Apartments in Franklin School Peoria

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$950
Peoria, IL
2 BR | Available Now
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Wardcliffe
21
$850
Peoria, IL
2 BR | Available Now
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4
$1,100
1616 NE Jefferson Ave Peoria, IL
4 BR | Available Now
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1
$649 - 750
2317 & 2331 W. Martin Luther King Jr. Drive Peoria, IL
1 - 2 BR | Available Now
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7
$675
2405 W Martin Luther King Jr Dr Peoria, IL
1 BR | Available Now
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14
$1,300
Peoria, IL
4 BR | Available Now
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Air Conditioning
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5
$755
Peoria, IL
1 BR | Available Now
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Wardcliffe
7
$875
Peoria, IL
2 BR | Available Now
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Wardcliffe
0
$850
3116 W Alice Ave West Peoria, IL
2 BR | Available Now
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1
$2,200
Peoria, IL
4 BR | Available Now
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$900
2119 W Richwoods Blvd Peoria, IL
2 BR | Available Now
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14
$2,000
Peoria, IL
3 BR | Available Now
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Dishwasher
2
$850
Peoria, IL
2 BR | Available Now
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Wardcliffe
0
$1,000
Peoria Heights, IL
2 BR | Available Now
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3
$1,350
3601 N Kingston Dr Peoria, IL
2 BR | Feb. 5, 2025
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Peoria:
November Rent Report

Welcome to the November 2024 Peoria Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Peoria rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Peoria and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Peoria average rent prices in the chart below.

Monthly Rent Report

$1,400
$1,050
$700
$350
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Peoria Rent Prices Increase From October to November

Peoria rent prices increased over the last month. From October to November, the city experienced a 7.74% increase for the price of a one-bedroom apartment. The rent price for a Peoria one-bedroom apartments currently stands at $1,127.0.

When we take a look at the two-bedroom comparison from October to November, Peoria experienced a 7.83% increase for the price of a two-bedroom apartment. The rent price for a Peoria two-bedroom apartments currently stands at $1,309.0.

November Prices: Peoria vs. Surrounding Areas

Peoria, IL
Pekin, IL
$1,046
$714
$0
$350
$700
$1,050
$1,400
Median 1 BR Rent

Rent Prices in Peoria and Surrounding Areas

Rent prices have increased in Peoria over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Peoria suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Pekin, IL .

  • Rents did not decrease in any of the Peoria suburbs.

  • 1 suburb is currently priced lower than the city of Peoria.

November 2024 Pricing Trends: Peoria vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Peoria, IL
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$1,046
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Peoria Rent Prices More Affordable Than Major Cities

Rent growth in Peoria over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Peoria average rent prices appear to be relatively affordable for local residents.

The price for a Peoria one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Peoria and surrounding area rent prices, take a look at the complete data set below.

Data set for Peoria and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Peoria, IL $1,046.0 13.82% $1,214.0 14.75%
Pekin, IL $714.0 0.14% $892.0 1.83%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.