Peoria vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 54% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,137/mo in Salem — saving $4,812/year.
Rent by Unit Size
| Unit Size | Peoria | Salem | Difference |
|---|---|---|---|
| Studio | $470 | $741 | $271 |
| 1 Bedroom | $596 | $913 | $317 |
| 2 Bedrooms | $736 | $1,137 | $401 |
| 3 Bedrooms | $870 | $1,411 | $541 |
| 4 Bedrooms | $1,074 | $1,615 | $541 |
| Median Income | $39,404 | $53,953 | $14,549 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Peoria or Salem cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,137/mo in Salem. That's $401/mo or $4,812/year more expensive in Salem (54% higher).
What is the 2-bedroom rent in Peoria vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Peoria is $736/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Peoria and Salem?
The median household income in Peoria is $39,404/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Peoria vs Salem?
A studio apartment Fair Market Rent in Peoria is $470/mo. In Salem it is $741/mo.