At $885/mo, rent takes about 15% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $885 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($71,833) is $1,796 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,280).
From Zillow's monthly rent index (ZORI) for East Peoria. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
East Peoria, IL is majority owner-occupied, has a large retiree population, 25.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How East Peoria, IL has changed in 5 years
Local incomes tracked alongside that move, going from a median of $68,246 in 2021 to $71,833 more recently. Headcount in the area went from 22,707 to 22,324 between 2021 and 2024, a 1.7% change. About 24.3% of households rent today, against 27.4% in 2021.
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Can you afford rent in East Peoria on your salary?
At $885/mo, how East Peoria rent compares to typical pay (30% rule).
East Peoria rent by bedroom count
Median rent for each apartment size in East Peoria. Click any size for full breakdown.
Tips for renters in East Peoria
Last updated: October 17, 2026
The median rent in East Peoria is $885/mo as of October 2026. A studio apartment averages $670/mo while a 2-bedroom runs $940/mo. One-bedroom apartments average $740/mo and 3-bedroom units go for $1,220/mo.
At 15% of local median household income ($71,833/yr), East Peoria ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in East Peoria?
How does East Peoria rent compare to other cities in Illinois?
At $885/mo, rent takes ~15% of East Peoria's median household income ($71,833/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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