Apartments for rent in Peoria, IL

A mid-sized city in Illinois, Peoria has a population of slightly less than 115,000. The city's residents, at an average age of just over 37, are younger than most cities in Illinois. Renters tend to be in the minority in the area, and 57% of residents own their homes. Renting remains an affordable option, though, as the city boasts a relatively low average rent of $808 per month. Over the course of a year, renters in Peoria will save around $2,900 compared to the state average.

There are three primary industries in Peoria: healthcare, manufacturing, and retail. Combined, these industries account for 21% of the city's workforce. Meanwhile, in terms of job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any profession. With an average annual income of about $63,000, Peoria workers earn about $14,000 less than their peers elsewhere in the state. Peoria's average income also falls below the national average of $73,345. Among residents over the age of 25 in Peoria, 13% possess a Bachelor's degree and 7% have a Master's or Doctoral degree.

Peoria residents have an average commute of about 19 minutes, outperforming the Illinois average of about 32 minutes. Many residents (37%) commute to work by car, while public transit isn't extensively used. Walking isn't a common way to get to work.