New York-Newark-Jersey City vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 212% cheaper for renters. A 2-bedroom rents for $736/mo vs $2,293/mo in New York-Newark-Jersey City — saving $18,684/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Peoria | Difference |
|---|---|---|---|
| Studio | $1,531 | $470 | $1,061 |
| 1 Bedroom | $1,813 | $596 | $1,217 |
| 2 Bedrooms | $2,293 | $736 | $1,557 |
| 3 Bedrooms | $2,674 | $870 | $1,804 |
| 4 Bedrooms | $3,167 | $1,074 | $2,093 |
| Median Income | $124,777 | $39,404 | $85,373 |
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/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 New York-Newark-Jersey City or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,557/mo or $18,684/year more expensive in New York-Newark-Jersey City (212% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between New York-Newark-Jersey City and Peoria?
The median household income in New York-Newark-Jersey City is $124,777/year. In Peoria it is $39,404/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Peoria?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Peoria it is $470/mo.