Find Homes & Apartments for Rent in Pekin, IL

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What to Know About

Life in Pekin & Beyond

Pekin shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Pekin, IL

As of March 2025, Pekin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Pekin's average rent is 59.1% ($1,009) lower than the Illinois average of $1,706 and 61.0% ($1,091) lower than the U.S. average of $1,788.

Average Rent
$697
Monthly ChangeMonth Over Month Change
Decreased7.7% ($58)
Yearly ChangeYear Over Year Change
Decreased29% ($285)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $544 Decreased16% ($104) Decreased38.1% ($335)
2 Beds $700 Decreased5.3% ($39) Decreased38.2% ($432)
3 Beds $787 Decreased10.1% ($88) Decreased38.2% ($486)
Nearby Cities Average Rent Avg. Rent vs. PekinAverage Rent vs. Pekin Avg. Days on MarketAverage Days on Market
Peoria $932 Increased33.7% ($235) 41 days
East Peoria $992 Increased42.3% ($295) 39 days
Washington $1,310 Increased87.9% ($613) 38 days
Elmwood $1,133 Increased62.6% ($436) 70 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Pekin Rental Market FAQs

Explore rental prices, market trends, and availability in Pekin, IL.

The average rent in Pekin, IL is $697 per month.
Homes in Pekin typically rent for between $600 and $1,023 per month, with an average of $697 per month.
In Pekin, the average rent for a 1-bedroom home is $544 per month, for a 2-bedroom home, $700 per month, and a 3-bedroom home is $787 per month.
The average rent in Pekin is 61% ($1,091) lower than the national average of $1,788 per month.
The average rent in Pekin has decreased by 7.7% ($58) in the last month and decreased by 29.0% ($285) over the past year.
The rental market in Pekin, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Pekin, IL, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 5 rental properties available in Pekin, IL.
Based on the current averages, a household would need an annual income of $28,000 to comfortably afford a 2-bedroom home in Pekin.
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