Cheap Apartments for Rent in Pekin, IL

40 rentals

Apartments For Rent Near Pekin, IL

We found 30 more apartments matching your filters just outside Pekin

Average Rent Trends in Pekin, IL

Rent in Pekin, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Nov 2025$850
Dec 2025$875
Jan 2026$825
Feb 2026$899
Mar 2026$925
Apr 2026$925
May 2026$1,000
Jun 2026$950
Jul 2026$950
Aug 2026$1,100
Sep 2026$1,050
Oct 2026$900
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Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$700$975$1,300—$910
Townhomes—$1,050$1,300—$1,300
Apartments and Condos$699$910——$725
Houses$675$997$1,375—$1,050
See more information about local market trends in Pekin, IL

Frequently Asked Questions about Rentals in Pekin, IL

  • What is the average rent of an apartment in Pekin, IL?
    The average rent of an apartment in Pekin, IL is $750 per month. This is about 61% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Pekin, IL?
    Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $800 per month.
  • How many cheap apartments are available in Pekin, IL?
    There are 21 apartments to rent that are cheaper than the city’s average rent of $910.
  • When is the average rent most expensive in Pekin, IL?
    In the last year, the average rent in Pekin, IL was highest in Jan 2025 when it was $950 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Pekin, IL?
    The average rent of a 1 bedroom apartment in Pekin, IL is $700 per month. That is about $72 more than the cost of a studio apartment.
  • What are some zip codes in Pekin, IL?
    Pekin, IL includes zip codes such as: 61554, 61564, 61555, 61558.
  • What are some cities near Pekin, IL?
    Some nearby cities include: South Pekin, North Pekin, Marquette Heights, Groveland, Creve Coeur. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Pekin, IL - 81 Rentas | Trulia