Peoria vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 39% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,021/mo in Richmond — saving $3,420/year.
Rent by Unit Size
| Unit Size | Peoria | Richmond | Difference |
|---|---|---|---|
| Studio | $470 | $669 | $199 |
| 1 Bedroom | $596 | $842 | $246 |
| 2 Bedrooms | $736 | $1,021 | $285 |
| 3 Bedrooms | $870 | $1,317 | $447 |
| 4 Bedrooms | $1,074 | $1,453 | $379 |
| Median Income | $39,404 | $69,914 | $30,510 |
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
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Peoria or Richmond cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,021/mo in Richmond. That's $285/mo or $3,420/year more expensive in Richmond (39% higher).
What is the 2-bedroom rent in Peoria vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Peoria is $736/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Peoria and Richmond?
The median household income in Peoria is $39,404/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Peoria vs Richmond?
A studio apartment Fair Market Rent in Peoria is $470/mo. In Richmond it is $669/mo.