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City Report · IL

Peoria Heights

Pop. 5,825·122nd most expensive in Illinois·One of the most affordable rental markets in the US
Median rent (all units)
$1,161/mo
Year-over-Year
Stable
Month-over-Month
-26.5%
vs US Median
-$804
Falling (Monthly)
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Most AffordableMost Expensive
Peoria Heights · $1,161
More affordable than 94% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,161/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$46,000/yr
Local median income
$60,099/yr
Based on the 30%-of-income rule using Peoria Heights's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$700
1 BR
$770
2 BR
$980
3 BR
$1,270
4 BR+
$1,330
Research median
$980/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
$13,932/yr
At $1,161/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, -26.5% MoM), not inventory.
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Demographics

Who lives here

Peoria Heights, IL is majority owner-occupied, has a median income below the national average, 29.2% of residents hold a bachelor's degree or higher.

Population
5,825
Median income
$60,099
Median age
41.1
Renters
33.6%
Age distribution
20.1%
19.5%
26.8%
15.3%
18.2%
Under 1820.1%
18–3419.5%
35–5426.8%
55–6415.3%
65+18.2%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
84.6%
White84.6%
Black6.3%
Hispanic2.7%
Asian1.9%
Other4.5%
Education (25+)
31%
34.7%
29.2%
No HS diploma5.1%
HS diploma31%
Some college34.7%
Bachelor's+29.2%
Housing tenure
66.4%
33.6%
Owner66.4%
Renter33.6%

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

2021 vs 2026

How Peoria Heights, IL has changed in 5 years

Income
$51,826 → $60,099
up 16.0%
Population
5,940 → 5,825
down 1.9%
Renter share
40.3% → 33.6%
-6.7 pts
Bachelor's+
26.4% → 29.2%
+2.8 pts
Median age
40.4 → 41.1
+0.7 yrs

Census figures show median household income at $60,099 today, compared with $51,826 five years earlier. Census counts show Peoria Heights, IL losing about 115 residents over the five-year window, down 1.9% on net. The renter share has eased from 40.3% to 33.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 26.4% to 29.2% across the same window.

Community

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

Can you afford rent in Peoria Heights on your salary?

At $1,161/mo, how Peoria Heights rent compares to typical pay (30% rule).

By apartment size

Peoria Heights rent by bedroom count

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

Local insights

Tips for renters in Peoria Heights

About renting in Peoria Heights, IL

Last updated: June 22, 2026

The median rent in Peoria Heights is $1,161/mo as of June 2026. A studio apartment averages $700/mo while a 2-bedroom runs $980/mo. One-bedroom apartments average $770/mo and 3-bedroom units go for $1,270/mo.

At 23% of local median household income ($60,099/yr), Peoria Heights ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Peoria Heights an affordable city for renters?

Peoria Heights is considered very affordable for renters. At $1,161/mo, rent takes approximately 23% of the local median household income ($60,099/yr). The standard benchmark is 30%. Peoria Heights falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (~$22/hour full-time) to afford the median rent of $1,161/mo in Peoria Heights. The local median household income is $60,099/yr, meaning the typical Peoria Heights household meets that threshold.

Is rent going up or down in Peoria Heights?

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

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

Peoria Heights is one of the more affordable cities in Illinois for rent, ranking #122 out of 140 tracked cities at $1,161/mo.

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

Several nearby cities have lower median rents than Peoria Heights ($1,161/mo): Pekin ($843/mo), East Peoria ($1,000/mo).

What percentage of Peoria Heights residents rent vs. own?

According to Census data, approximately 33.6% of Peoria Heights households are renters, while 66.4% are owner-occupied. Peoria Heights leans toward homeownership, which can mean a smaller rental inventory.

How does Peoria Heights rent compare to the national average?

Peoria Heights's median rent of $1,161/mo is $804 (41%) below the US national median of $1,965/mo. Within Illinois, it ranks #122 out of 140 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,161/mo, rent takes ~23% of Peoria Heights's median household income ($60,099/yr). The standard benchmark is 30%.

Peoria Heights 23%Benchmark 30%
State income tax4.95%
Run the Peoria Heights affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Peoria Heights, IL

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