We have apartments and houses (all within walking distance to campus) that are zoned to accommodate groups of 1 to 10.
The rent per person per month falls within the $300 to $400 range.
The tenants are responsible for all utilities which include gas, electricity, water, sewer and garbage. You can request a 12 month average bill total for gas and electricity by calling Ameren at 309-672-5252.
All payments should be by check, money order or cashier’s check (no cash) made out to UNIVERSITY PROPERTIES and mailed to:
P.O. BOX 10136
PEORIA, IL 61612
We do have PayPal account that will also allow us to accept payment by credit card. If you are interested in making a payment this way, please contact our office for instructions. FYI – PayPal charges a 3% fee for this service which will have to be added to your amount due.
Most of our leases are start on June 1st and end on May 22. We have a few leases that start on August 1st and run to the end of July. We will occasionally consider a 1 semester lease.
Our student tenants normally pay rent quarterly with a 3 month payment due on June, September, December, and March 1st.
We require a security deposit that is equal to 2 months' rent. The deposit can be paid in 1 lump sum at the lease signing or it can be broken into 2 payments with the 1st half paid at the lease signing and the 2nd half paid in 60 days. The deposit is not applied to any rent but is returned at the end of the lease.
Our apartments and houses are unfurnished but do include appliances (stove/oven, fridge, and free washer and dryer. Some of dishwashers.
We employ a full-time handyman and crew to maintain our properties and grounds. We use an answering service that is available 24/7.
We do not allow any pets in our student rental houses. In addition to the obvious reasons (house damage, smell, fleas and rodents that are attacted, etc.) they create a liability problem for us.