Nordic Villa Apartments
3120 W Willow Knolls Dr,
Peoria, IL 61614
1-2 Beds | $825 - $925
$909/month
Average Rent
690 Sq Ft
Average Apartment Size
+2.5%
Increase in the Last Year
As of January 2025, the average rent in Peoria, IL is $909 per month. This is 41% lower than the national average rent of $1,552/month, making renting in Peoria more affordable than most cities in the US. When you rent an apartment in Peoria, you can expect to pay about $845 per month for a studio, $909 for a one-bedroom apartment, and around $1,113 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,295 or more.
In the past year, rent has increased by 2.5%, which averages out to $23 more per month.
Based on current rent prices, West Peoria, North Peoria and Downtown Peoria are the most affordable neighborhoods in Peoria.
Based on current rent prices, Downtown Peoria, North Peoria and West Peoria are the most expensive neighborhoods in Peoria.
The neighborhoods in Peoria with the most apartments available are North Peoria, West Peoria and Downtown Peoria .
Because the average rent in Peoria is $909, you’ll want to make about $3,030 per month or $36,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Use the tool below to compare Peoria, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
20
Communities
1,270
Units
3
Cities
11
Communities
825
Units
5
Cities
140
Communities
70,877
Units
86
Cities
42
Communities
8,389
Units
26
Cities
42
Communities
6,531
Units
18
Cities
28
Communities
3,742
Units
12
Cities
176
Communities
13,838
Units
114
Cities
30
Communities
3,139
Units
27
Cities
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.