Fort Wayne vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 6% cheaper for renters. A 2-bedroom rents for $736/mo vs $777/mo in Fort Wayne — saving $492/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Peoria | Difference |
|---|---|---|---|
| Studio | $499 | $470 | $29 |
| 1 Bedroom | $639 | $596 | $43 |
| 2 Bedrooms | $777 | $736 | $41 |
| 3 Bedrooms | $969 | $870 | $99 |
| 4 Bedrooms | $1,175 | $1,074 | $101 |
| Median Income | $47,806 | $39,404 | $8,402 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Fort Wayne or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $777/mo in Fort Wayne. That's $41/mo or $492/year more expensive in Fort Wayne (6% higher).
What is the 2-bedroom rent in Fort Wayne vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Fort Wayne and Peoria?
The median household income in Fort Wayne is $47,806/year. In Peoria it is $39,404/year. Fort Wayne has the higher median income.
What is the studio rent in Fort Wayne vs Peoria?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Peoria it is $470/mo.