Studio Apartment Rent in Peoria, IL
Median asking rent for a studio apartment in Peoria, Illinois as of August 2026. That's +40% lower than the citywide median of $1,239 and +43% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Peoria
Compare Peoria's median rent across every apartment size.
Cheapest cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Carbondale | $464 |
| 2 | Dixon | $610 |
| 3 | Charleston | $640 |
| 4 | Quincy | $650 |
| 5 | Macomb | $660 |
| 6 | Pekin | $660 |
| 7 | Rock Island | $680 |
| 8 | Danville | $690 |
| 9 | Moline | $700 |
| 10 | Peoria Heights | $700 |
| 11 | Normal | $720 |
| 12 | Peoria (this page) | $738 |
| 13 | Springfield | $750 |
| 14 | Decatur | $760 |
| 15 | Marion | $760 |
Most expensive cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Morton Grove | $2,190 |
| 2 | Deerfield | $2,190 |
| 3 | Barrington | $2,190 |
| 4 | Wilmette | $2,100 |
| 5 | Buffalo Grove | $2,100 |
| 6 | Highland Park | $2,060 |
| 7 | Plainfield | $2,015 |
| 8 | Naperville | $1,978 |
| 9 | Vernon Hills | $1,970 |
| 10 | Streamwood | $1,970 |
| 11 | Northbrook | $1,960 |
| 12 | Bartlett | $1,940 |
| 13 | Bolingbrook | $1,925 |
| 14 | Romeoville | $1,910 |
| 15 | Elmhurst | $1,910 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Peoria.
| City | Distance | Studio rent | vs Peoria |
|---|---|---|---|
| Peoria Heights, IL | 4.4 mi | $700 | $-38 (-5%) |
| Pekin, IL | 12.2 mi | $660 | $-78 (-11%) |
| Normal, IL | 47.9 mi | $720 | $-18 (-2%) |
| Bloomington, IL | 48.4 mi | $770 | +$32 (+4%) |
| Springfield, IL | 63.6 mi | $750 | +$12 (+2%) |
| Ottawa, IL | 69.4 mi | $790 | +$52 (+7%) |
| Chatham, IL | 71.9 mi | $950 | +$212 (+29%) |
| Decatur, IL | 72.2 mi | $760 | +$22 (+3%) |
| Macomb, IL | 72.2 mi | $660 | $-78 (-11%) |
| Dixon, IL | 77.4 mi | $610 | $-128 (-17%) |
| Moline, IL | 79.8 mi | $700 | $-38 (-5%) |
| Bettendorf, IA | 83.1 mi | $830 | +$92 (+12%) |
Studio rent in Peoria — common questions
How much is a studio apartment in Peoria?
As of August 2026, the median studio apartment rent in Peoria, Illinois is $738 per month. This is +40% below the citywide median of $1,239.
What income do you need to afford a studio in Peoria?
Using the standard 30% rent-to-income rule, you would need an annual income of about $29,520 ($2,460/month gross), which works out to roughly $14.19/hour at a full-time job.
Is Peoria expensive for a studio compared to the rest of the US?
Peoria's studio median of $738 is +43% below the national studio median of $1,290. It ranks in the 5th percentile of US cities tracked.
How does Peoria rank for studio rent in Illinois?
Among the 140 cities in Illinois with studio data, Peoria ranks #12 from cheapest to most expensive.
Are there cheaper studio options near Peoria?
Yes — nearby cities with cheaper studio rents include Peoria Heights ($700), Pekin ($660), Normal ($720).