Last updated
Average Rent in Peoria IL & Rent Trends
Rent prices and market trends across 4 apartment communities in Peoria IL. Updated daily.
Market Average
$1,695/mo
Lowest Available
$1,300/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
9
available now
Rent by Neighborhood in Peoria IL
Compare average rent across Peoria IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Peoria 61611 | $2,172 | $1,810 | 1 | 40 |
| Peoria 61615 | $1,824 | $1,575 | 1 | 6 |
| Peoria 61614 | $1,410 | $1,410 | 1 | 1 |
| Peoria 61602 | $1,300 | $1,300 | 1 | 1 |
Is Rent Going Up or Down in Peoria IL?
As of May 2026, the average rent in Peoria IL is $1,695 per month across 4 apartment communities and 9 available units.
The most affordable option is The Lofts at Waterfront Place starting at $1,300/mo. By unit type, a 1-bedroom averages $1,695/mo.
Prices range from $1,300 to $1,990 per month. The most common price point is the $1,800 range, where 5 units are currently listed.
Peoria IL Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent Price Distribution
Rent by Bedroom Type in Peoria IL
Rent Prices by Apartment in Peoria IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Lofts at Waterfront Place | $1,300/mo | $1,300/mo | 1 | 5 |
| Grandview Apartment Homes | $1,410/mo | $1,410/mo | 1 | 4.9 |
| Apartments at Grand Prairie | $1,575/mo | $1,638/mo | 2 | 4.7 |
| Blutowne | $1,810/mo | $1,854/mo | 5 | 4.8 |
Google Search Trends for Peoria IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Peoria IL
What is the average rent in Peoria IL?
Is rent going up or down in Peoria IL?
What is the cheapest apartment in Peoria IL?
How much is a 1-bedroom apartment in Peoria IL?
How many apartments are available in Peoria IL?
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
$68,000/year
30 percent rule -- using our average rent of $1,695/mo.
Comfortable income
$81,000/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 28% 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) | $1,695 |
| Utilities | $251 |
| Groceries | $503 |
| Transportation | $598 |
| Healthcare | $292 |
| Other goods and services | $467 |
| Estimated total | $3,806/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.
Explore Peoria IL Apartments
Browse all 4 communities with daily-updated pricing and availability.