Minneapolis-St. Paul-Bloomington vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 48% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $4,260/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Peoria | Difference |
|---|---|---|---|
| Studio | $731 | $470 | $261 |
| 1 Bedroom | $917 | $596 | $321 |
| 2 Bedrooms | $1,091 | $736 | $355 |
| 3 Bedrooms | $1,436 | $870 | $566 |
| 4 Bedrooms | $1,675 | $1,074 | $601 |
| Median Income | $69,491 | $39,404 | $30,087 |
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/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 Minneapolis-St. Paul-Bloomington or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $355/mo or $4,260/year more expensive in Minneapolis-St. Paul-Bloomington (48% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Peoria?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Peoria it is $39,404/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Peoria?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Peoria it is $470/mo.