Albuquerque vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 30% cheaper for renters. A 2-bedroom rents for $736/mo vs $958/mo in Albuquerque — saving $2,664/year.
Rent by Unit Size
| Unit Size | Albuquerque | Peoria | Difference |
|---|---|---|---|
| Studio | $647 | $470 | $177 |
| 1 Bedroom | $793 | $596 | $197 |
| 2 Bedrooms | $958 | $736 | $222 |
| 3 Bedrooms | $1,161 | $870 | $291 |
| 4 Bedrooms | $1,339 | $1,074 | $265 |
| Median Income | $49,585 | $39,404 | $10,181 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/yr
Peoria
- Studio
- $470/mo
- 1 BR
- $596/mo
- 2 BR
- $736/mo
- 3 BR
- $870/mo
- 4 BR
- $1,074/mo
- Median Income
- $39,404/yr
Frequently Asked Questions
Is Albuquerque or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $958/mo in Albuquerque. That's $222/mo or $2,664/year more expensive in Albuquerque (30% higher).
What is the 2-bedroom rent in Albuquerque vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Albuquerque and Peoria?
The median household income in Albuquerque is $49,585/year. In Peoria it is $39,404/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Peoria?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Peoria it is $470/mo.