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Studio Apartments for Rent in East Peoria, IL

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  • 501 W Washington St, East Peoria, IL 61611
    501 W Washington St, East Peoria, IL 61611
    501 W Washington St, East Peoria, IL 61611
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    Starting at $1,995 Per Month

    • Studio - 2 Beds

    501 W Washington St, East Peoria, IL 61611

    Looking for a fresh start in a brand-new community? Blutowne is bringing modern, pet-friendly luxury living to East Peoria, IL. Choose from studios, one-bedroom, and two-bedroom apartments designed for comfort and style, with features like stainless-steel appliances, quartz countertops, full-size washer/dryers, ceiling fans, and private balconies or patios. At Blutowne, home extends beyond your

    Blutowne

    501 W Washington St, East Peoria, IL 61611
  • 500 Centennial Dr, East Peoria, IL 61611
    500 Centennial Dr, East Peoria, IL 61611
    500 Centennial Dr, East Peoria, IL 61611
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    Starting at $1,025 Per Month

    • Studio - 1 Bed

    500 Centennial Dr, East Peoria, IL 61611

    The Current Apartments

    500 Centennial Dr, East Peoria, IL 61611
  • 130 N Main St, East Peoria, IL 61611
    130 N Main St, East Peoria, IL 61611
    130 N Main St, East Peoria, IL 61611
    /20

    Starting at $1,042 Per Month

    • Studio - 1 Bed

    130 N Main St, East Peoria, IL 61611

    We are an Independant Living Retirement Community. You must be 62 years of age. We do have income limits: $32,250 for one, or $36,850 for two. Non-smoking, located in the middle of the Levee District in Downtown East Peoria! Close to shopping, restaurants, and right on the bus route. Rent is based on 30% of your gross income - HUD Subsidized. Note: We are NOT an assisted living facility,

    Mel Hasty Retirement Center

    130 N Main St, East Peoria, IL 61611
Illinois Tazewell County

Studio Homes for Rent in East Peoria, IL

Why Live in East Peoria

East Peoria, Illinois, is a small suburb along the Illinois River, just across from Peoria, with a population of about 23,000 residents. Many locals work for healthcare providers, Caterpillar, or the Par-A-Dice Hotel and Casino. The city features the Levee District, a mixed-use commercial area developed on a former Caterpillar site, offering chain restaurants and big-box retailers. Housing primarily consists of single-family homes, including bungalows and ranch-style houses, with recent developments in multi-family housing, such as a new apartment complex with an integrated parking deck. East Peoria boasts over 1,600 acres of parklands, including the Carl Spindler Campground and Marina, and the EastSide Centre sports complex. Popular outdoor activities include hiking, hunting, fishing, and boating along the Illinois River. The area is served by several school districts, with highly rated schools such as Washington Community High School District 308, Central School District 51, and Morton Community Unit School District 709. The Levee District is a hub for shopping and dining, featuring retailers like Target and Costco, and restaurants like Red Robin and Chipotle. East Peoria is safer than the national average for property crimes. Transportation options include Interstate 74, CityLink buses, and the General Wayne Downing Peoria International Airport, located 8 miles west. The city hosts the annual Festival of Lights and a weekly farmer’s market, adding to its local attractions.

Learn more about living in East Peoria

Frequently Asked Questions

How much does it cost to rent a home in East Peoria, IL?
The median rent for a home in East Peoria, IL is $847 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in East Peoria, IL?
To comfortably afford the median rent in East Peoria, IL, a household needs to earn roughly $33,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $847 per month in East Peoria, IL, renters typically need to show $2,541 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in East Peoria, IL?
In East Peoria, IL, the price-to-rent ratio is 17.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in East Peoria, IL are best for renting a home?
The best neighborhood for renting in East Peoria, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Peoria and North Peoria, each with its own character and price range.

Rental Trends in East Peoria, IL

There are currently 3 homes available for rent in East Peoria, IL. The median rent is $847 per month, with single-family homes renting at $873 and condos at $725.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$847
Median Single Family Home Rent
$873
Median Condo Rent
$725
How to Rent a Home

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