Madison vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 41% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,038/mo in Madison — saving $3,624/year.
Rent by Unit Size
| Unit Size | Madison | Peoria | Difference |
|---|---|---|---|
| Studio | $676 | $470 | $206 |
| 1 Bedroom | $827 | $596 | $231 |
| 2 Bedrooms | $1,038 | $736 | $302 |
| 3 Bedrooms | $1,222 | $870 | $352 |
| 4 Bedrooms | $1,400 | $1,074 | $326 |
| Median Income | $64,691 | $39,404 | $25,287 |
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/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 Madison or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,038/mo in Madison. That's $302/mo or $3,624/year more expensive in Madison (41% higher).
What is the 2-bedroom rent in Madison vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Madison and Peoria?
The median household income in Madison is $64,691/year. In Peoria it is $39,404/year. Madison has the higher median income.
What is the studio rent in Madison vs Peoria?
A studio apartment Fair Market Rent in Madison is $676/mo. In Peoria it is $470/mo.