5+ Days Ago
Highlights
- Exposed brick walls
- High ceilings
Location
311 Sw Water St, Peoria, IL 61602, USA
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Property Overview
The Lofts at Waterfront Place is an attractive rental option with an expert rating of 8.3 out of 10, reflecting its competitive pricing and impressive amenities, both rated at 9 out of 10. Residents benefit from a prime location, offering convenience to schools, restaurants, and recreational spaces, while notable features include exposed brick walls and high ceilings. The property’s transparency and trustworthiness are highlighted by an 8 out of 10 rating, ensuring prospective renters have a clear understanding of what to expect.
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
Middle school nearby- High school nearby
- Elevator
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 635+ sqft | $1,300–$1,500 /mo | 2 units available | The Lofts at Waterfront Place is a residential development located at Waterfront Place in the same building with RC Outfitters. The building with exposed brick walls and high 14-16 ft ceilings provides the perfect setting for an authentic loft-type development. The development consists of 23 loft-style apartments and many have views of the Illinois River. |
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Amenities for The Lofts at Waterfront Place
Apartment Amenities
| Trash | Water |
Appliances
| Dishwasher | Microwave |
| Range | Refrigerator |
Building
| Elevator | Fitness Center |
| Free Laundry | Onsite Laundry |
| Roof Deck | Sewer |
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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 23 |
|---|
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About The Lofts at Waterfront Place
The Lofts at Waterfront Place is a residential development located at Waterfront Place in the same building with RC Outfitters. The building with exposed brick walls and high 14-16 ft ceilings provides the perfect setting for an authentic loft-type development. The development consists of 23 loft-style apartments and many have views of the Illinois River.
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, The Lofts at Waterfront Place is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lofts at Waterfront Place has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A 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.
The Lofts at Waterfront Place stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
The Lofts at Waterfront Place goes above and beyond to provide sought-after conveniences and desirable perks, including elevator. Renters looking for popular or luxurious features will find them here—and for that reason, The Lofts at Waterfront Place receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Lofts at Waterfront Place 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 The Lofts at Waterfront Place does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
The Lofts at Waterfront Place 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 The Lofts at Waterfront Place compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 2 miles away
- High school nearby
- There is a high school 1 mile away
- Elevator
- Improved accessibility features
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Peoria
1-bedroom apartments at The Lofts at Waterfront Place cost about 52% more than the average rent price for 1-bedroom apartments in Peoria.
Median rents as of Feb 7 2026.
Peoria
| Month | Median Rent |
|---|---|
| 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 |
| November 2025 | $725 |
| December 2025 | $900 |
| January 2026 | $939 |
| February 2026 | $842 |
Affordability calculator
Can I afford to live at 311 Sw Water St?
Bedrooms
1 bedroomRent-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
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 1-bedroom monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Schools near The Lofts at Waterfront Place
Valeska Hinton Early Childhood Education Center
800 w romeo b garrett ave
peoria, IL, 61605
PKPublic
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Internet available near The Lofts at Waterfront Place
Getting around Peoria near 311 Sw Water St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
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
6/10
Frequent public transit options are within walking distance.
Points of interest for 311 Sw Water St, Peoria
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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