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Lake of the Woods is a subdivision of approximately 400 homes in northern Peoria County, Illinois, United States. It lies between the western bluff of the Illinois River valley and Illinois Route 40, near the northern city limits of Peoria. The center of the neighborhood is a man-made lake covering approximately 40 acres (160,000 m2). The neighborhood is governed by a homeowners association.
Created by real estate developer Harold Jenn in the 1960s, Lake of the Woods was at the beginning of a decades-long population shift towards the north in Peoria, a trend that continues today.
The dividing line between Dunlap Community Unit School District 323 and Illinois Valley Central Unit District 321 runs through the subdivision. The subdivision lies within Medina Township, which supplies most of the governmental services.