This City Has Been Named the Cheapest Place to Live in Peoria, Illinois

A multitude of villages and neighborhoods are available in Peoria, Illinois, which is tucked away along the Illinois River and appeals to people looking for cheaper housing.

Affordable housing options are available in these Peoria neighborhoods without sacrificing access to the community or necessary utilities. These communities are known for being reasonably priced, but when choosing a place to live, it’s important to take other aspects like safety, school districts, and service accessibility into account in addition to price.

Top 5 Cheapest Places to Live in Peoria, Illinois

Known for their affordability, these five Peoria neighborhoods are ideal for families, young professionals, or students trying to make ends meet without sacrificing quality of life:

1. East Bluff

This community, which is close to Peoria’s downtown, has reasonably priced apartments and single-family home alternatives available. If you’re on a tight budget, this neighborhood appeals to you and your family because it’s close to parks, attractions, and universities like Bradley University.

2. South Peoria

This City Has Been Named the Cheapest Place to Live in Peoria, Illinois (1)

Renters and those looking for reasonably priced homes might find economical housing options in South Peoria. Budget-conscious travelers will find South Peoria to be a desirable option because of its affordable housing costs, accessible local shops, and diversified population.

3. The North Valley

Read More: This City Has Been Named as Oklahoma’s Worst City to Live in

The North Valley, which lies to the north of the city center, offers a variety of residential properties at affordable housing prices. Despite having easy access to the city’s services and main thoroughfares, this neighborhood maintains a more tranquil suburban feel.

4. West Peoria

Several options are available in this area, which is well-known for its inexpensive housing market. These include historic homes and reasonably priced apartments. Thanks to its proximity to parks, schools, and commercial complexes, the region is highly praised for its sense of community.

5. Near Northside

In proximity to Peoria’s downtown, the Northside area offers a variety of reasonably priced residences and rental units. The affordable choice is appealing to those on a tight budget because residents have easy access to public transportation, local businesses, and recreational activities.


For those looking for reasonably priced home options, Peoria as a whole has a lot to offer individuals or families. Finding the best-suited region that fits your goals in terms of affordability and lifestyle will require careful study, neighborhood visits, consultations with local real estate agents, and the use of community resources.

One may lead a happy and satisfying existence in Peoria while maintaining affordability. This gives people access to the city’s numerous amenities and a sense of community.

We would like to remind you that living expenses and affordability are subject to change, therefore it is best to look at more than just housing costs while making your decision. The availability of jobs, the quality of life overall, and the available transit systems may be additional factors.

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