What is the average apartment size in Peoria?

The average size for a Peoria, IL apartment is 862 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 Apr / 2026, the average rent in Peoria is $1,144 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 $758 per month, one-bedroom units average $1,018 per month, two-bedrooms cost around $1,233 per month, and three-bedroom apartments rent for about $1,428 per month

What is the average apartment size in Peoria?

The typical apartment in Peoria offers about 862 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 459 sq. ft., one-bedrooms offer 703 sq. ft., two-bedrooms are about 973 sq. ft., and three-bedroom apartments average 1,166 sq. ft.

What are the most affordable neighborhoods in Peoria?

The most affordable neighborhoods in Peoria include Central Peoria ($957/month), North Peoria ($996/month), and Northwest Peoria ($1,259/month), all below the citywide average of $1,144.

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, 43% of households rent while 57% own their homes, based on the latest U.S. Census data.

Last updated: May 15, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Peoria is $1,144, a N/A compared to the previous year, when the average rent was .

Studio Apartments at $758 offer the most budget-friendly option with 459 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 703 square feet for $1,018, balancing privacy and affordability.

Two-beedroom units at $1,233 offer 973 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,166 sq ft) for $1,428, suitable for larger households.

Average rent in Peoria, IL

Last updated: May 15, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,144	862 sq. ft.
Studio	$758	459 sq. ft.
1 Bed	$1,018	703 sq. ft.
2 Beds	$1,233	973 sq. ft.
3 Beds	$1,428	1,166 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?

20,847 or 43% of the households in Peoria, IL are renter-occupied while 28,190 or 57% are owner-occupied.

Most affordable neighborhoods in Peoria?

Central Peoria $957/month

North Peoria $996/month

Northwest Peoria $1,259/month

All of these neighborhoods fall below the city wide average of $1,144/month.

Average Rent in Peoria, IL By Neighborhood

Neighborhood	Average Rent
Far North Peoria	$1,479
Northwest Peoria	$1,259
North Peoria	$996
Central Peoria	$957

Peoria | Rent Comparison by Neighborhood

Rent in Central Peoria is 35% lower than in Far North Peoria

$957

Central Peoria rent is 16% lower than Peoria average

Average Rent $957

$1,479

Far North Peoria rent is 29% higher than Peoria average

Average Rent $1,479

How Peoria Compares to Other Cities

City	Average Rent
Peoria	$1,144
Chicago	$2,494
Oak Park	$2,242
Evanston	$2,606
Naperville	$2,093
Skokie	$2,078
Aurora	$1,871
Champaign	$1,752
Dekalb	$1,165
Lombard	$2,060
Waukegan	$1,410

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.