Metro FMR · CBSA 37900 · HUD FY2026

Peoria, IL MSA Fair Market Rent

HUD's FY2026 Fair Market Rent for the Peoria, IL MSA metro area - 15% below the US average.

$818
1-bedroom FMR
$1,039
2-bedroom FMR
+23.4%
YoY change
-15%
vs US avg

The verdict

A 2-bedroom in the Peoria, IL MSA area rents at $1,039 under HUD's FY2026 Fair Market Rent - 12% below the US average, lower than 90% of the 387 metro areas HUD tracks.

#40
most affordable of 387 US metros (2BR)
-12%
vs the US 2-bedroom average
$41,560
income to afford it (30% rule)
+23.4%
1BR change, FY2025→2026

Affordability & income context

Peoria: #40 most affordable nationally · income context

At the metro's ACS median household income of $70,872, this 1-bedroom FMR takes 13.9% of annual income. It is well below the 30% affordability guide for a median-income household.

The 2-bedroom figure places Peoria in the lowest-rent tenth of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 368,011 residents, this is a mid-sized metro benchmark rather than a single-neighborhood rent quote.

Its 2-bedroom FMR is in the lowest national tenth (#40 most affordable of 387 metros), though the household budget still depends on local income.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

Observed renter burden: 41.9% of the 41,477 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from the FY2026 HUD FMR benchmark.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$758/mo

12.8% of median income

1 Bedroom

$818/mo

13.9% of median income

2 Bedroom

$1,039/mo

17.6% of median income

3 Bedroom

$1,346/mo

22.8% of median income

4 Bedroom

$1,449/mo

24.5% of median income

FMR filing desk

CBSA CBSA·37900

Peoria: $818/mo 1BR · #40 of 387 metros (2BR) · FY2026 CBSA 37900

  • CBSA 37900
  • 1BR-FMR $818
  • 2BR-FMR $1,039
  • RANK-MID #40
  • YOY-SURGE +23.4%
  • VSUS-BELOW -15%
  • IN-ST-LOW #2 IL
  • INC-ROOM 14%
  • POP-MAJOR 368K
  • PHOTO-NEAR Bloomington
  • VOUCH-90-110 $736–$900
  • FY-2026 FY2026

Photo-finish peer: Bloomington ($181 1BR gap)

Read with: Understanding rent trends

Where Peoria sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,039 higher than 10% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). This entry sits in this band. $1,200–$1,400: 95 metro areas (25%). Above this entry. $1,400–$1,600: 52 metro areas (13%). Above this entry. $1,600–$1,800: 41 metro areas (11%). Above this entry. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

CBSA 37900

Counties inside Peoria

Across 5 HUD counties in CBSA 37900, 2-bedroom FMRs cluster tightly ($1,039–$1,039, 0% spread), so the metro-wide schedule tracks most constituent counties closely.

Peoria County 2BR $1,039 · 181K Tazewell County 2BR $1,039 · 131K Woodford County 2BR $1,039 · 38K Marshall County 2BR $1,039 · 12K Stark County 2BR $1,039 · 5K

Peoria studio–4BR schedule (FY2026) · 2BR #40 most affordable

1BR $818 (-15% vs US, +23.4% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 37900.

Studio
$758
US avg $893
↑15.0% YoY -15% vs US
1 Bedroom
$818
US avg $959
↑23.4% YoY -15% vs US
2 Bedroom
$1,039
US avg $1,175
↑19.4% YoY -12% vs US
3 Bedroom
$1,346
US avg $1,525
↑12.2% YoY -12% vs US
4 Bedroom
$1,449
US avg $1,756
↑14.5% YoY -17% vs US

How Peoria compares on 1-bedroom rent

1-bedroom FMR vs other IL metro areas

1BR FMR / mo

What this shows Peoria highlighted among 4 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Peoria: out-of-state FMR & burden peers

PlainRent pairs Peoria with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside IL (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside IL

Nearest schedules by 2BR delta (FY2026).

Jonesboro
AR · 2 BR $1,040/mo
Ashtabula County
OH · 2 BR $1,037/mo
Las Cruces
NM · 2 BR $1,042/mo
Callaway County
MO · 2 BR $1,042/mo

Burden % · outside IL

Nearest 2BR FMR ÷ ACS median income (FY2026).

Fargo
ND · 17.7% of income · 2 BR $1,112/mo
Appleton
WI · 17.7% of income · 2 BR $1,236/mo
Cherokee County
KS · 17.5% of income · 2 BR $877/mo
Cape Girardeau
MO · 17.7% of income · 2 BR $992/mo

Peoria: quick answers

What is the average rent in the Peoria, IL MSA metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Peoria, IL MSA is $818 per month. A 2-bedroom is $1,039 and a studio is $758.
How does Peoria, IL MSA rent compare to the national average? ▼
Rent in the Peoria, IL MSA metro area is 15% below the national average. A 1-bedroom costs $818 compared to $959 nationally.
Where does Peoria rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,039 ranks #40 most affordable among 387 US metro areas (the lowest-rent tenth of HUD metro areas).
Do county rents differ inside the Peoria metro area? ▼
Yes. HUD assigns one metro-wide FMR for CBSA 37900, but 5 constituent counties publish their own county FMR schedules spanning $1,039–$1,039 for a 2-bedroom (0% spread). Use county pages for filing at the county level.

Compare Peoria vs Bloomington →

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $818/mo · 1BR IL

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.