Find Homes & Apartments for Rent in Peotone, IL

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What to Know About

Life in Peotone & Beyond

Peotone 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

Peotone, IL

As of March 2025, Peotone's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Peotone's average rent is 28.7% ($490) lower than the Illinois average of $1,706 and 32.0% ($572) lower than the U.S. average of $1,788.

Average Rent
$1,216
Monthly ChangeMonth Over Month Change
Increased2.7% ($32)
Yearly ChangeYear Over Year Change
Increased5.6% ($65)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $900 Decreased13.5% ($140) Decreased3.9% ($37)
2 Beds $1,159 Decreased13.4% ($180) Decreased4% ($48)
3 Beds $1,550 Increased3% ($45) Increased14.3% ($194)
Nearby Cities Average Rent Avg. Rent vs. PeotoneAverage Rent vs. Peotone Avg. Days on MarketAverage Days on Market
Bourbonnais $1,673 Increased37.6% ($457) 39 days
Park Forest $1,429 Increased17.5% ($213) 29 days
Richton Park $1,616 Increased32.9% ($400) 29 days
Matteson $2,332 Increased91.8% ($1116) 27 days
University Park $1,615 Increased32.8% ($399) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Peotone Rental Market FAQs

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

The average rent in Peotone, IL is $1,216 per month.
Homes in Peotone typically rent for between $630 and $2,015 per month, with an average of $1,216 per month.
In Peotone, the average rent for a 1-bedroom home is $900 per month, for a 2-bedroom home, $1,159 per month, and a 3-bedroom home is $1,550 per month.
The average rent in Peotone is 32% ($572) lower than the national average of $1,788 per month.
The average rent in Peotone has increased by 2.7% ($32) in the last month and increased by 5.6% ($65) over the past year.
The rental market in Peotone, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Peotone, IL, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Peotone, IL.
Based on the current averages, a household would need an annual income of $46,360 to comfortably afford a 2-bedroom home in Peotone.
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