Peoria County, IL Fair Market Rent
2026 HUD Fair Market Rents for Peoria County, IL. Population: 51,493. Median household income: $61,594/year.
Fair Market Rent by Bedroom Size
Studio$755/mo
1 Bedroom$904/mo
2 Bedroom$1,129/mo
3 Bedroom$1,340/mo
4 Bedroom$1,649/mo
Rent Affordability Analysis
Median Income
$61,594/yr
Affordable Rent (30% Rule)
$1,540/mo
Rent Burden
22.0%
Income Needed to Rent
| Unit Size | Monthly FMR | Annual Rent | Income Needed (30% Rule) |
|---|---|---|---|
| Studio | $755 | $9,060 | $30,200/yr |
| 1 Bedroom | $904 | $10,848 | $36,160/yr |
| 2 Bedroom | $1,129 | $13,548 | $45,160/yr |
| 3 Bedroom | $1,340 | $16,080 | $53,600/yr |
| 4 Bedroom | $1,649 | $19,788 | $65,960/yr |
Frequently Asked Questions
What is the fair market rent in Peoria County, IL?
The 2026 HUD Fair Market Rent for a 2-bedroom in Peoria County is $1,129/month. Studio: $755, 1BR: $904, 3BR: $1,340, 4BR: $1,649.
What is the rent burden in Peoria County?
Rent burden in Peoria County is 22.0% of median household income ($61,594/year). The HUD considers 30% or more cost-burdened.
How much income do you need to rent in Peoria County?
To afford a 2-bedroom at $1,129/month using the 30% rule, you need an annual income of at least $45,160.
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