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What to Know About
Life in Peoria & Beyond
Peoria shares many of the great qualities that make Illinois a desirable place to live.
Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.
Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.
With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.
Rental Market Trends
Peoria, IL
As of June 2025, Peoria's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Peoria's average rent is 41.4% ($705) lower than the Illinois average of $1,703 and 44.1% ($786) lower than the U.S. average of $1,784.
Average Rent
$998
Monthly ChangeMonth Over Month Change
1.4% ($14)
Yearly ChangeYear Over Year Change
15.6% ($135)
Avg. Days on MarketAverage Days on Market
41
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $895 | 0.4% ($4) | 13.3% ($105) |
| 2 Beds | $1,065 | 1.6% ($17) | 4.7% ($48) |
| 3 Beds | $1,433 | 13% ($214) | 25.3% ($289) |
| Nearby Cities | Average Rent | Avg. Rent vs. PeoriaAverage Rent vs. Peoria | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| East Peoria | $1,012 | 1.4% ($14) | 39 days |
| Washington | $1,755 | 75.9% ($757) | 38 days |
| Pekin | $714 | 28.5% ($284) | 38 days |
| Morton | $1,244 | 24.6% ($246) | 36 days |
| Elmwood | $1,112 | 11.4% ($114) | 70 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Peoria Rental Market FAQs
Explore rental prices, market trends, and availability in Peoria, IL.
The average rent in Peoria, IL is $998 per month.
Homes in Peoria typically rent for between $627 and $1,863 per month, with an average of $998 per month.
In Peoria, the average rent for a 1-bedroom home is $895 per month, for a 2-bedroom home, $1,065 per month, and a 3-bedroom home is $1,433 per month.
The average rent in Peoria is 44.1% ($786) lower than the national average of $1,784 per month.
The average rent in Peoria has increased by 1.4% ($14) in the last month and increased by 15.6% ($135) over the past year.
The rental market in Peoria, IL, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Peoria, IL, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 56 rental properties available in Peoria, IL.
Based on the current averages, a household would need an annual income of $42,600 to comfortably afford a 2-bedroom home in Peoria.
