Chicago-Naperville-Elgin vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 66% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $5,832/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Peoria | Difference |
|---|---|---|---|
| Studio | $849 | $470 | $379 |
| 1 Bedroom | $1,023 | $596 | $427 |
| 2 Bedrooms | $1,222 | $736 | $486 |
| 3 Bedrooms | $1,528 | $870 | $658 |
| 4 Bedrooms | $1,886 | $1,074 | $812 |
| Median Income | $79,852 | $39,404 | $40,448 |
Chicago-Naperville-Elgin
- Studio
- $849/mo
- 1 BR
- $1,023/mo
- 2 BR
- $1,222/mo
- 3 BR
- $1,528/mo
- 4 BR
- $1,886/mo
- Median Income
- $79,852/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 Chicago-Naperville-Elgin or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $486/mo or $5,832/year more expensive in Chicago-Naperville-Elgin (66% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Chicago-Naperville-Elgin and Peoria?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Peoria it is $39,404/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Peoria?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Peoria it is $470/mo.