Merced vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 43% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,055/mo in Merced — saving $3,828/year.
Rent by Unit Size
| Unit Size | Merced | Peoria | Difference |
|---|---|---|---|
| Studio | $696 | $470 | $226 |
| 1 Bedroom | $865 | $596 | $269 |
| 2 Bedrooms | $1,055 | $736 | $319 |
| 3 Bedrooms | $1,328 | $870 | $458 |
| 4 Bedrooms | $1,460 | $1,074 | $386 |
| Median Income | $60,958 | $39,404 | $21,554 |
Merced
- Studio
- $696/mo
- 1 BR
- $865/mo
- 2 BR
- $1,055/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,460/mo
- Median Income
- $60,958/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 Merced or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,055/mo in Merced. That's $319/mo or $3,828/year more expensive in Merced (43% higher).
What is the 2-bedroom rent in Merced vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Merced is $1,055/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Merced and Peoria?
The median household income in Merced is $60,958/year. In Peoria it is $39,404/year. Merced has the higher median income.
What is the studio rent in Merced vs Peoria?
A studio apartment Fair Market Rent in Merced is $696/mo. In Peoria it is $470/mo.