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City Report · IL

East Peoria

Pop. 22,324·132nd most expensive in Illinois·One of the most affordable rental markets in the US
Median rent (all units)
$1,000/mo
Year-over-Year
Stable
Month-over-Month
-24.5%
vs US Median
-$965
Falling (Monthly)
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Most AffordableMost Expensive
East Peoria · $1,000
More affordable than 98% of US cities · National median $1,965/mo
Affordability
17% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,000/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$40,000/yr
Local median income
$71,833/yr
Based on the 30%-of-income rule using East Peoria's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$670
1 BR
$740
2 BR
$940
3 BR
$1,220
4 BR+
$1,280
Research median
$940/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$12,000/yr
At $1,000/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -24.5% MoM), not inventory.
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Demographics

Who lives here

East Peoria, IL is majority owner-occupied, has a large retiree population, 25.2% of residents hold a bachelor's degree or higher.

Population
22,324
Median income
$71,833
Median age
42.6
Renters
24.3%
Age distribution
18.6%
20.8%
25.9%
14%
20.7%
Under 1818.6%
18–3420.8%
35–5425.9%
55–6414%
65+20.7%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
92.3%
White92.3%
Black1.3%
Hispanic3.8%
Asian1.2%
Other1.5%
Education (25+)
30%
38.5%
25.2%
No HS diploma6.3%
HS diploma30%
Some college38.5%
Bachelor's+25.2%
Housing tenure
75.7%
24.3%
Owner75.7%
Renter24.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How East Peoria, IL has changed in 5 years

Income
$68,246 → $71,833
up 5.3%
Population
22,707 → 22,324
down 1.7%
Renter share
27.4% → 24.3%
-3.1 pts
Bachelor's+
26.8% → 25.2%
-1.6 pts
Median age
41.9 → 42.6
+0.7 yrs

Local incomes tracked alongside that move, going from a median of $68,246 in 2021 to $71,833 more recently. Headcount in the area went from 22,707 to 22,324 between 2021 and 2024, a 1.7% change. About 24.3% of households rent today, against 27.4% in 2021.

Community

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View East Peoria rent history (2015–2026) →
Salary vs rent

Can you afford rent in East Peoria on your salary?

At $1,000/mo, how East Peoria rent compares to typical pay (30% rule).

By apartment size

East Peoria rent by bedroom count

Median rent for each apartment size in East Peoria. Click any size for full breakdown.

Local insights

Tips for renters in East Peoria

About renting in East Peoria, IL

Last updated: June 22, 2026

The median rent in East Peoria is $1,000/mo as of June 2026. A studio apartment averages $670/mo while a 2-bedroom runs $940/mo. One-bedroom apartments average $740/mo and 3-bedroom units go for $1,220/mo.

At 17% of local median household income ($71,833/yr), East Peoria ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is East Peoria an affordable city for renters?

East Peoria is considered very affordable for renters. At $1,000/mo, rent takes approximately 17% of the local median household income ($71,833/yr). The standard benchmark is 30%. East Peoria falls comfortably within that range.

How much income do you need to rent in East Peoria?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $1,000/mo in East Peoria. The local median household income is $71,833/yr, meaning the typical East Peoria household meets that threshold.

Is rent going up or down in East Peoria?

Rent in East Peoria has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does East Peoria rent compare to other cities in Illinois?

East Peoria is one of the more affordable cities in Illinois for rent, ranking #132 out of 140 tracked cities at $1,000/mo.

Which nearby cities are cheaper to rent in than East Peoria?

Pekin is nearby and more affordable at $843/mo, which is $157 less than East Peoria.

What percentage of East Peoria residents rent vs. own?

According to Census data, approximately 24.3% of East Peoria households are renters, while 75.7% are owner-occupied. East Peoria leans toward homeownership, which can mean a smaller rental inventory.

How does East Peoria rent compare to the national average?

East Peoria's median rent of $1,000/mo is $965 (49%) below the US national median of $1,965/mo. Within Illinois, it ranks #132 out of 140 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $1,000/mo, rent takes ~17% of East Peoria's median household income ($71,833/yr). The standard benchmark is 30%.

East Peoria 17%Benchmark 30%
State income tax4.95%
Run the East Peoria affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near East Peoria, IL

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