Lincoln vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 13% cheaper for renters. A 2-bedroom rents for $736/mo vs $835/mo in Lincoln — saving $1,188/year.
Rent by Unit Size
| Unit Size | Lincoln | Peoria | Difference |
|---|---|---|---|
| Studio | $561 | $470 | $91 |
| 1 Bedroom | $685 | $596 | $89 |
| 2 Bedrooms | $835 | $736 | $99 |
| 3 Bedrooms | $1,007 | $870 | $137 |
| 4 Bedrooms | $1,216 | $1,074 | $142 |
| Median Income | $40,210 | $39,404 | $806 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/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 Lincoln or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $835/mo in Lincoln. That's $99/mo or $1,188/year more expensive in Lincoln (13% higher).
What is the 2-bedroom rent in Lincoln vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Lincoln and Peoria?
The median household income in Lincoln is $40,210/year. In Peoria it is $39,404/year. Lincoln has the higher median income.
What is the studio rent in Lincoln vs Peoria?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Peoria it is $470/mo.