Apartments in Heart of Peoria

1 - 13 of 13 Results
19
$1,400 - 1,600
2401 West Alta Road Peoria, IL
2 BR | May. 1, 2024
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Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
19
$1,336 - 1,754
1700 West Coneflower Drive Peoria, IL
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
29
3D Tour
$1,296 - 2,151
1700 West Coneflower Drive Peoria, IL
1 - 2 BR | May. 11, 2024
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Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
1
$1,350
1526 W Candletree Dr Peoria, IL
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
28
$975 - 1,010
7400 N. Villa Lake Dr. Peoria, IL
2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
1
$795 - 875
7107-7115 Miramar Dr Peoria, IL
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
$2,000
Peoria, IL
2 BR | Available Now
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Disability Access
3
$825
3107 - 3119 W Willow Knolls Rd Peoria, IL
2 BR | Available Now
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Storage
Knollls
13
$700
Peoria, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
2
$800
Peoria, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
7
$750 - 1,025
Peoria, IL
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
8
$741 - 1,159
6516-6500 N University St Peoria, IL
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
6
$1,100 - 1,150
4105 W Hollow Crk Peoria, IL
1 - 2 BR | Available Now
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Cat Friendly
Balcony/Deck/Patio
Fitness Center
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Disability Access
1 - 13 of 13 Results
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Peoria:
April Rent Report

Welcome to the April 2024 Peoria Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Peoria rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Peoria and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Peoria average rent prices in the chart below.

Monthly Rent Report

$1,150
$860
$580
$290
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Peoria Rent Prices Decrease From March to April

Peoria rent prices decreased over the last month. From March to April, the city experienced a -1.28% decrease for the price of a one-bedroom apartment. The rent price for a Peoria one-bedroom apartments currently stands at $926.0.

When we take a look at the two-bedroom comparison from March to April, Peoria experienced a -2.89% decrease for the price of a two-bedroom apartment. The rent price for a Peoria two-bedroom apartments currently stands at $1,043.0.

April Prices: Peoria vs. Surrounding Areas

Peoria, IL
Pekin, IL
$938
$596
$0
$350
$700
$1,050
$1,400
Median 1 BR Rent

Rent Prices in Peoria and Surrounding Areas

Rent prices have decreased in Peoria over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Peoria suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Peoria suburbs

  • Rent decreased in Pekin, IL.

  • 1 suburb is currently priced lower than the city of Peoria.

April 2024 Pricing Trends: Peoria vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Peoria, IL
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$938
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Peoria Rent Prices More Affordable Than Major Cities

Rent growth in Peoria over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Peoria average rent prices appear to be relatively affordable for local residents.

The price for a Peoria one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Peoria and surrounding area rent prices, take a look at the complete data set below.

Data set for Peoria and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Peoria, IL $938.0 -1.16% $1,074.0 -0.37%
Pekin, IL $596.0 -0.83% $821.0 -1.08%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.