Peoria vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 39% cheaper for renters. A 2-bedroom rents for $736/mo vs $1,024/mo in Wilmington — saving $3,456/year.
Rent by Unit Size
| Unit Size | Peoria | Wilmington | Difference |
|---|---|---|---|
| Studio | $470 | $656 | $186 |
| 1 Bedroom | $596 | $838 | $242 |
| 2 Bedrooms | $736 | $1,024 | $288 |
| 3 Bedrooms | $870 | $1,314 | $444 |
| 4 Bedrooms | $1,074 | $1,459 | $385 |
| Median Income | $39,404 | $52,995 | $13,591 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Peoria or Wilmington cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $1,024/mo in Wilmington. That's $288/mo or $3,456/year more expensive in Wilmington (39% higher).
What is the 2-bedroom rent in Peoria vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Peoria is $736/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Peoria and Wilmington?
The median household income in Peoria is $39,404/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Peoria vs Wilmington?
A studio apartment Fair Market Rent in Peoria is $470/mo. In Wilmington it is $656/mo.