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Pekin, IL House for Rent

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    $1,211 Per Month

    • 3 Beds
    • 1 Bath
    • 1,305 Sq Ft
    • House for Rent

    712 Summer St, Pekin, IL 61554

    Welcome to your recently-updated 3-bedroom, 1-bath home on Summer St in the John Kraeger Subd subdivision of Pekin. We are pet-friendly! Your dogs and cats are welcome at 712 Summer Street.Enjoy the contemporary atmosphere of this newly refreshed home. Modern conveniences abound, including whole-home Air Conditioning, an electric Stove and Oven, and a refrigerator. The updated

    (309) 650-9202

    712 Summer St, Pekin, IL 61554

Frequently Asked Questions

How much does it cost to rent a single-family home in Pekin, IL?
The median rent for a single-family home in Pekin, IL is $1,349 per month, though prices vary by neighborhood, size, and property type. As of June 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 Pekin, IL?
To comfortably afford the median rent in Pekin, IL, a household needs to earn roughly $38,000 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 $950 per month in Pekin, IL, renters typically need to show $2,850 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 Pekin, IL?
In Pekin, IL, the price-to-rent ratio is 12.1, 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 Pekin, IL are best for renting a single-family home?
The best neighborhood for renting in Pekin, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include West Bluff, Downtown Peoria and North Peoria, each with its own character and price range.

Rental Home Trends in Pekin, IL

Rental Home Trends

Number of Houses for Rent
1
Median Single Family Home Rent
$1,349
Median 3 Bedroom Single Family Home Rent
$1,449
How to Rent a Home