Cedar Rapids vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 9% cheaper for renters. A 2-bedroom rents for $736/mo vs $800/mo in Cedar Rapids — saving $768/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Peoria | Difference |
|---|---|---|---|
| Studio | $530 | $470 | $60 |
| 1 Bedroom | $637 | $596 | $41 |
| 2 Bedrooms | $800 | $736 | $64 |
| 3 Bedrooms | $966 | $870 | $96 |
| 4 Bedrooms | $1,168 | $1,074 | $94 |
| Median Income | $45,870 | $39,404 | $6,466 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/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 Cedar Rapids or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $800/mo in Cedar Rapids. That's $64/mo or $768/year more expensive in Cedar Rapids (9% higher).
What is the 2-bedroom rent in Cedar Rapids vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Cedar Rapids and Peoria?
The median household income in Cedar Rapids is $45,870/year. In Peoria it is $39,404/year. Cedar Rapids has the higher median income.
What is the studio rent in Cedar Rapids vs Peoria?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Peoria it is $470/mo.