Last updated on July 8, 2026

Average rent in
Peoria, IL

Key takeaways for renters

  • Where Peoria rent stands today

    Peoria, IL rent rose modestly year over year, with a current median of $963/month. Renters pay about $55 more per month than last year, with month-to-month rent unchanged. The market remains below the recent peak of $1,050/month in February 2026.

  • Vs. national rents

    Peoria rents run roughly half the national median, sitting 50.6% more affordable than the $1,950/month national median. This positions Peoria as a highly accessible market for renters seeking value in the Midwest.

  • Rent ranges by bedroom

    Studios in Peoria rent for $852/month, 1-bedrooms for $868/month, and 2-bedrooms for $975/month, with 3-bedrooms at $1,225/month and 4+ bedrooms at $1,575/month. The 4+ bedroom segment climbed 65.8% year over year, diverging clearly from the citywide trend.

Median rent

Median rent in Peoria

$963/mo

increased by1%

vs previous year

The average rent in Peoria is $963 per month as of July 2026. This is 51% below the national average rent, or $987 less per month.

$1.25

average price per square foot

Total rentals

Available rentals in Peoria

156

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Peoria rentals at each price point

75%56%38%19%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Peoria, IL

Average rent prices in Peoria have remained the same over the last month and have increased by 1% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Peoria, IL

Rent prices in Peoria vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Peoria is $995, whereas a house costs $950. 1-bedroom apartments in Peoria run $880 on average, while 2-bedroom apartments are $1,060.

Listings

Studio

$852

5%

4%

1 bedroom

$867

No Change

3%

2 bedroom

$975

1%

3%

3 bedroom

$1,225

6%

1%

4 bedroom

$1,575

6%

50%

Studio

Average rent

$852

Last 30 days

5%

Last year

4%

1 bedroom

Average rent

$867

Last 30 days

No Change

Last year

3%

2 bedroom

Average rent

$975

Last 30 days

1%

Last year

3%

3 bedroom

Average rent

$1,225

Last 30 days

6%

Last year

1%

4 bedroom

Average rent

$1,575

Last 30 days

6%

Last year

50%

The table above reflects average rent prices in Peoria, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Peoria, IL compare to other cities?

Compare median rent prices in Peoria and Bloomington by all bedroom counts and property types.

Peoria

Median rent price$963
decreased by51%

lower than the national median

Median rent price$1,100
decreased by44%

lower than the national median

Takeaway

The median rent for all rentals in Peoria, IL is 12% lower than the median rent in Bloomington, IL.

Cost of living in Peoria, IL

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses
accrued by most renters
Average cost
compared to national average
Goods & Services2% lower
Groceries1% lower
Health9% higher
Housing19% lower
Transportation3% higher
Utilities5% higher

Discover rentals in Peoria, IL

2011 West Ann Street - Photo 1 of 1

13h ago

7.8

Very good

2011 West Ann Street

2011 W Ann St, Peoria, IL 61605

2 beds

1 bath

$472

House for rent

Available Jul 8

1104 W Smith St - Photo 1 of 1

5d+ ago

House for rent in Peoria

House for rent

Available May 23

2615 W Hayes St - Photo 1 of 1

5d+ ago

House for rent in Peoria

House for rent

Available Jun 15

5d+ ago

House for rent in Peoria

House for rent

Available Mar 26

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Peoria, IL

Quick answers to common questions about the Peoria rental market.

How much is rent in Peoria?

The average rent in Peoria is $963 per month as of July 4, 2026.

Is rent up or down in Peoria?

Average rent prices in Peoria have remained the same over the last month and have increased by 1% since last year.

How does Peoria rent compare to the national average?

Rent in Peoria is 51% below the national average, which means renters are paying approximately $987 less per month.

What salary do I need to afford rent in Peoria?

To comfortably afford rent in Peoria, you'd need to earn approximately $39,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Peoria?

Peoria's 2025 rental market shows one-bedroom apartments averaging around $840 per month, while two-bedroom units average around $970 monthly. One-bedrooms represent 19% of the available rental inventory, and two-bedrooms make up the largest share at 50% of the market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Bloomington