What's the average rent in Peoria, IL?

Rental Market Trends in Peoria, IL

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Peoria, IL is $1,063 per month, which is 46% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,063

5.8%$59 increase month-over-month

-0.6%-$6 decrease year-over-year

AVAILABLE RENTALS

286

APARTMENTS

$1,070

HOUSES

$1,100

TOWNHOUSES

$1,350

As of August 2026, apartments are the most affordable rental option in Peoria, IL at $1,070 per month, while townhomes are the most expensive at $1,350 per month. Houses average $1,100 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$922
2 Bedrooms	$995
3 Bedrooms	$1,280
4 Bedrooms	$1,500
All	$1,063

As of August 2026, the average rent for a 1 bedroom rental in Peoria, IL is $922 per month, followed by $995 for a 2 bedroom rental, $1,280 for a 3 bedroom rental, and $1,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$900
3 Bedrooms	$1,650
4 Bedrooms	$1,200
All	$1,350

As of August 2026, the average rent for a 1 bedroom townhome in Peoria, IL is $950 per month, followed by $900 for a 2 bedroom townhome, $1,650 for a 3 bedroom townhome, and $1,200 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$1,000
3 Bedrooms	$1,350
4 Bedrooms	$1,650
All	$1,055

As of August 2026, the average rent for a 1 bedroom apartment in Peoria, IL is $950 per month, followed by $1,000 for a 2 bedroom apartment, $1,350 for a 3 bedroom apartment, and $1,650 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$725
2 Bedrooms	$850
3 Bedrooms	$1,199
4 Bedrooms	$1,500
All	$1,100

As of August 2026, the average rent for a 1 bedroom house in Peoria, IL is $725 per month, followed by $850 for a 2 bedroom house, $1,199 for a 3 bedroom house, and $1,500 for a 4 bedroom house.