Peoria renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Peoria is about $1,010 per month. This puts it in the 72nd percentile compared to the state average cost of rent, which is $1,330. Households in Peoria have a median income of $4,701 per month so the average renter in Peoria is spending roughly 21% of their earnings on housing.
Nationally, and in Peoria, home values are the data point most closely correlated with the cost of rent. The median price of a home in Peoria is $177,532 right now, which is lower than cities nearby, meaning that rents in Peoria also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Peoria while lower rent rates are often available in southeastern areas.
Nearby Cities
- West Peoria, IL: less expensive rent prices
- Peoria Heights, IL: less expensive rent prices
- Bellevue, IL: more expensive rent prices
- East Peoria, IL: more expensive rent prices
- Creve Coeur, IL: less expensive rent prices
- Bartonville, IL: more expensive rent prices
- Edwards, IL: less expensive rent prices
- Mossville, IL: more expensive rent prices
- Harvard Hills, IL: more expensive rent prices
- Bay View Gardens, IL: less expensive rent prices
Cities with Similar Populations
- Elgin, IL: more expensive rent prices
- Newark, DE: more expensive rent prices
- East Los Angeles, CA: more expensive rent prices
- Appleton, WI: more expensive rent prices
- Largo, FL: more expensive rent prices
- Spring Hill, FL: more expensive rent prices
- College Station, TX: more expensive rent prices
- Independence, MO: more expensive rent prices
- Saginaw, MI: less expensive rent prices
- Lehigh Acres, FL: more expensive rent prices
All Local Stats
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