2-Bedroom Apartment Rent in Peoria, IL
Median asking rent for a 2-bedroom apartment in Peoria, Illinois as of October 2026. That's +17% lower than the citywide median of $1,240 and +38% below the national 2-bedroom median of $1,657.
Income needed for a 2-bedroom in Peoria
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Peoria
Compare Peoria's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Illinois
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Carbondale | $645 |
| 2 | Dixon | $870 |
| 3 | Pekin | $920 |
| 4 | Charleston | $930 |
| 5 | East Peoria | $940 |
| 6 | Quincy | $950 |
| 7 | Peoria Heights | $980 |
| 8 | Rantoul | $980 |
| 9 | Rock Island | $990 |
| 10 | Decatur | $995 |
| 11 | Danville | $1,010 |
| 12 | Moline | $1,010 |
| 13 | Normal | $1,010 |
| 14 | Savoy | $1,010 |
| 15 | Marion | $1,020 |
Most expensive cities for a 2-bedroom in Illinois
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morton Grove | $2,640 |
| 2 | Lake Forest | $2,640 |
| 3 | Deerfield | $2,640 |
| 4 | Wilmette | $2,530 |
| 5 | Buffalo Grove | $2,530 |
| 6 | Highland Park | $2,490 |
| 7 | Plainfield | $2,455 |
| 8 | Naperville | $2,388 |
| 9 | Vernon Hills | $2,380 |
| 10 | Streamwood | $2,380 |
| 11 | Northbrook | $2,370 |
| 12 | Bolingbrook | $2,325 |
| 13 | Romeoville | $2,310 |
| 14 | Elmhurst | $2,310 |
| 15 | Geneva | $2,300 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Peoria.
| City | Distance | 2-Bedroom rent | vs Peoria |
|---|---|---|---|
| Peoria Heights, IL | 4.4 mi | $980 | $-53 (-5%) |
| East Peoria, IL | 6.3 mi | $940 | $-93 (-9%) |
| Pekin, IL | 12.2 mi | $920 | $-113 (-11%) |
| Washington, IL | 14.5 mi | $1,050 | +$17 (+2%) |
| Normal, IL | 47.9 mi | $1,010 | $-23 (-2%) |
| Bloomington, IL | 48.4 mi | $1,085 | +$52 (+5%) |
| Springfield, IL | 63.6 mi | $1,095 | +$62 (+6%) |
| Ottawa, IL | 69.4 mi | $1,080 | +$47 (+5%) |
| Decatur, IL | 72.2 mi | $995 | $-38 (-4%) |
| Dixon, IL | 77.4 mi | $870 | $-163 (-16%) |
| Moline, IL | 79.8 mi | $1,010 | $-23 (-2%) |
| Le Claire, IA | 81.9 mi | $1,100 | +$67 (+6%) |
2-Bedroom rent in Peoria — common questions
How much is a 2-bedroom apartment in Peoria?
As of October 2026, the median 2-bedroom apartment rent in Peoria, Illinois is $1,033 per month. This is +17% below the citywide median of $1,240.
What income do you need to afford a 2-bedroom in Peoria?
Using the standard 30% rent-to-income rule, you would need an annual income of about $41,320 ($3,443/month gross), which works out to roughly $19.87/hour at a full-time job.
Is Peoria expensive for a 2-bedroom compared to the rest of the US?
Peoria's 2-bedroom median of $1,033 is +38% below the national 2-bedroom median of $1,657. It ranks in the 8th percentile of US cities tracked.
How does Peoria rank for 2-bedroom rent in Illinois?
Among the 137 cities in Illinois with 2-bedroom data, Peoria ranks #16 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Peoria?
Yes — nearby cities with cheaper 2-bedroom rents include Peoria Heights ($980), East Peoria ($940), Pekin ($920).