Cheap homes for sale & real estate in Peoria, IL

403 homes

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ABOUT THIS HOME
Cheap Home for sale in Peoria, IL:
Cute Cottage Perfect For Starter Or Rental. Some Newer Decor. Covered Front Porch. Info Deemed Reliable; But Not Guaranteed. Sold As Is. Can Package With 526 & 602 Fairholm Ave. MLS PA1261181 $38500

$24,500

1 bed1 bath440 sq ft

2408 NE Monroe St, Peoria, IL 61603

3,920 sq ft lot • Built 1920 • Listed 54 days

ABOUT THIS HOME
Cheap Home for sale in Peoria, IL:
Located just off Farmington Road’s popular entertainment district, this 1960’s-built home offers endless potential for renovation or redevelopment. The property features a fully fenced private yard and a prime location near Bradley University, restaurants, and shopping. With solid bones and a layout ready for your vision, this home is ideal for investors, students, or those looking to create their next income-producing property. Whether you restore its mid-century charm or design something brand new, this property is your chance to invest in one of Peoria’s most vibrant areas.

$100,000

2 beds1 bath1,230 sq ft

2112 W Colorado St, West Peoria, IL 61604

0.25 acre lot • 2 garage spots • Built 1964

ABOUT THIS HOME
Cheap Home for sale in Peoria, IL:
Great investment opportunity in Peoria! This 2-bedroom, 1-bath home at 3310 NE Madison Ave offers solid potential for an owner-occupant or investor. The property features a spacious living area, functional kitchen layout, and a 2-stall detached garage—a rare find in this price range. Conveniently located near parks, shopping, and downtown amenities, this home is ready for your personal touch or next rental project.

$39,000

2 beds1 bath970 sq ft

3310 NE Madison Ave, Peoria, IL 61603

Spacious living area • Detached garage • 5,808 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Peoria, IL:
Great investment opportunity in Peoria! This 3-bedroom, 1-bath home at 1710 N Machin Ave offers strong rental or renovation potential. The property features a comfortable floor plan, bright living area, and a 1-stall garage for convenient parking or storage. Located near schools, shopping, and major roadways, this home is a solid addition to any portfolio or a smart choice for an affordable first home.

$35,000

2 beds1 bath1,266 sq ft

1710 N Machin Ave, Peoria, IL 61604

Rental potential • Bright living area • Renovation potential

ABOUT THIS HOME
Cheap Home for sale in Peoria, IL:
Quality is never an accident; it is always the result of high intention, sincere effort, intelligent direction and skillful execution. This historical landmark of a home is an example at that. Close to 3,000 square feet, and features 5 beds and 4 bathrooms, sitting conveniently on a corner lot. 2 stall garage and endless character and potential. Though simpler in style from many Victorian homes of its time, this house still captures the charm and detail of the era. The windows are framed with thick wooden trim, and the facade is varied, with multiple gables and roof peaks. A large front porch stands out, its roof supported by graceful wooden columns topped with finely carved Corinthian-styl

$165,000

5 beds3 baths2,962 sq ft

401 W Armstrong Ave, Peoria, IL 61604

0.27 acre lot • 2 garage spots • Built 1884

Property at 1512 W Millman St, Peoria, IL 61605, 2 beds, 1 bath

$34,999

2 beds1 bath928 sq ft

1512 W Millman St, Peoria, IL 61605

Property at 3808 N Walround Ln, Peoria, IL 61615, 5 beds, 2 baths

$239,900

5 beds2 baths2,748 sq ft

3808 N Walround Ln, Peoria, IL 61615

Property at 2823 W Greenbrier Ln, Peoria, IL 61614, 4 beds, 2 baths

$219,990

4 beds2 baths2,136 sq ft

2823 W Greenbrier Ln, Peoria, IL 61614

Property at 429 E Frye Ave, Peoria, IL 61603, 5 beds, 2 baths

$140,000

5 beds2 baths2,664 sq ft

429 E Frye Ave, Peoria, IL 61603

Property at 1827 N Peoria Ave, Peoria, IL 61603, 3 beds, 2 baths

$68,000

3 beds2 baths1,540 sq ft

1827 N Peoria Ave, Peoria, IL 61603

Property at 1001 SW Adams St #208, Peoria, IL 61602, 2 beds, 2 baths

$299,000

2 beds2 baths1,067 sq ft

1001 SW Adams St #208, Peoria, IL 61602

Property at 735 N Limestone Ln, Peoria, IL 61604, 2 beds, 1 bath

$60,000

2 beds1 bath912 sq ft

735 N Limestone Ln, Peoria, IL 61604

Property at 1001 SW Adams St #206, Peoria, IL 61602, 1 bed, 1 bath

$180,000

1 bed1 bath716 sq ft

1001 SW Adams St #206, Peoria, IL 61602

Property at 502 W Crestwood Dr, Peoria, IL 61614, 3 beds, 2 baths

$199,900

3 beds2 baths1,991 sq ft

502 W Crestwood Dr, Peoria, IL 61614

Property at 8818 N Westpoint Ct, Edwards, IL 61528, 3 beds, 2 baths

$409,900

3 beds2 baths1,817 sq ft

8818 N Westpoint Ct, Edwards, IL 61528

Property at 911 W Russell St, Peoria, IL 61606, 4 beds, 2 baths

$120,000

4 beds2 baths2,628 sq ft

911 W Russell St, Peoria, IL 61606

Property at 7902 N Radnor Rd, Peoria, IL 61615, 3 beds, 2 baths

$239,000

3 beds2 baths2,716 sq ft

7902 N Radnor Rd, Peoria, IL 61615

Property at 7223 N Lakeside Ct #12, Peoria, IL 61614, 2 beds, 1.5 baths

$125,000

2 beds1.5 baths1,437 sq ft

7223 N Lakeside Ct #12, Peoria, IL 61614

Property at 6809 N Frostwood Pkwy #43, Peoria, IL 61615, 1 bed, 1 bath

$49,900

1 bed1 bath568 sq ft

6809 N Frostwood Pkwy #43, Peoria, IL 61615

Property at 401 W Forrest Hill Ave, Peoria, IL 61604, 2 beds, 2 baths

$154,900

2 beds2 baths1,860 sq ft

401 W Forrest Hill Ave, Peoria, IL 61604

Property at 7133 N Terra Vista Dr #3202, Peoria, IL 61614, 2 beds, 1 bath

$79,900

2 beds1 bath816 sq ft

7133 N Terra Vista Dr #3202, Peoria, IL 61614

Property at 7408 N Brittany Park Ct, Peoria, IL 61614, 3 beds, 3 baths

$270,000

3 beds3 baths2,326 sq ft

7408 N Brittany Park Ct, Peoria, IL 61614

Property at 3121 N Isabell Ave, Peoria, IL 61604, 3 beds, 2 baths

$127,000

3 beds2 baths1,250 sq ft

3121 N Isabell Ave, Peoria, IL 61604

Property at 5110 N Martha St, Peoria, IL 61614, 3 beds, 2 baths

$209,900

3 beds2 baths1,757 sq ft

5110 N Martha St, Peoria, IL 61614

Property at 6831 N Frostwood Pkwy, Peoria, IL 61615, 2 beds, 1 bath

$84,990

2 beds1 bath1,023 sq ft

6831 N Frostwood Pkwy, Peoria, IL 61615

Property at 6500 N Queen Frances Ln #6500, Peoria, IL 61615, 4 beds, 3 baths

$345,000

4 beds3 baths2,996 sq ft

6500 N Queen Frances Ln #6500, Peoria, IL 61615

Property at 1637 W Moss Ave, Peoria, IL 61606, 3 beds, 2 baths

$275,000

3 beds2 baths2,495 sq ft

1637 W Moss Ave, Peoria, IL 61606

Property at 817 W Ridge Rd, Peoria, IL 61614, 3 beds, 1 bath

$124,000

3 beds1 bath1,069 sq ft

817 W Ridge Rd, Peoria, IL 61614

Property at 5419 N Renwood Ave, Peoria, IL 61614, 4 beds, 1 bath

$139,900

4 beds1 bath1,380 sq ft

5419 N Renwood Ave, Peoria, IL 61614

Property at 3119 W Willow Knolls Rd Unit 25b, Peoria, IL 61614, 2 beds, 1.5 baths

$79,500

2 beds1.5 baths944 sq ft

3119 W Willow Knolls Rd Unit 25b, Peoria, IL 61614

Property at 10019 N Spring Ln, Peoria, IL 61615, 4 beds, 2.5 baths

$294,900

4 beds2.5 baths2,408 sq ft

10019 N Spring Ln, Peoria, IL 61615

Property at 805 E Behrends Ave, Peoria, IL 61603, 4 beds, 2 baths

$65,400

4 beds2 baths1,554 sq ft

805 E Behrends Ave, Peoria, IL 61603

Property at 1815 S Timber Ct, Peoria, IL 61607, 4 beds, 2 baths

$278,500

4 beds2 baths3,145 sq ft

1815 S Timber Ct, Peoria, IL 61607

Property at 1619 NE Glendale Ave, Peoria, IL 61603, 2 beds, 1 bath

$45,000

2 beds1 bath1,098 sq ft

1619 NE Glendale Ave, Peoria, IL 61603

Property at 2329 W Marquette St, Peoria, IL 61605, 3 beds, 1 bath

$59,990

3 beds1 bath1,108 sq ft

2329 W Marquette St, Peoria, IL 61605

Property at 2217 NE Madison Ave, Peoria, IL 61603, 4 beds, 1 bath

$34,000

4 beds1 bath2,068 sq ft

2217 NE Madison Ave, Peoria, IL 61603

Property at 2804 N Peoria Ave, Peoria, IL 61603, 2 beds, 1 bath

$65,900

2 beds1 bath768 sq ft

2804 N Peoria Ave, Peoria, IL 61603

Property at 1404 NE Glendale Ave, Peoria, IL 61603, 3 beds, 1 bath

$42,900

3 beds1 bath1,292 sq ft

1404 NE Glendale Ave, Peoria, IL 61603

Property at 823 W Nowland Ave, Peoria, IL 61604, 3 beds, 2 baths

$85,000

3 beds2 baths1,200 sq ft

823 W Nowland Ave, Peoria, IL 61604

Property at 609 W Hudson St, Peoria, IL 61604, 3 beds, 1.5 baths

$117,500

3 beds1.5 baths1,372 sq ft

609 W Hudson St, Peoria, IL 61604

Property at 2813 W Marquette St, Peoria, IL 61605, 1 bed, 1 bath

$25,000

1 bed1 bath926 sq ft

2813 W Marquette St, Peoria, IL 61605

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Based on information submitted to the MLS GRID as of Tue Dec 02 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in Peoria

There are currently 403 cheap homes for sale in Peoria at a median listing price of $148K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Peoria stay on the market for 31 days. Popular neighborhoods include Downtown Peoria, Northwest Peoria, Norwood Park, Central Peoria, and North Peoria. This map is refreshed with the newest listings in Peoria every 15 minutes.

In the past month, 161 homes have been sold in Peoria. In addition to houses in Peoria, there were also 63 condos, 1 townhouse, and 17 multi-family units for sale in Peoria last month. Peoria is a minimally walkable city in Peoria County with a Walk Score of 41. Peoria is home to approximately 114,514 people and 76,492 jobs. Find your dream home in Peoria using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Peoria are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Peoria. Our Peoria real estate stats and trends will give you more information about home buying and selling trends in Peoria. If you're looking to sell your home in the Peoria area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Peoria with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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