Peoria vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 13% cheaper for renters. A 2-bedroom rents for $736/mo vs $835/mo in Rapid City — saving $1,188/year.
Rent by Unit Size
| Unit Size | Peoria | Rapid City | Difference |
|---|---|---|---|
| Studio | $470 | $574 | $104 |
| 1 Bedroom | $596 | $702 | $106 |
| 2 Bedrooms | $736 | $835 | $99 |
| 3 Bedrooms | $870 | $1,106 | $236 |
| 4 Bedrooms | $1,074 | $1,277 | $203 |
| Median Income | $39,404 | $44,904 | $5,500 |
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
Rapid City
- Studio
- $574/mo
- 1 BR
- $702/mo
- 2 BR
- $835/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,277/mo
- Median Income
- $44,904/yr
Frequently Asked Questions
Is Peoria or Rapid City cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $835/mo in Rapid City. That's $99/mo or $1,188/year more expensive in Rapid City (13% higher).
What is the 2-bedroom rent in Peoria vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Peoria is $736/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Peoria and Rapid City?
The median household income in Peoria is $39,404/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Peoria vs Rapid City?
A studio apartment Fair Market Rent in Peoria is $470/mo. In Rapid City it is $574/mo.