Cheyenne vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 23% cheaper for renters. A 2-bedroom rents for $736/mo vs $906/mo in Cheyenne — saving $2,040/year.
Rent by Unit Size
| Unit Size | Cheyenne | Peoria | Difference |
|---|---|---|---|
| Studio | $586 | $470 | $116 |
| 1 Bedroom | $741 | $596 | $145 |
| 2 Bedrooms | $906 | $736 | $170 |
| 3 Bedrooms | $1,120 | $870 | $250 |
| 4 Bedrooms | $1,322 | $1,074 | $248 |
| Median Income | $46,984 | $39,404 | $7,580 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/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 Cheyenne or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $906/mo in Cheyenne. That's $170/mo or $2,040/year more expensive in Cheyenne (23% higher).
What is the 2-bedroom rent in Cheyenne vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Cheyenne and Peoria?
The median household income in Cheyenne is $46,984/year. In Peoria it is $39,404/year. Cheyenne has the higher median income.
What is the studio rent in Cheyenne vs Peoria?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Peoria it is $470/mo.