- Apartments with Move-In Specials in Peoria, IL
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Apartments under $600 for Rent in Peoria, IL
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1 BED, 1 BATH$600718 N Underhill St
718 N Underhill St, Peoria, IL 61606
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Peoria at a Glance
Peoria, IL Apartments for Rent
Peoria is the oldest permanent European settlement in Illinois, established in 1691 along the scenic Illinois River in Central Illinois. With a population of over 113,000, this historic city serves as a major regional hub for healthcare, manufacturing, and education, home to the global headquarters of Caterpillar Inc. and Bradley University. If you're searching for apartments for rent in Peoria, you'll discover budget-friendly options, with one-bedroom units averaging around $986 per month and two-bedroom apartments at approximately $1,194-perfect for renters looking to save.
Peoria features diverse apartment communities across several appealing neighborhoods, including the Moss-Bradley district near Bradley University, Northwest Peoria close to The Shoppes at Grand Prairie, and the historic West Bluff area. Renters can explore 9,000 acres of parks, including Forest Park Nature Center and Glen Oak Park, which houses the Peoria Zoo and Luthy Botanical Garden. Downtown brings entertainment at the Peoria Civic Center and Peoria Riverfront Museum, while Grandview Drive offers impressive views of the Illinois River valley. The city's spot along major highways, plus strong job opportunities in healthcare, manufacturing, and education, makes it a smart pick for anyone wanting affordable living with easy access to work and fun.
Why Peoria?
- The shops, restaurants, farmer’s market, and entertainment on the Peoria Riverfront.
- Over 20 parks, five public golf courses, and the beautiful Riverplex Recreation Center.
- The Heart of Illinois Fair, an annual event with rides, food, entertainment, and competitions.
- A vibrant performing arts community that includes the symphony, ballet, and theater groups.
- It’s the oldest community in Illinois with historic locations, such as beautiful Grandview Drive.
- The University of Illinois College of Medicine and many healthcare industry headquarters.
Renting in Peoria
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 541 Sq Ft $860 / mo
- 1 Bedroom 693 Sq Ft $996 / mo
- 2 Bedrooms 958 Sq Ft $1,205 / mo
- 3 Bedrooms 1,148 Sq Ft $1,252 / mo
- 4 Bedrooms 1,200 Sq Ft $798 / mo
Top Budget-Friendly Neighborhoods in Peoria
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- West Peoria 617 Sq Ft $910/mo
- North Peoria 699 Sq Ft $1,034/mo
- Williamsburg Estates 625 Sq Ft $1,060/mo
- Downtown Peoria 730 Sq Ft $1,431/mo
- Mount Hawley Manor 926 Sq Ft $1,476/mo
- Warehouse Historic District 835 Sq Ft $1,783/mo
Getting Around Peoria
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Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Peoria Apartments for Rent in Your Budget
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Note: Based on community-supplied data and independent market research. Subject to change without notice.