Peoria, IL Rent Report
Apartments & Houses by Size
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Peoria’s metro rental market offers a balanced mix of apartments and single‑family homes, catering to professionals, students, and families alike. Apartment options range from convenient studios near the Riverfront to spacious three‑ and four‑plus bedroom units in vibrant neighborhoods such as Downtown, the historic West Bluff, and the growing College Avenue corridor. Rent for studio apartments typically falls in the $900‑$1,000 range, while one‑ and two‑bedroom apartments commonly sit in the low‑to‑mid $1,000s, providing affordable entry points for a diverse tenant base.
For those seeking the privacy of a house, Peoria delivers choices across its suburban pockets, including the family‑friendly areas of East Bluff, the scenic River Oaks district, and the community‑oriented neighborhoods surrounding the State Street corridor. Rental rates for houses generally exceed apartment pricing, with two‑ and three‑bedroom homes often positioned in the $1,000‑$1,300 range, reflecting the added space and amenities that many renters prioritize. The city’s strong employment sectors, robust educational institutions, and cultural attractions like the Peoria Riverfront Museum and Clemens Center further enhance the appeal of its rental inventory.
Overall, Peoria’s rental landscape is characterized by a healthy supply of both modern apartments and well‑maintained homes, supported by convenient access to major highways, public transit, and a variety of leisure options. Whether you’re drawn to the energetic urban core or the quieter residential suburbs, the metro area provides flexible housing solutions that align with a range of budgets and lifestyle preferences.
Peoria, IL Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $943 | $900 | $750 – $1,150 | $855 – $1,050 |
| Apartment | 1 Bedroom | $3,112 | $938 | $690 – $90,000 | $850 – $1,400 |
| Apartment | 2 Bedroom | $1,188 | $1,114 | $547 – $2,195 | $969 – $1,345 |
| Apartment | 3 Bedroom | $1,375 | $1,475 | $620 – $2,087 | $1,150 – $1,598 |
| Apartment | 4+ Bedroom | $1,116 | $1,000 | $630 – $1,720 | $630 – $1,720 |
| House | 1 Bedroom | $778 | $795 | $450 – $1,050 | $700 – $900 |
| House | 2 Bedroom | $981 | $950 | $449 – $2,295 | $770 – $1,150 |
| House | 3 Bedroom | $1,241 | $1,200 | $662 – $2,750 | $966 – $1,400 |
| House | 4+ Bedroom | $1,814 | $1,600 | $349 – $4,500 | $1,340 – $2,199 |
Current rent in Peoria, IL (all property types): Studio $889, 1 Bedroom $2,519, 2 Bedroom $1,061, 3 Bedroom $1,253, 4+ Bedroom $1,785.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
If you cite, share, or republish data from this report, please credit Rentometer.