Updated 5+ Days Ago
Location
506 Caroline St #B, Peoria, IL 61603, USA
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Property Overview
Newly renovated and located near highly rated schools, including an elementary school about 0.15 miles away and a middle school about 0.27 miles away. With 13 photos for a quick look and value for money in the 72.73rd percentile locally, it offers a strong mix of convenience, presentation, and relative affordability.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Elementary school nearby
- Less expensive
Great for
Eco living
Amenities for 506 Caroline St #B
Apartment Amenities
| 2 Floors | Central Air |
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.
Contact Property
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About 506 Caroline St #B
Property Status: Active Newly renovated 2 bed 1 bath available now! 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 506 Caroline St #B compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 mile away
- Elementary school nearby
- There is an elementary school 0.2 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
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Zip code | 61603 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Peoria
2-bedroom apartments at 506 Caroline St #B cost about 8% less than the average rent price for 2-bedroom apartments in Peoria.
Median rents as of Jul 11 2026.
Peoria
| Month | Median Rent |
|---|---|
| July 2024 | $1,000 |
| 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 |
| May 2026 | $975 |
| June 2026 | $975 |
| July 2026 | $970 |
Affordability calculator
Can I afford to live at 506 Caroline St #B?
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
$36,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 2-bedrooms monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.
Schools near 506 Caroline St #B
Lincoln K-8 School
700 mary st
peoria, IL, 61603
K-8Public
C-
Valeska Hinton Early Childhood Education Center
800 w romeo b garrett ave
peoria, IL, 61605
PKPublic
Robein Elementary School
200 campus ave
east peoria, IL, 61611
K-8Public
B-
Pleasant Hill Elementary School
3717 w malone st
peoria, IL, 61605
PK, K-8Public
C-
Bartonville Elementary School
6000 s adams st
bartonville, IL, 61607
PK, K-8Public
C-
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Internet available near 506 Caroline St #B
Neighborhood
Getting around Peoria near 506 Caroline St #B
Walking
6/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
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 506 Caroline St #B, Peoria
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
4/10
Some 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 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
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