Lexington-Fayette 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 Lexington-Fayette — saving $2,124/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Peoria | Difference |
|---|---|---|---|
| Studio | $595 | $470 | $125 |
| 1 Bedroom | $719 | $596 | $123 |
| 2 Bedrooms | $913 | $736 | $177 |
| 3 Bedrooms | $1,047 | $870 | $177 |
| 4 Bedrooms | $1,300 | $1,074 | $226 |
| Median Income | $47,838 | $39,404 | $8,434 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $913/mo in Lexington-Fayette. That's $177/mo or $2,124/year more expensive in Lexington-Fayette (24% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Lexington-Fayette and Peoria?
The median household income in Lexington-Fayette is $47,838/year. In Peoria it is $39,404/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lexington-Fayette vs Peoria?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Peoria it is $470/mo.