Rental Market Trends in Peoria, IL

The average rent in Peoria, IL is around $639 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Peoria, IL.

Currently, there are 1 rental properties available in Peoria, IL. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Peoria, IL, you have plenty of choices to explore!

If you're looking for budget-friendly neighborhoods in Peoria, IL, consider these options:

• West Garfield Park: Average rent is $1035 per month.
• North Lawndale: Average rent is $1014 per month.
• Avalon Park: Average rent is $1000 per month.
• Lower West Side: Average rent is $1000 per month.
• Mount Greenwood: Average rent is $1000 per month.
• West Englewood: Average rent is $1000 per month.

The most expensive neighborhoods in Peoria, IL are:

• Washington Park: Average rent is $977 per month.
• Archer Heights: Average rent is $891 per month.
• Lower West Side: Average rent is $1000 per month.
• Gage Park: Average rent is $971 per month.
• Mount Greenwood: Average rent is $1000 per month.
• Middlebury: Average rent is $650 per month.

Over the past year, the average rent in Peoria, IL have increased by approximately 0%, which translates to $53 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.

The Average rent price in Peoria, IL for June 2025 is $639, which is $41 less than in May.