Knoxville vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 14% cheaper for renters. A 2-bedroom rents for $736/mo vs $836/mo in Knoxville — saving $1,200/year.
Rent by Unit Size
| Unit Size | Knoxville | Peoria | Difference |
|---|---|---|---|
| Studio | $566 | $470 | $96 |
| 1 Bedroom | $693 | $596 | $97 |
| 2 Bedrooms | $836 | $736 | $100 |
| 3 Bedrooms | $1,106 | $870 | $236 |
| 4 Bedrooms | $1,220 | $1,074 | $146 |
| Median Income | $54,020 | $39,404 | $14,616 |
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/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 Knoxville or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $836/mo in Knoxville. That's $100/mo or $1,200/year more expensive in Knoxville (14% higher).
What is the 2-bedroom rent in Knoxville vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Knoxville and Peoria?
The median household income in Knoxville is $54,020/year. In Peoria it is $39,404/year. Knoxville has the higher median income.
What is the studio rent in Knoxville vs Peoria?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Peoria it is $470/mo.