Average Rent in Peoria IL
7 apartment buildings, 48 units. Real prices pulled from each property's leasing system this morning.
Avg Rent
$2,094/mo
Cheapest
$1,300/mo
Properties
7
Units
48
Analysis
Rent Price Breakdown
Compare pricing across all 7 properties in Peoria IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Peoria IL Rent Prices
All 7 properties ranked by lowest available rent.
The Lofts at Waterfront Place
311 Southwest Water Street, Peoria, IL 61602, USA
Grandview Apartment Homes
5250 Knoxville Ave, Peoria, IL 61614, USA
Apartments at Grand Prairie
5400 West Sienna Lane, Peoria, IL 61615, USA
Blutowne
501 West Washington Street, East Peoria, IL 61611, USA
Civic Center Plaza Apartments
331 Fulton St, Peoria, IL 61602, USA
SAM Properties Group
3100 Knoxville Ave, Peoria, IL 61603, USA
Timberbrook Apartments
112 E Hines Pl, Peoria, IL 61614, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Lofts at Waterfront Place 311 Southwest Water Street, Peoria, IL 61602, USA | $1,300 | $1,300 | $2.05 | 5 | 1 |
| 2 | Grandview Apartment Homes 5250 Knoxville Ave, Peoria, IL 61614, USA | $1,410 | $1,410 | $2.45 | 4.9 | 1 |
| 3 | Apartments at Grand Prairie 5400 West Sienna Lane, Peoria, IL 61615, USA | $1,575 | $1,824 | $1.81 | 4.7 | 6 |
| 4 | Blutowne 501 West Washington Street, East Peoria, IL 61611, USA | $1,810 | $2,172 | $2.06 | 4.8 | 40 |
| 5 | Civic Center Plaza Apartments 331 Fulton St, Peoria, IL 61602, USA | -- | -- | -- | 4.6 | 0 |
| 6 | SAM Properties Group 3100 Knoxville Ave, Peoria, IL 61603, USA | -- | -- | -- | 4.2 | 0 |
| 7 | Timberbrook Apartments 112 E Hines Pl, Peoria, IL 61614, USA | -- | -- | -- | 4.6 | 0 |
Explore Each Property
The Lofts at Waterfront Place
5311 Southwest Water Street, Peoria, IL 61602, USA
Grandview Apartment Homes
4.95250 Knoxville Ave, Peoria, IL 61614, USA
Apartments at Grand Prairie
4.75400 West Sienna Lane, Peoria, IL 61615, USA
Blutowne
4.8501 West Washington Street, East Peoria, IL 61611, USA
Civic Center Plaza Apartments
4.6331 Fulton St, Peoria, IL 61602, USA
SAM Properties Group
4.23100 Knoxville Ave, Peoria, IL 61603, USA
Peoria IL Average Rent Prices 2026
The average rent in Peoria IL is $2,094 per month, based on 48 units across 7 apartment communities. Prices range from $1,300 at The Lofts at Waterfront Place to $1,810 at Blutowne.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,695/mo | $1,300/mo | 9 |
| 2 Bed | $2,186/mo | $1,885/mo | 39 |
Every price comes directly from each property's leasing system, 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 $1,695/mo, with two-bedroom units averaging $2,186/mo. At the local median household income of $58,716, that works out to 43% of gross income, a severely rent-burdened market by HUD standards.
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 120% 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
$84,000/year
30 percent rule -- using our average rent of $2,094/mo.
Comfortable income
$101,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,300/mo), you need to earn at least $52,000/year.
Median household income in Peoria IL is $58,716 , about 42% 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) | $2,094 |
| Utilities | $251 |
| Groceries | $503 |
| Transportation | $598 |
| Healthcare | $292 |
| Other goods and services | $467 |
| Estimated total | $4,205/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.
Rent Trends in Peoria IL
Track how apartment prices are changing over time.
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