Average Rent in Peoria, IL
11 apartment buildings, 44 units. Daily asking prices with rent history for every building.
Cheapest
$820/mo
Civic Center Plaza Apartments
Properties
11
tracked daily
Units
44
available now
Peoria, IL Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 11 properties in Peoria, IL.
Average rent trend, last 2 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Peoria, IL Rent Prices
All 11 properties ranked by lowest available rent.
Civic Center Plaza Apartments
331 Fulton St, Peoria, IL 61602, USA
Timberlane Apartments
2900 W War Memorial Dr, Peoria, IL 61615, USA
Magnolia Lofts
1028 SW Adams St, Peoria, IL 61602, USA
EMR Apartments
1505 N Peoria Ave, Peoria, IL 61603, USA
Timberbrook Apartments
112 E Hines Pl, Peoria, IL 61614, USA
Flats at Dunlap
7150 N Terra Vista Dr, Peoria, IL 61614, USA
Grandview Apartment Homes
5250 Knoxville Ave, Peoria, IL 61614, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Civic Center Plaza Apartments 331 Fulton St, Peoria, IL 61602, USA | $820 | $1,017 | $1.39 | 4.6 (59) | 3 |
| 2 | Timberlane Apartments 2900 W War Memorial Dr, Peoria, IL 61615, USA | $835 | $1,249 | $1.72 | 4.5 (610) | 6 |
| 3 | Magnolia Lofts 1028 SW Adams St, Peoria, IL 61602, USA | $844 | $2,005 | -- | 4.1 (19) | 2 |
| 4 | EMR Apartments 1505 N Peoria Ave, Peoria, IL 61603, USA | $897 | $935 | $1.87 | 4.3 (59) | 8 |
| 5 | Timberbrook Apartments 112 E Hines Pl, Peoria, IL 61614, USA | $927 | $1,087 | $1.80 | 4.6 (186) | 3 |
| 6 | Flats at Dunlap 7150 N Terra Vista Dr, Peoria, IL 61614, USA | $1,090 | $1,298 | $1.30 | 4.1 (65) | 3 |
| 7 | Grandview Apartment Homes 5250 Knoxville Ave, Peoria, IL 61614, USA | $1,415 as of Jul 17 | $1,455 | $1.89 | 4.9 (71) | 3 |
Rent & Price History by Building
Civic Center Plaza Apartments
4.6 (59)331 Fulton St, Peoria, IL 61602, USA
Timberlane Apartments
4.5 (610)2900 W War Memorial Dr, Peoria, IL 61615, USA
Magnolia Lofts
4.1 (19)1028 SW Adams St, Peoria, IL 61602, USA
EMR Apartments
4.3 (59)1505 N Peoria Ave, Peoria, IL 61603, 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
By Area
Peoria, IL neighborhoods
Tracked buildings across 5 named neighborhoods. Pick one to see its apartments.
Peoria, IL Average Rent Prices 2026
The average rent in Peoria, IL is $1,399 per month, based on 44 units across 11 apartment communities. Prices range from $820 at Civic Center Plaza Apartments to $3,166 at Magnolia Lofts.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,318/mo | $820/mo | 5 |
| 1 Bed | $1,162/mo | $897/mo | 18 |
| 2 Bed | $1,599/mo | $1,185/mo | 19 |
| 3 Bed | $1,831/mo | $1,615/mo | 2 |
Every price is a real asking rent, 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 $1,162/mo, with two-bedroom units averaging $1,599/mo. At the local median household income of $58,716, that works out to 29% of gross income, near the 30 percent affordability ceiling.
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 47% 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
$56,000/year
Based on the 30 percent rule, using our tracked average rent of $1,399/mo.
Comfortable income
$67,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($820/mo), you need to earn at least $33,000/year.
Median household income in Peoria, IL is $58,716 , about 13% 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) | $1,399 |
| Utilities | $251 |
| Groceries | $503 |
| Transportation | $598 |
| Healthcare | $292 |
| Other goods and services | $467 |
| Estimated total | $3,510/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 | 30-Day Change | Properties |
|---|---|---|---|---|
| Chicago, IL | $2,942 | +110% | +1.3% | 39 |
| Aurora, IL | $2,171 | +55% | +2.5% | 14 |
| Schaumburg, IL | $1,998 | +43% | -3.1% | 13 |
| Evanston, IL | $2,709 | +94% | -2.6% | 11 |
| Rockford, IL | $1,306 | -7% | +3% | 11 |
| Springfield, IL | $1,257 | -10% | -2.4% | 11 |
Frequently asked questions
What is the average rent in Peoria, IL?
The average rent in Peoria, IL is $1,399 per month, based on 44 units across 11 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Peoria, IL?
The median asking rent in Peoria, IL is $1,500 per month, computed from 44 live listed units and refreshed daily. The average is $1,399/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Peoria, IL?
The lowest available rent in Peoria, IL starts at $820 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Peoria, IL?
1-bedroom apartments in Peoria, IL average $1,162/mo. The lowest listed 1-bedroom starts at $897/mo across 18 units tracked.
How much is a 2-bedroom apartment in Peoria, IL?
2-bedroom apartments in Peoria, IL average $1,599/mo. Units start from $1,185/mo across 19 units currently listed.
Rent Trends in Peoria, IL
Track how apartment prices are changing over time.
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