Billings vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 24% cheaper for renters. A 2-bedroom rents for $736/mo vs $913/mo in Billings — saving $2,124/year.
Rent by Unit Size
| Unit Size | Billings | Peoria | Difference |
|---|---|---|---|
| Studio | $613 | $470 | $143 |
| 1 Bedroom | $724 | $596 | $128 |
| 2 Bedrooms | $913 | $736 | $177 |
| 3 Bedrooms | $1,136 | $870 | $266 |
| 4 Bedrooms | $1,214 | $1,074 | $140 |
| Median Income | $47,175 | $39,404 | $7,771 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/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 Billings or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $913/mo in Billings. That's $177/mo or $2,124/year more expensive in Billings (24% higher).
What is the 2-bedroom rent in Billings vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Billings and Peoria?
The median household income in Billings is $47,175/year. In Peoria it is $39,404/year. Billings has the higher median income.
What is the studio rent in Billings vs Peoria?
A studio apartment Fair Market Rent in Billings is $613/mo. In Peoria it is $470/mo.