Rental market snapshot for Peoria, Illinois

Peoria, Illinois Rental Property Market Overview

Peoria, Illinois is a city located in the central part of the state, along the Illinois River. According to the US Census, the population of Peoria in 2021 is 111,666. Peoria is known for its rich history and culture, as well as its vibrant downtown area. The city is home to a variety of attractions, including the Peoria Riverfront Museum, the Peoria Zoo, and the Peoria Civic Center. Peoria is also home to several universities, including Bradley University and Illinois Central College. With its diverse population and many attractions, Peoria is a great place to live and visit.

The average rent for an apartment in Peoria is $756. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -6.0% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Peoria Illinois | Cost of Living

  • The most expensive ZIP Code in Peoria is 61614 with an average price of $1,125
  • The cheapest ZIP Code in Peoria is 61605 with an average price of $529

Peoria ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
161614$1,125
261615$1,115
361603$972
461604$950
561606$595

Live near Peoria, Illinois's Top Sights and Attractions

Glen Oak Park is a large public park located in the heart of Peoria, Illinois. It features a variety of outdoor activities, including a large lake, a playground, a picnic area, and a walking trail. The park also has a variety of sports facilities, including tennis courts, basketball courts, and a baseball diamond. The park is a popular destination for families and visitors alike, offering a peaceful and scenic atmosphere.

Laura Bradley Park is a beautiful outdoor space located in the heart of Peoria. It features a large lake, walking trails, and plenty of green space for picnicking and other outdoor activities. The park also has a playground, a gazebo, and a variety of benches and tables for visitors to enjoy. The park is a great place to spend time with family and friends, and it is a popular spot for locals and visitors alike.

Lakeview Park is a beautiful outdoor attraction located on the banks of the Illinois River. It features a variety of activities, including a large playground, picnic areas, walking trails, and a fishing pier. The park also has a beach area, where visitors can enjoy swimming, sunbathing, and other water activities. There are also several pavilions and shelters available for rent, making it a great spot for family gatherings and special events.

Central Park Pool is a family-friendly outdoor swimming pool located in a large park. It features a zero-depth entry pool, a diving well, a lazy river, a water slide, and a sprayground. The pool is surrounded by a large grassy area with plenty of room for sunbathing and picnicking. There are also several concessions stands and a snack bar. The pool is open during the summer months and offers a variety of swimming lessons and recreational activities.

Donovan Park is a large outdoor recreational area located on the banks of the Illinois River. It features a variety of activities for visitors, including a large playground, walking trails, picnic areas, and a fishing pier. The park also has a boat launch, allowing visitors to explore the river by canoe or kayak. In addition, the park has a large open field, perfect for playing sports or flying kites. The park is also home to a variety of wildlife, including birds, deer, and other animals.

Trailside is a nature center and park located on the banks of the Illinois River. It features a variety of outdoor activities, including hiking, biking, fishing, and bird watching. The park also has a playground, picnic areas, and a nature center with educational programs and exhibits. Visitors can explore the trails and observe the local wildlife, including deer, foxes, and bald eagles. The park is also home to a variety of native plants, including wildflowers, trees, and shrubs.

Charter Oak Park South is a picturesque park located along the banks of the Illinois River. It features a variety of outdoor activities, including a playground, picnic areas, walking trails, and a boat launch. The park also has a large open field, perfect for playing sports or flying kites. In addition, there is a fishing pier and a scenic overlook, offering stunning views of the river and the surrounding area.

Schmoeger Park is a large outdoor recreational area located on the banks of the Illinois River. It features a variety of activities, including a playground, picnic areas, walking trails, and a fishing pier. The park also has a large open grassy area, perfect for playing sports or just relaxing in the sun. The park is a great spot for families to spend the day, with plenty of activities to keep everyone entertained.

Riverplex is an indoor aquatic and recreation center located on the banks of the Illinois River. It features a 50-meter competition pool, a leisure pool with a lazy river, a whirlpool, a water slide, a climbing wall, a fitness center, a gymnasium, and a variety of other activities. The facility also offers a variety of classes, programs, and events for all ages.

Detweiller Park is a large outdoor recreation area located along the Illinois River. It features a variety of activities, including hiking, biking, and picnicking. The park also has a large lake, which is home to a variety of wildlife. There are several playgrounds, a disc golf course, and a large open field for sports and other activities. The park also has a large pavilion and a number of shelters for picnicking and other activities.

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Peoria, Illinois area median rent change by ZIP Code map

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How does Peoria compare to other cities in Illinois ?

citymedian price
Des Plaines$2,215
O'fallon$1,400
Oak Lawn$2,175
Round Lake Beach$2,175
Justice$1,348
Pingree Grove$2,450
Crest Hill$1,695
Peoria$681
Grayslake$1,900

Average household income in Peoria area graph - US Census

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The median household income in Peoria in 2021 was $51,736. This represents a 12.4% change from 2011 when the median was $46,030.

#categorypercent
0Less than $10,00010.7%
1$10,000 to $14,9996.0%
2$15,000 to $19,9995.3%
3$20,000 to $24,9995.4%
4$25,000 to $29,9995.0%
5$30,000 to $34,9994.3%
6$35,000 to $39,9993.7%
7$40,000 to $44,9993.9%
8$45,000 to $49,9994.0%
9$50,000 to $59,9998.5%
10$60,000 to $74,9999.6%
11$75,000 to $99,99910.9%
12$100,000 to $124,9997.3%
13$125,000 to $149,9994.0%
14$150,000 to $199,9996.0%
15$200,000 or more5.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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