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Studio Apartments for Rent in Peoria, IL

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  • /55

    Starting at $1,095 Per Month

    • Studio - 1 Bed

    733 SW Washington St, Peoria, IL 61602

    Winkler Lofts consist of 28 residential units that have one available parking space. The luxury lofts are a combination of studios and one bedroom apartments which have oversized windows, hickory floors, exposed brick walls and vaulted ceilings that have that coveted industrial feel.

    Winkler Lofts

    733 SW Washington St, Peoria, IL 61602
  • /34

    Starting at $825 Per Month

    • Studio - 1 Bed

    331 Fulton St, Peoria, IL 61602

    Civic Center Plaza is within walking distance to all of downtown Peoria's major employers, restaurants, riverfront, and other activity spots. We offer a variety of floorplans and finishes to select from to find the layout and price that matches your needs and style. A multi-level city parking garage offers a private entrance into the building. A fitness room, laundry room on every floor, and a

    Civic Center Plaza Apartments

    331 Fulton St, Peoria, IL 61602
  • /50

    Starting at $1,050 Per Month

    • Studio - 3 Beds

    812-816 SW Washington St, Peoria, IL 61602

    Check out these beautiful Downtown Peoria Apartment homes! Freshly renovated and ready for Move-in! This property has some amazing features starting with the VIEWS from the upper levels, High ceilings, windows that open, Individual HVAC systems, exposed brick and beams, a Fitness Center, Yoga Room, Dog Wash, In Unit Laundry and a Commercial Laundry area for those bulkier items, to name just a

    812 Lofts

    812-816 SW Washington St, Peoria, IL 61602
  • /50

    Starting at $855 Per Month

    • Studio - 2 Beds

    6516 N University St, Peoria, IL 61614

    Discover The Village on University in Peoria, Illinois. Our community offers studio, one-, and two-bedroom apartments with on-site parking, high-speed internet, and dishwashers. Residents enjoy a sense of community, supported by a friendly, on-site team and a welcoming atmosphere. Amenities like a bark park, playground, and pool add to the charm. We’re ideally located with easy access to Expo

    The Village on University

    6516 N University St, Peoria, IL 61614
  • /5

    Starting at $1,400 Per Month

    • Studio - 2 Beds

    825 SW Adams St, Peoria, IL 61602

    Now Leasing – 15 Modern Studio to 3-Bedroom Apartments | $1,400–$2,400Be the first to live in these brand-new apartments featuring modern industrial interiors, spacious open-concept layouts, in-unit laundry, and new stainless-steel appliances. With multiple bedroom floor plans available, including one patio unit and five with private balconies, there is a perfect space for every lifestyle.

    Adams Street Center

    825 SW Adams St, Peoria, IL 61602
  • /35

    $1,199 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Peoria - North

    4306 N Brandywine Dr, Peoria, IL 61614

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Peoria - North

    4306 N Brandywine Dr, Peoria, IL 61614
  • /35

    Starting at $900 Per Month

    • Studio - 2 Beds

    701 Main St, Peoria, IL 61602

    The Marquette Building Apartments were designed in 1924 by Hewitt & Emerson Architects, designers of the Commerce Bank Building and Pere Marquette Hotel. This historic building is located at the intersection of Main St. and Perry Ave. Located adjacent to Methodist Medical Center; the Illinois College of Medicine – Peoria; and near Thirty Thirty Coffee and the Civic Center! Professionally managed

    Marquette Place

    701 Main St, Peoria, IL 61602
  • /27

    Starting at $875 Per Month

    • Studio - 2 Beds

    2221-2227 Willow Knolls Dr W, Peoria, IL 61614

    Willow Knolls Apartments in Peoria, IL offers comfortable studio, one- and two-bedroom homes with air conditioning and private balconies or patios. The community is pet friendly and provides convenient surface parking for residents and guests. Situated for easy access to local shops and services, Willow Knolls delivers practical, well-equipped apartment living in a welcoming setting.

    Willow Knolls Apartments

    2221-2227 Willow Knolls Dr W, Peoria, IL 61614
  • /35

    Starting at $1,150 Per Month

    • Studio

    1028 SW Adams St, Peoria, IL 61602

    Urban Loft Apartments – Now Under New Ownership and Management!Proudly owned and managed by Sharp & Sharp Properties, known for their excellent service and commitment to resident satisfaction.Located in the vibrant Downtown Warehouse District!* Controlled Access Entry* Stunning Floor-to-Ceiling Windows* Industrial Warehouse FinishesAll-Inclusive Rent – Water,

    Magnolia Lofts

    1028 SW Adams St, Peoria, IL 61602
  • /35

    Starting at $875 Per Month

    • Studio - 2 Beds

    4019 W Hollow Creek Dr, Peoria, IL 61615

    Hollow Hills Apartments in Peoria, IL offers well-maintained units with air conditioning for year-round comfort. The community is pet friendly and provides convenient parking options, including a surface parking lot and covered parking available for a fee. Located for easy access to local services and transportation, Hollow Hills balances practical amenities with straightforward daily convenience.

    Hollow Hills Apartments

    4019 W Hollow Creek Dr, Peoria, IL 61615
  • /6

    $750 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1209 North St Unit B1, Peoria, IL 61606

    Looking for an affordable, updated apartment close to everything? Welcome to Unit B1 at North North Street, a beautifully renovated studio apartment offering modern finishes, convenience, and peace of mind—all with utilities included.This freshly updated unit features new appliances, updated finishes throughout, and a clean, modern living space designed for comfort and simplicity. The

    1209 North St Unit B1, Peoria, IL 61606

Why Live in Peoria

The scenic Illinois River flows through Peoria's vibrant downtown, where the Spirit of Peoria paddlewheel boat takes visitors on memorable river cruises. Residents enjoy performances at the Peoria Civic Center, which hosts Broadway shows and concerts, while the historic Apollo Theater features live music throughout the year. The Peoria Riverfront serves as a cultural hub with its museum, sculpture garden, and Holocaust Memorial. Outdoor recreation thrives along Grand View Drive, famously dubbed "the world's most beautiful drive" by Theodore Roosevelt, while the Forest Park Nature Center provides extensive hiking trails. The local food scene includes upscale dining at 2 Chez, premium cuts at Alexander's Steakhouse, and innovative American cuisine at Table 19 inside the Marriott Pere Marquette.

The Peoria housing market features diverse options across distinct neighborhoods. Single family homes in Forest Hills command a median price of $216,000, while similar properties in Downtown Peoria have a median price of $69,500. The median price for one bedroom condos throughout Peoria is $80,000, and two bedroom condos typically sell for a median price of $125,500. The overall median home sale price in Peoria is $145,000.

The cost of living in Peoria sits 3.9% below the national average. A family with school age children needs an annual salary of $102,000 to live comfortably, with monthly housing costs around $2,000 and grocery expenses near $1,500. Property taxes in Peoria County stand at 2.24%, while the combined sales tax rate is 8.89%. The public school system includes Thomas Metcalf School, rated A+ by Niche, serving North Peoria. Bradley University maintains a significant presence in the city. Major employers include Caterpillar Inc., OSF Healthcare System, and UnityPoint Health, providing stable employment opportunities for residents.

Frequently Asked Questions

How much does it cost to rent a home in Peoria, IL?
The median rent for a home in Peoria, IL is $1,100 per month, though prices vary by neighborhood, size, and property type. As of July 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 Peoria, IL?
To comfortably afford the median rent in Peoria, IL, a household needs to earn roughly $44,000 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 $1,100 per month in Peoria, IL, renters typically need to show $3,300 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 Peoria, IL?
In Peoria, IL, the price-to-rent ratio is 11.4, 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 Peoria, IL are best for renting a home?
The best neighborhood for renting in Peoria, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Peoria and Downtown Peoria, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
11
Median Rent
$1,100
Median Single Family Home Rent
$1,300
Median Condo Rent
$925
How to Rent a Home