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21 2 Bedroom Apartments for rent in Peoria, IL

Last updated January 17 at 7:49pm UTC
The Grove Apartments
1526 W. Candletree Drive
Peoria, IL
Updated January 17 at 7:23pm UTC
2 Bedrooms
$659
Dunlap Falls
6900 N Summershade Cir
Peoria, IL
Updated January 17 at 2:12pm UTC
2 Bedrooms
$925
Madison Bluff Apartments
2405 W Martin Luther King Jr Dr
Peoria, IL
Updated January 17 at 7:23pm UTC
2 Bedrooms
$550
Golfview Apartments
2317 W Martin Luther King Jr Dr
Peoria, IL
Updated January 17 at 7:23pm UTC
2 Bedrooms
$550
1327-1401 West Covington Court
Peoria
Peoria, IL
Updated January 17 at 7:49pm UTC
2 Bedrooms
$895
2807 North Sheridan Road
West Central
Peoria, IL
Updated January 17 at 7:49pm UTC
2 Bedrooms
$650
Woodsage Apartments
Peoria
Peoria, IL
Updated January 17 at 7:49pm UTC
2 Bedrooms
$975
12225 N Woodcrest Dr. - 106
Peoria County
Peoria County, IL
Updated January 17 at 7:42pm UTC
2 Bedrooms
$650
408 Highland, Apt. 2
Creve Coeur
Creve Coeur, IL
Updated January 17 at 7:42pm UTC
2 Bedrooms
$695
800 E Mcclure Ave
Peoria
Peoria, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$700
Results within 1 miles of Peoria, IL
615 E Corrington Ave
Jackson Corners
Peoria, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$650
1331 W Jeth Ct
Peoria
Peoria, IL
Updated January 17 at 9:38am UTC
2 Bedrooms
$695
610 E. Marietta St
Woodlawn Place
Peoria Heights, IL
Updated January 17 at 4:57pm UTC
2 Bedrooms
$800
12200 N Woodcrest
Peoria County
Peoria County, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$925
Results within 5 miles of Peoria, IL
1900 Highview Road
East Peoria
East Peoria, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$600
730 N Main St.
North Main Street
East Peoria, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$1,250
Results within 10 miles of Peoria, IL
1010 Court St 3
Pekin
Pekin, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$750
300 Chestnut
North of Broadway
Pekin, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$750
1720 N Sixth St.
Chillicothe
Chillicothe, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$750
1028 Florence
North of Broadway
Pekin, IL
Updated January 17 at 4:56pm UTC
2 Bedrooms
$675

January 2019 Peoria Rent Report

Welcome to the January 2019 Peoria Rent Report. Peoria rents declined over the past month. In this report, we'll evaluate trends in the Peoria rental market, including comparisons to cities throughout the state and nation.

View full Peoria Rent Report
Rent Report
Peoria

January 2019 Peoria Rent Report

Welcome to the January 2019 Peoria Rent Report. Peoria rents declined over the past month. In this report, we'll evaluate trends in the Peoria rental market, including comparisons to cities throughout the state and nation.

Peoria rents declined over the past month

Peoria rents have declined 0.1% over the past month, but have been relatively flat at 0.4% in comparison to the same time last year. Currently, median rents in Peoria stand at $620 for a one-bedroom apartment and $800 for a two-bedroom. Peoria's year-over-year rent growth leads the state average of 0.0%, but trails the national average of 0.9%.

Rents rising across cities in Illinois

Throughout the past year, rents have remained steady in the city of Peoria, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Illinois, 8 of them have seen prices rise. The state as a whole experienced flat rent growth over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Naperville is the most expensive of all Illinois' major cities, with a median two-bedroom rent of $1,760; of the 10 largest cities in Illinois that we have data for, Joliet and Elgin, where two-bedrooms go for $1,120 and $1,160, are the only two major cities in the state to see rents fall year-over-year (-7.4% and -1.5%).
  • Schaumburg, Evanston, and Arlington Heights have all experienced year-over-year growth above the state average (4.8%, 2.3%, and 2.1%, respectively).

Peoria rents more affordable than many large cities nationwide

Rent growth in Peoria has been relatively stable over the past year - some other large cities have seen more substantial increases. Peoria is still more affordable than most large cities across the country.

  • Peoria's median two-bedroom rent of $800 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the stagnant growth in Peoria.
  • While rents in Peoria remained moderately stable this year, similar cities saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%); note that median 2BR rents in these cities go for $1,060, $2,540, and $1,340 respectively.
  • Renters will find more reasonable prices in Peoria than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three-and-a-half times the price in Peoria.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.