Peoria, Illinois Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated August 23, 2023
Peoria Short-Term Rental Regulations
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Short Term City Rating6.5
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Competition
8.1 -
Real Estate Cost
9.6 -
STR Regulations
N/A -
Seasonality
5.4 -
Rental Rates
2.8
Peoria, Illinois Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 113,150
- STR License Required
- No
- Tourist Season
- County
- Peoria
- Airports
- General Wayne A. Downing Peoria International Airp... (PIA)
- Central Illinois Regional Airport at Bloomington-N... (BMI)
Want to learn more about Peoria?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Peoria rental analytics guide if you're interested in data on the Peoria rental market.
Review the popular activities that hosts include in their property positing in Peoria.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Peoria guests.
Interested in other Illinois cities?
Check out the Illinois Airbnb rules directory
What makes Peoria a great place to invest?
- Peoria Riverfront Museum - This state-of-the-art museum offers a wide range of exhibits on art, science, history, and culture. Visitors can explore galleries, take in a movie at the planetarium, or attend a special event or exhibition.
- Wildlife Prairie Park - Located just outside Peoria, this 1,800-acre park is home to a variety of native Illinois wildlife, including bison, wolves, and bobcats. Visitors can hike through the park's trails, ride a train through the park, or even stay overnight in a cabin or campsite.
- Peoria Heights - This charming village offers a variety of boutique shops, restaurants, and cafes, all within walking distance of one another. Visitors can explore the village's art galleries, sample local cuisine, and take in the stunning views of the Illinois River.
- Peoria Zoo - Home to over 100 species of animals, the Peoria Zoo is a popular destination for families and animal lovers. Visitors can see everything from giraffes and tigers to red pandas and otters, and participate in educational programs and special events.
- Grandview Drive - Known as the "world's most beautiful drive," Grandview Drive offers stunning views of the Illinois River Valley and the Peoria skyline. Visitors can drive or bike along the scenic route, stopping at overlooks and picnic areas along the way.
- Bradley University - This private university is home to a beautiful campus with stunning architecture and historic buildings. Visitors can take a self-guided tour, attend a sporting event or cultural performance, or explore the university's art galleries and museums.
- Forest Park Nature Center - Located in nearby Peoria Heights, this nature center offers hiking trails, educational programs, and exhibits on Illinois wildlife and ecology. Visitors can hike through the park's forests, wetlands, and prairies, and even participate in birdwatching and wildlife spotting.
Peoria Nearby Cities
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65 miles away
- Rating: 7.4
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74 miles away
- Rating: 7.5
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Local Real Estate
How expensive is the real estate in Peoria?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Peoria has increased 20% over the past year, and the average price per square foot is $87, which is lower than the national average.
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Median Sale Price
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$158,399
20% YoY
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Median per Square Foot
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$87
10% YoY
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Average Monthly Rent
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$1,040
0% YoY
Local Short-Term Rental News for Peoria
The most common terms hosts include in their listings for Peoria, Illinois
Common terms for Peoria short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Peoria has a description approximately 1,263 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 328 listings in Peoria, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Peoria, Main, Cozy, Comfortable, Family, Perfect, Smart, Place, Peoria Height, and View.
What are the most popular tourist activities in Peoria?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Peoria involve Wildlife Viewing, Casinos, Boating, Antiquing, and the Zoo. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Wildlife Viewing
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Casinos
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Boating
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Antiquing
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Zoo
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Museums
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Marina
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Hiking
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Adventure Activities
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Swimming
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Cycling
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Winery Tours
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Peoria, including Peoria Civic Center, OSF Saint Francis Medical Center, Bradley University, Par-A-Dice Casino, and Shoppes at Grand Prairie. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Peoria Civic Center
Included on nearly all listings
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Regional Landmark
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OSF Saint Francis Medical Center
Included on nearly all listings
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Regional Landmark
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Bradley University
Included on nearly all listings
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Local Landmark
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Peoria Riverfront Museum
Included on nearly all listings
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Local Landmark
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Methodist Medical Center
Included on nearly all listings
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Regional Landmark
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Par-A-Dice Casino
Included on nearly all listings
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Local Landmark
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Northwoods Mall
Included on nearly all listings
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Regional Landmark
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Shoppes at Grand Prairie
Included on 78% of listings
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Regional Landmark
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Louisville Slugger Sports Complex
Included on 76% of listings
What’s the weather like in Peoria, Illinois?
The weather is generally milder than the national average, with an average high temperature of around 62°, while the average low is about 44°. The rainfall is much heavier, averaging about 31 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 12 inches per year. The humidity levels in Peoria are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
22° Low 37° High
Spring
March through May
44° Low 63° High
Summer
June through August
65° Low 84° High
Fall
September through November
46° Low 64° High
Cities Near Peoria
Peoria, Illinois, is located in Peoria County. Some cities that are located nearby include:
