• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Rent Calculator
English

Language

English Español
Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Pekin, IL

Updated September 2026

The average rent in Pekin, IL is $728/month.

Rent in Pekin is 56% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.

$728/month

Average Rent

575 Sq Ft

Average Size

+3.3%

Change / Year

17

Available Apartments

Pekin rent varies by unit size and layout:

  • Studio apartments in Pekin average $551 per month.
  • One-bedroom apartments in Pekin average $728 per month.
  • Two-bedroom apartments in Pekin average $882 per month.
  • Three-bedroom apartments in Pekin average $1,184 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$551/month
399 Sq Ft
One Bedroom
$728/month
575 Sq Ft
Two Bedroom
$882/month
833 Sq Ft
Three Bedroom
$1,184/month
1,193 Sq Ft
View Pekin Apartments

How much has average rent changed in Pekin, IL?

In the past year, rent has increased by 3.3%, which averages out to $25 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Pekin, IL

September 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Pekin, IL
Percentage*
Rent Range
46% Below $700/month
42% $700 - $1,000/month
4% $1,001 - $1,500/month
8% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Pekin, IL?

Because the average rent in Pekin is $728, you’ll want to make about $2,426 per month or $29,112 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Pekin, IL

17 Available Apartments for Rent

Search for Nearby Apartments

How does Pekin, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Pekin, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • East Peoria

    East Peoria

    Avg Rent: $1,199/month

  • Morton

    Morton

    Avg Rent: $815/month

Apartment Communities in Pekin We Think You'll Love

The Residences at Rosemary Crossing I

The Residences at Rosemary Crossing I

1300 Windflower St,
Pekin, IL 61554

3-4 Beds | $1,620

528 Henrietta

528 Henrietta

528 Henrietta St,
Pekin, IL 61554

1 Bed | $750

Willow Oaks Apartments

Willow Oaks Apartments

1225 Florence Ave,
Pekin, IL 61554

1-2 Beds | $780 - $845

Williamsburg Townhouses

Williamsburg Townhouses

1200 Florence Ave,
Pekin, IL 61554

1-4 Beds | $815 - $1,100

Rental Management, Simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Manage Your Rentals

Guides for Managing Your Rental

The Tax Benefits of Owning a Rental Property

Use landlord tax breaks you might be missing.

Landlord’s Guide to Preparing a Rental Property for a New Tenant

Handle a tenant move-out with a simple checklist.

Should I Increase Rent Every Year?

Raise rent when it makes sense.

How Much Should I Charge for Rent: A Landlord’s Guide

Price rent to earn more and keep showings coming.

Explore Rental Manager Resources

Frequently Asked Questions

What is the average rent in Pekin?

The average rent in Pekin is $728 per month, which is 56.3% lower than the national average of $1,665.

Are rents going up or down in Pekin?

Rents in Pekin, IL are increasing, with prices up 3.3% year-over-year and $25 more per month.

What rent range is most common in Pekin?

In Pekin, IL, 46% of apartments fall below $700/month, though prices may vary depending on location and other factors.

United States Illinois Pekin Rental Trends

Methodology

† 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 September 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.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity