What is the average apartment size in Peoria?

The average size for a Peoria, IL apartment is 899 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Peoria?

As of Jan / 2026, the average rent in Peoria is $1,209 per month, a N/A from last years average of .

How much does rent cost by apartment size in Peoria?

In Peoria, studios rent for $698 per month, one-bedroom units average $1,057 per month, two-bedrooms cost around $1,294 per month, and three-bedroom apartments rent for about $1,402 per month

What is the average apartment size in Peoria?

The typical apartment in Peoria offers about 899 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Peoria?

Studio apartments in Peoria average 369 sq. ft., one-bedrooms offer 702 sq. ft., two-bedrooms are about 1,005 sq. ft., and three-bedroom apartments average 1,224 sq. ft.

What are the most affordable neighborhoods in Peoria?

The most affordable neighborhoods in Peoria include Central Peoria ($962/month), North Peoria ($1,128/month), and South Peoria ($1,212/month), all below the citywide average of $1,209.

Peoria, IL Rental Market Trends

Q: What's the typical rent budget in Peoria?

The typical rent budget in Peoria ranges from $1,001 to $1,500 per month, with 44% of rentals in this range.

Q: Do most people rent or own in Peoria?

In Peoria, 42% of households rent while 58% own their homes, based on the latest U.S. Census data.

Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Peoria is $1,209, a N/A compared to the previous year, when the average rent was .

Studio Apartments at $698 offer the most budget-friendly option with 369 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 702 square feet for $1,057, balancing privacy and affordability.

Two-beedroom units at $1,294 offer 1,005 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,224 sq ft) for $1,402, suitable for larger households.

Average rent in Peoria, IL

Last updated: February 17, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,209	899 sq. ft.
Studio	$698	369 sq. ft.
1 Bed	$1,057	702 sq. ft.
2 Beds	$1,294	1,005 sq. ft.
3 Beds	$1,402	1,224 sq. ft.

Peoria, IL rent trends

What's the typical rent budget in Peoria, IL?

The largest share of rentals in Peoria, IL (44%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Peoria, IL?

20,459 or 42% of the households in Peoria, IL are renter-occupied while 28,491 or 58% are owner-occupied.

Most affordable neighborhoods in Peoria?

Central Peoria $962/month

North Peoria $1,128/month

South Peoria $1,212/month

All of these neighborhoods fall below the city wide average of $1,209/month.

Average Rent in Peoria, IL By Neighborhood

Neighborhood	Average Rent
Northwest Peoria	$1,543
Far North Peoria	$1,458
South Peoria	$1,212
North Peoria	$1,128
Central Peoria	$962

Peoria | Rent Comparison by Neighborhood

Rent in Central Peoria is 34% lower than in Far North Peoria

$962

Central Peoria rent is 20% lower than Peoria average

Average Rent $962

$1,458

Far North Peoria rent is 21% higher than Peoria average

Average Rent $1,458

How Peoria Compares to Other Cities

City	Average Rent
Peoria	$1,209
Chicago	$2,454
Oak Park	$2,266
Evanston	$2,598
Naperville	$2,093
Skokie	$2,149
Aurora	$1,876
Champaign	$1,685
Dekalb	$1,105
Lombard	$1,989
Lisle	$1,885

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Peoria apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.