Fargo 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 Fargo — saving $2,124/year.
Rent by Unit Size
| Unit Size | Fargo | Peoria | Difference |
|---|---|---|---|
| Studio | $577 | $470 | $107 |
| 1 Bedroom | $717 | $596 | $121 |
| 2 Bedrooms | $913 | $736 | $177 |
| 3 Bedrooms | $1,145 | $870 | $275 |
| 4 Bedrooms | $1,249 | $1,074 | $175 |
| Median Income | $45,978 | $39,404 | $6,574 |
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/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 Fargo or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $913/mo in Fargo. That's $177/mo or $2,124/year more expensive in Fargo (24% higher).
What is the 2-bedroom rent in Fargo vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Fargo and Peoria?
The median household income in Fargo is $45,978/year. In Peoria it is $39,404/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Peoria?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Peoria it is $470/mo.