 | 2 |
| Peoria 61614 | $1,236 | $927 | 3 | 7 |
Is Rent Going Up or Down in Peoria, IL?
As of May 2026, the average rent in Peoria, IL is $868 per month across 2 apartment communities and 2 available units. Rents have decreased $5 (0.4%) over the past month.
The most affordable option is Timberlane Apartments starting at $809/mo. By unit type, a studio averages $868/mo.
Prices range from $809 to $927 per month. The most common price point is the $800 range, where 2 units are currently listed.
Peoria, IL Rent Price History
Rent by Bedroom Type in Peoria, IL
Rent Prices by Apartment in Peoria, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Timberlane Apartments | $809/mo | $809/mo | 1 | 4.5 |
| Timberbrook Apartments | $927/mo | $927/mo | 1 | 4.6 |
Google Search Trends for Peoria, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Peoria, IL
What is the average rent in Peoria, IL?
Is rent going up or down in Peoria, IL?
What is the cheapest apartment in Peoria, IL?
How many apartments are available in Peoria, IL?
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
$35,000/year
30 percent rule -- using our average rent of $868/mo.
Comfortable income
$42,000/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 41% above 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) | $868 |
| Utilities | $251 |
| Groceries | $503 |
| Transportation | $598 |
| Healthcare | $292 |
| Other goods and services | $467 |
| Estimated total | $2,979/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.
Explore Peoria, IL Apartments
Browse all 2 communities with daily-updated pricing and availability.