Milwaukee-Waukesha vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 28% cheaper for renters. A 2-bedroom rents for $736/mo vs $941/mo in Milwaukee-Waukesha — saving $2,460/year.
Rent by Unit Size
| Unit Size | Milwaukee-Waukesha | Peoria | Difference |
|---|---|---|---|
| Studio | $640 | $470 | $170 |
| 1 Bedroom | $760 | $596 | $164 |
| 2 Bedrooms | $941 | $736 | $205 |
| 3 Bedrooms | $1,181 | $870 | $311 |
| 4 Bedrooms | $1,384 | $1,074 | $310 |
| Median Income | $63,161 | $39,404 | $23,757 |
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/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 Milwaukee-Waukesha or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $941/mo in Milwaukee-Waukesha. That's $205/mo or $2,460/year more expensive in Milwaukee-Waukesha (28% higher).
What is the 2-bedroom rent in Milwaukee-Waukesha vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha is $941/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Milwaukee-Waukesha and Peoria?
The median household income in Milwaukee-Waukesha is $63,161/year. In Peoria it is $39,404/year. Milwaukee-Waukesha has the higher median income.
What is the studio rent in Milwaukee-Waukesha vs Peoria?
A studio apartment Fair Market Rent in Milwaukee-Waukesha is $640/mo. In Peoria it is $470/mo.