Rent in Peoria, IL
Across Peoria's 28 ZIP codes, a 2-bedroom typically rents for about $1,212 a month, with figures from $917–$1,483. The highest typical rent is in 61602 ($1,483) and the lowest in 61603 ($917). 8 ZIPs have ZIP-level figures from HUD or Census; the other 20 use the county Fair Market Rent. Owner-occupied homes in Peoria County pay about 2.24% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $915 | $862–$1,115 | 28 |
| 1 bed | $961 | $460–$1,177 | 28 |
| 2 beds | $1,212 | $917–$1,483 | 28 |
| 3 beds | $1,557 | $1,044–$1,557 | 28 |
| 4 beds | $1,710 | $1,313–$1,710 | 28 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Peoria ZIP codes
2 beds- 61601$1,212
- 61602$1,212–$1,483
- 61603$917–$1,212
- 61604$1,002–$1,212
- 61605$922–$1,212
- 61606$982–$1,212
- 61607$1,114–$1,212
- 61612$1,212
- 61613$1,212
- 61614$1,145–$1,212
- 61615$1,212–$1,276
- 61625$1,212
- 61629$1,212
- 61630$1,212
- 61633$1,212
- 61634$1,212
- 61636$1,212
- 61637$1,212
- 61638$1,212
- 61639$1,212
- 61641$1,212
- 61643$1,212
- 61651$1,212
- 61652$1,212
- 61653$1,212
- 61654$1,212
- 61655$1,212
- 61656$1,212
Frequently asked questions
- What is the average rent for a 2-bedroom in Peoria, IL?
- About $1,212 a month: the median of the typical rents in 28 ZIP codes, which range from $917–$1,483. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Peoria, IL?
- About $961 a month: the median of the typical rents in 28 ZIP codes, which range from $460–$1,177. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Peoria, IL?
- About $1,557 a month: the median of the typical rents in 28 ZIP codes, which range from $1,044–$1,557. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Peoria, IL?
- About $915 a month: the median of the typical rents in 28 ZIP codes, which range from $862–$1,115. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Peoria, IL?
- About $1,710 a month: the median of the typical rents in 28 ZIP codes, which range from $1,313–$1,710. Figures are gross rent (rent plus tenant-paid utilities).
- Which Peoria ZIP code has the highest rent?
- For a 2-bedroom, 61602 has the highest typical rent at $1,483 a month, and 61603 the lowest at $917.
- What is the property tax rate in Peoria, IL?
- Owner-occupied homes in Peoria County pay a typical 2.24% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Peoria rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).