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RentData.org Logo Peoria Fair Market Rent FY 2018 Peoria, IL MSA Rental Data

Fair Market Rent Prices in Peoria, IL :
$549 $610 $778 $994 $1,128
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Peoria are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Peoria is $778 per month.

The previous year, rent for a two-bedroom home was $775 per month. This is a 0.39% increase year-over-year.

This FMR rate applies to Rome, IL, Camp Grove, IL, Castleton, IL, Laura, IL, Speer, IL, Kingston Mines, IL, La Rose, IL, Mossville, IL, Magnolia, IL, Lowpoint, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO37900M37900.

Additionally, This Fair Market Rent (FMR) area Peoria, IL MSA spans five counties or cities in which ares listed in the table below. Estimated population of Peoria, IL MSA FMR area is 379,186 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Peoria. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Peoria

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 581
1-BR 1-Bedroom $ 646
2-BR 2-Bedroom $ 824
3-BR 3-Bedroom $ 1053
4-BR 4-Bedroom $ 1195
Change Year:

The counties, cities, towns, and regions listed below fall into the Peoria, IL MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Peoria - Bloomington.

County / Region Est. Population
Marshall County, IL Metro 12,640
Peoria County, IL Metro 186,494
Stark County, IL Metro 5,994
Tazewell County, IL Metro 135,394
Woodford County, IL Metro 38,664
Zip Codes in Peoria, IL MSA

There are 76 unique zip codes in this Fair Market Rent (FMR) area:

61336, 61369, 61375, 61424, 61426, 61451, 61479, 61483, 61491, 61516, 61517, 61523, 61525, 61526, 61528, 61530, 61535, 61536, 61537, 61539, 61540, 61541, 61545, 61547, 61548, 61550, 61552, 61554, 61555, 61558, 61559, 61561, 61562, 61564, 61565, 61568, 61570, 61571, 61601, 61602, 61603, 61604, 61605, 61606, 61607, 61610, 61611, 61612, 61613, 61614, 61615, 61616, 61625, 61629, 61630, 61633, 61634, 61635, 61636, 61637, 61638, 61639, 61641, 61643, 61651, 61652, 61653, 61654, 61655, 61656, 61733, 61734, 61742, 61747, 61760 and 61771

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