Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Downtown Peoria

198 Rentals
.
  5. Building Photo - Cityscape
    Rent Special
    Rent Special
    2 BEDS
    $711+
    3 BEDS
    $818+

    Cityscape

    601 W Romeo B Garrett Ave, Peoria, IL 61605
  6. Building Photo - 1515 W Callender Ave
    1 BED, 2.5 BATHS
    $750
    Total Monthly Price Total Monthly Price New
    Base Rent$750
    Required Monthly FeesNone
    Total Monthly Price$750

    1515 W Callender Ave

    1515 W Callender Ave, Peoria, IL 61606
    Apply
  20. Building Photo - 1411 W Barker Ave
    2 BEDS, 1 BATH
    $950+
    3 BEDS, 1 BATH
    $1,200+
    Total Monthly Price Total Monthly Price New
    Base Rent$950 - $1,200
    Required Monthly FeesNone
    Total Monthly Price$950 - $1,200

    1411 W Barker Ave

    1411 W Barker Ave, Peoria, IL 61606
  23. Building Photo - 627 Fairholm Ave
    2 BEDS, 1 BATH
    $975
    Total Monthly Price Total Monthly Price New
    Base Rent$975
    Required Monthly FeesNone
    Total Monthly Price$975

    627 Fairholm Ave

    627 Fairholm Ave, Peoria, IL 61603
  24. Living Area 2 bed/ 1 bath - 812 Lofts
    Exceptional Value
    STUDIO
    $1,050+
    1 BED
    $1,100+
    2 BEDS
    $1,100+
    3 BEDS
    $1,700+

    812 Lofts

    812-816 SW Washington St, Peoria, IL 61602
    (309) 857-7295
  30. Building Photo - 506 N Institute Pl
    4 BEDS, 1 BATH
    $1,200
    Total Monthly Price Total Monthly Price New
    Base Rent$1,200
    Required Monthly FeesNone
    Total Monthly Price$1,200

    506 N Institute Pl

    506 N Institute Pl, Peoria, IL 61606
  33. Building Photo - 2419 NE Madison Ave
    3 BEDS, 1 BATH
    $1,350
    Total Monthly Price Total Monthly Price New
    Base Rent$1,350
    Required Monthly FeesNone
    Total Monthly Price$1,350

    2419 NE Madison Ave

    2419 NE Madison Ave, Peoria, IL 61603
  40. Building Photo - 1616 W Barker Ave
    4 BEDS, 2.5 BATHS
    $1,800
    Total Monthly Price Total Monthly Price New
    Base Rent$1,800
    Required Monthly FeesNone
    Total Monthly Price$1,800

    1616 W Barker Ave

    1616 W Barker Ave, Peoria, IL 61606
    Apply

Can't find what you are looking for?

Clear All Filters

Peoria at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Peoria

Cheap Apartments in Downtown Peoria Neighborhood in Peoria, IL

When looking for cheap apartments in Downtown Peoria, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Peoria.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 42 cheap apartments available in Downtown Peoria, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Peoria

(For 1 bedroom apartments)

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips


I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.