Colorado Springs vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 55% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,142/mo in Colorado Springs — saving $4,872/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Peoria | Difference |
|---|---|---|---|
| Studio | $778 | $470 | $308 |
| 1 Bedroom | $959 | $596 | $363 |
| 2 Bedrooms | $1,142 | $736 | $406 |
| 3 Bedrooms | $1,510 | $870 | $640 |
| 4 Bedrooms | $1,677 | $1,074 | $603 |
| Median Income | $70,288 | $39,404 | $30,884 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,142/mo in Colorado Springs. That's $406/mo or $4,872/year more expensive in Colorado Springs (55% higher).
What is the 2-bedroom rent in Colorado Springs vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Colorado Springs and Peoria?
The median household income in Colorado Springs is $70,288/year. In Peoria it is $39,404/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Peoria?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Peoria it is $470/mo.