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Apartments Under $500 in Peoria, IL

1 - 1 of 1 Result
14
$500
1700 S Stanley St
Peoria, IL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1 - 1 of 1 Results

All Apartments in Peoria, IL

30 Results
37
$1,409
Peoria - North
4306 N Brandywine Dr Peoria, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
1
$895 - 1,495
The Grove Apartments
1526 W Candletree Dr Peoria, IL
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
1
$875
Crestwood Apartment
W Crestwood Dr Peoria, IL
2 BR | Jan. 6, 2026
Contact
Cat Friendly
Air Conditioning
Surface Parking
Storage
Disability Access
1
$1,300 - 1,500
Lofts Partners, Llc
311 SW Water St Peoria, IL
1 BR | Available Now
Contact
Fitness Center
Storage
Disability Access
Dishwasher
Moss Bradley
1
$1,000
3215 W Willow Knolls Dr
Peoria, IL
2 BR | Available Now
Contact
House
Dishwasher
Knollls
1
$1,295 - 1,395
Covington Court Apartments
1327 Covington Ct Peoria, IL
2 BR | Available Now
Contact
Balcony/Deck/Patio
University East
1
$800 - 850
Peoria Place Apartments
7217 N University St Peoria, IL
1 - 2 BR | Available Now
Contact
5
$890 - 1,030
2805 W Larchmont Ln
Peoria, IL
1 - 2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
Pool
46
$1,320 - 1,675
Grandview Apartments
5250 N Knoxville Ave Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
38
$1,695
Cooperage 214
214 Pecan St Peoria, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
19
$1,290
Granada Court Apartments
3010 W Granada Ct Peoria, IL
2 BR | Available Now
Contact
Balcony/Deck/Patio
Wardcliffe
8
$845 - 1,135
The Village On University
6516-6500 N University St Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
10
$1,490
Frostwood Apartments
5505 N Frostwood Pkwy Peoria, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Disability Access
13
Call for Pricing
Prospect Place
433- 435 St Peoria, IL
2 BR | Available Now
Contact
Disability Access
13
$1,150 - 1,450
Flats At Dunlap
Deal
7150 N Terra Vista Dr Peoria, IL
2 - 3 BR | Available Now
Contact
Air Conditioning
Covered Parking
Dishwasher
Pool
7
$920
935 W Loire Ct
Peoria, IL
2 BR | Dec. 10, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
19
$1,336 - 1,754
Prairie Lakes Apartments
1700 West Coneflower Drive Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
23
$750 - 1,300
Civic Center Plaza Apartments
331 Fulton Street Peoria, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Fitness Center
16
$829 - 1,059
Timberlane Apartments
2900 War Memorial Drive Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
In Unit Laundry
17
$862 - 911
Timberbrook Apartments
112 East Hines Place Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
9
$1,390 - 1,655
Apartments At Grand Prairie
5400 W. Sienna Lane Peoria, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
1
$1,750
Maison De La Trace Apartments
912 W Loire Ct Peoria, IL
2 BR | Available Now
Contact
Balcony/Deck/Patio
Fitness Center
Storage
Disability Access
Fireplace
1
$725
711 Morton St
Peoria, IL
1 BR | Jan. 1, 2026
Contact
Cat Friendly
Storage
1
$1,050 - 1,450
Hollow Creek IV Apartments
4105 W Hollow Crk Peoria, IL
1 - 2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Storage
Disability Access
1
$795
414 W Elizabeth
Peoria, IL
2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Storage
Dishwasher
18
$995
Lake / Hines / Knollridge
Peoria, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Oakcliff
3
$1,390
Hidden Oaks Apartments
3601 N Kingston Dr Peoria, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Disability Access
1
$975
The Village At Tangle Wood
7107-7115 Miramar Dr Peoria, IL
2 BR | Jan. 8, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
0
$1,175 - 1,325
The Flats At Dunlap
7150 N Terra Vista Dr Peoria, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Pool
1
$1,299
Don't Miss Out! New Listing Available Now! 3 Bedroom / 1 Ba Attached Garage
817 W Ridge Rd Peoria, IL
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Knoll Crest
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Peoria, IL on Rentable.co?

There is 1 apartment under $500 in Peoria currently available for rent on Rentable.co.

How many two-bedroom apartments under $500 are available in Peoria?

Rentable.co has 2 two-bedroom apartments under $500 available for rent in Peoria.

Can I afford a apartment under $500 in Peoria, IL?

To comfortably afford a apartment under $500 in Peoria based on average rent prices, a household would need an annual income of $20,000.

Apartments Under $500 in Peoria, IL: December Rental Information

Welcome to the December 2025 Peoria Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Peoria rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Peoria and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Peoria.
0 5 10 15 20 <$800 $820 $860 $900 $940 $980 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 $1,300 $1,340 $1,380

Available Apartments Under $500: Peoria vs. Surrounding Areas

The chart above displays the number of available apartments under $500 in Peoria, IL and surrounding cities as of December, 2025. The data includes the number of units in each city, offering affordable options for renters in the area. The surrounding cities listed in the chart include East Peoria, Chillicothe, Princeville, Washington, Roanoke, Morton, Pekin, Germantown Hills, Dunlap, and Uttar Predesh. In total, there are 2 apartments available in the Peoria, IL metro area that fall within the affordable price range. This information is helpful for renters in search of budget-friendly housing options in and around Peoria.

Apartments Under $500 Now vs. Last Month: Peoria and Surrounding Areas

City Apartments Under $500 in December M/M % Change
Peoria, IL 2 +0.75%
Princeville, IL 1 +1.0%
Morton, IL 0 +1.67%

Looking for Apartments Under $500 in Peoria?

Available apartments under $500 3
Top amenities Dishwasher, Disability Access, On Site Laundry, Smoke Free Community, Garage Attached
2 Bedroom 1
3 Bedroom 1
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