Palm Bay-Melbourne-Titusville vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 44% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $3,852/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Peoria | Difference |
|---|---|---|---|
| Studio | $712 | $470 | $242 |
| 1 Bedroom | $871 | $596 | $275 |
| 2 Bedrooms | $1,057 | $736 | $321 |
| 3 Bedrooms | $1,335 | $870 | $465 |
| 4 Bedrooms | $1,531 | $1,074 | $457 |
| Median Income | $62,156 | $39,404 | $22,752 |
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/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 Palm Bay-Melbourne-Titusville or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $321/mo or $3,852/year more expensive in Palm Bay-Melbourne-Titusville (44% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Peoria?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Peoria it is $39,404/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Peoria?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Peoria it is $470/mo.