5+ Days Ago
Highlights
Pet Friendly
Location
512 Alexander Ave, Peoria, IL 61603, USA
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Property Overview
512 Alexander Avenue is highly rated with a Zumper expert rating of 7.7 out of 10, reflecting its appeal to renters. Price and amenities ratings of 8 indicate a strong value proposition, while a location rating of 9 highlights exceptional access to local points of interest and transportation. Trustworthiness is affirmed with a 7 rating, showcasing transparency, and additional features such as nearby grocery stores and pet-friendly resources enhance its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
Great for
Pet owners
Floor plans
| 512 Alexander Avenue | 2 bed | 1 bath | 672 sqft | $563 /mo | 512 Alexander Ave, Peoria, IL 61603 2 Beds/1 Bath 672 Sq. Ft/Lot 8276 Sq. Ft Here is an opportunity for you to pay less than local rent with the added benefit of homeownership. No Banks, No Credit. Low Down Payment of $2,000 $563.00 Monthly payments plus taxes and insurance. (Less than local rents.) Sale Price $53,078.00 This property is being offered on an Owner Financed 20 year Contract for Deed with NO Balloon payment or prepayment penalty! In order to qualify, you must have verifiable income greater than 4 times the monthly payment and a clean rental history for starters. The monthly payment shown does not include taxes and insurance. Property is sold in AS-IS condition to serious buyers who inspect the property thoroughly. Call 1-844-882-2221 or email us at **** |
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Amenities for 512 Alexander Avenue
Building
| Cats OK | Dogs OK |
| Garage Attached |
Grounds
| Garage Parking |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 512 Alexander Avenue
512 Alexander Ave, Peoria, IL 61603 2 Beds/1 Bath 672 Sq. Ft/Lot 8276 Sq. Ft No Banks, No Credit. $724.00 Monthly payments, this inclues taxes and insurance. (This is the full payment, no hidden fees and still less than local rents.) In order to qualify, you must have verifiable income greater than 3 times the monthly payment and a clean rental history for starters. Property is offered in AS-IS condition to serious prospects who inspect the property thoroughly. Call 1-844-882-2221 or email us at ****
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.7
/10
Very Good512 Alexander Avenue is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 512 Alexander Avenue is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 512 Alexander Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
512 Alexander Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 512 Alexander Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
512 Alexander Avenue provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
512 Alexander Avenue is great for:
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 512 Alexander Avenue compares to other nearby properties.
Positives
- 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 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Peoria
2-bedroom apartments at 512 Alexander Avenue cost about 42% less than the average rent price for 2-bedroom apartments in Peoria.
Median rents as of Oct 25 2025.
Peoria
| Month | Median Rent |
|---|---|
| November 2023 | $719 |
| December 2023 | $736 |
| January 2024 | $775 |
| February 2024 | $688 |
| March 2024 | $685 |
| April 2024 | $711 |
| May 2024 | $747 |
| June 2024 | $695 |
| July 2024 | $862 |
| August 2024 | $728 |
| September 2024 | $722 |
| October 2024 | $713 |
| November 2024 | $702 |
| December 2024 | $718 |
| January 2025 | $740 |
| February 2025 | $755 |
| March 2025 | $737 |
| April 2025 | $762 |
| May 2025 | $775 |
| June 2025 | $728 |
| July 2025 | $753 |
| August 2025 | $727 |
| September 2025 | $710 |
| October 2025 | $725 |
Affordability calculator
Can I afford to live at 512 Alexander 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
$22,520/yr
With your selected rent-to-income ratio, you'd ideally want to make $22,520 annually to afford this 2-bedrooms monthly rent price of $563.
For more information on rent affordability, visit our rent calculator.
Schools near 512 Alexander Avenue
Lincoln K-8 School
700 mary st
peoria, IL, 61603
K-8Public
C-
Glen Oak Community Learning Center
2100 n wisconsin ave
peoria, IL, 61603
K-8Public
C-
Valeska Hinton Early Childhood Education Center
800 w romeo b garrett ave
peoria, IL, 61605
PKPublic
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Internet available near 512 Alexander Avenue
Getting around Peoria near 512 Alexander Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
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 512 Alexander Ave, Peoria
Groceries
2/10
At least one supermarket within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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