Median Age
37 Years
Largest Age Group
20-29 Years
Approximately 14% of Residents
Under 20
26%
Over 65
18%
Avg Rent
$1,022
Population
113,764
Renter Mix
46% Rent
Welcome to Peoria, Illinois, a historic riverside community along the Illinois River. From downtown apartments to single-family homes in the West Bluff Historic District, Peoria offers diverse housing options for renters. Currently, one-bedroom apartments rent for around $927, with two-bedroom units averaging $1,181 and three-bedroom options at approximately $1,272 per month. Annual rent increases average 1.4%. Notable residential areas include Dunlap, the Moss-Bradley district near Bradley University, and Northwest Peoria near The Shoppes at Grand Prairie.
Peoria combines city living with natural surroundings, highlighted by Grandview Drive's sweeping views of the Illinois River valley. The city maintains 9,000 acres of parks, including Forest Park Nature Center's hiking trails and Glen Oak Park, which features the Peoria Zoo and Luthy Botanical Garden. Downtown, residents enjoy entertainment at the Peoria Civic Center and can explore the Peoria Riverfront Museum. The city serves as a major healthcare hub with three hospitals, while Bradley University enriches the community with educational and cultural opportunities. As a nod to local history, Peoria earned fame as the "Whiskey Capital of the World" in the 19th century, with its numerous distilleries contributing significantly to Civil War-era tax revenue.
Tutor style large homes are popular within the historic district of West Bluff.
At Donovan Park in North Peoria, residents enjoy walking their dogs in the early morning.
Enjoy a relaxing bike ride along the waterfront at Riverfront Park.
Median Household Income
$52,322
Average: $75,690
Education
31,420
Residents Have a Degree
Job Market
50,353
Workers Employed
Median Age
37 Years
Largest Age Group
20-29 Years
Approximately 14% of Residents
Under 20
26%
Over 65
18%
Housing Distribution
Peoria has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Peoria, IL is $864 for a studio, $1,022 for one bedroom, $1,240 for two bedrooms, and $1,295 for three bedrooms. Apartment rent in Peoria has increased by 3.1% in the past year.
The cost of living in Peoria, IL is 4.3% lower than the national average. Generally, housing in Peoria is 18.3% less expensive than the national average, with rent falling between $864 - $1,295. You can expect to pay 0.3% less for groceries, 3.7% more for utilities, and 4.4% more for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Peoria, IL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Somewhat Bikeable
Bikeability
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.