1 Day Ago
Location
316 E Melbourne Ave, Peoria, IL 61603, USA
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Amenities for 316 E Melbourne Ave
Features
| Baseboard | Carpet |
| Electric Heating | Natural Gas |
Community
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 316 E Melbourne Ave
Property Status: Active Affordable and updated 2 bedroom bungalow in great location near Knoxville/Forrest Hill. Amenities include: maintenance free vinyl siding, newer roof, large enclosed front porch, interior completely repainted throughout, new carpet in the living room and bedrooms, luxury vinyl plank flooring in the kitchen-laundry room-bathroom, new plumbing throughout, new kitchen cabinets and tops, move-in ready! Agent Owned. $800/mo plus $800 deposit. Minimum 1 year lease. Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 316 E Melbourne Ave compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 mile away
- High school nearby
- There is a high school 0.3 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 61603 |
|---|---|
| Type | House for rent |
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Rent trends in Peoria
2-bedroom apartments at 316 E Melbourne Ave cost about 18% less than the average rent price for 2-bedroom apartments in Peoria.
Median rents as of Apr 25 2026.
Peoria
| Month | Median Rent |
|---|---|
| May 2024 | $891 |
| June 2024 | $909 |
| July 2024 | $969 |
| August 2024 | $993 |
| September 2024 | $956 |
| October 2024 | $937 |
| November 2024 | $970 |
| December 2024 | $965 |
| January 2025 | $950 |
| February 2025 | $965 |
| March 2025 | $984 |
| April 2025 | $995 |
| May 2025 | $988 |
| June 2025 | $962 |
| July 2025 | $959 |
| August 2025 | $968 |
| September 2025 | $954 |
| October 2025 | $965 |
| November 2025 | $963 |
| December 2025 | $962 |
| January 2026 | $981 |
| February 2026 | $987 |
| March 2026 | $986 |
| April 2026 | $985 |
Affordability calculator
Can I afford to live at 316 E Melbourne Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$32,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $32,000 annually to afford this 2-bedrooms monthly rent price of $800.
For more information on rent affordability, visit our rent calculator.
Schools near 316 E Melbourne Ave
Hines Primary School
4603 n knoxville ave
peoria, IL, 61614
K-4Public
C-
Valeska Hinton Early Childhood Education Center
800 w romeo b garrett ave
peoria, IL, 61605
PKPublic
Pleasant Hill Elementary School
3717 w malone st
peoria, IL, 61605
PK, K-8Public
C-
Robein Elementary School
200 campus ave
east peoria, IL, 61611
K-8Public
B-
Bartonville Elementary School
6000 s adams st
bartonville, IL, 61607
PK, K-8Public
C-
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Internet available near 316 E Melbourne Ave
Neighborhood
Getting around Peoria near 316 E Melbourne Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 316 E Melbourne Ave, Peoria
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
3/10
Some bars within walking distance
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