Affordable & Income-Based Housing in Peoria

Affordability

According to Census ACS 5-Year data (2024), the median gross rent in Peoria is $1,005 per month and the median household income is $59,410 per year. About 43% of Peoria residents rent their homes, reflecting a sizable renter community with real demand for affordable options.

Lease Lantern tracks 32 HUD-assisted and income-based properties totaling 2,894 units across the city, giving income-qualified renters a meaningful range of subsidized housing to consider.

Safety

According to FBI Crime Data Explorer, the Peoria Police Department reported a violent crime rate of 1,308 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Peoria

According to Walk Score, the area around assisted properties in Peoria rates 40 (Car-Dependent) for walkability, 33 (Some Transit) for transit, and 25 for bikeability. Most errands and commutes will likely require a car.

Schools

Peoria is served by 47 schools across 10 districts -- including 21 elementary, 8 middle, 14 high, and 4 other schools -- according to NCES Common Core of Data.

Quality and programs vary by school and district, so renters should check the assigned schools for a specific address before making a decision.

Cost of Renting in Peoria, IL

The median household income in Peoria is $59,410 per year, according to Census ACS 5-Year estimates. The median gross rent citywide is $1,005 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Peoria can help renters whose costs would otherwise exceed a manageable share of their income. Rents at HUD-assisted and LIHTC properties are set based on area median income limits, not market rates.

• Median household income: $59,410/year (Census ACS 5-Year)
• Median market rent: $1,005/month (Census ACS 5-Year)
• Renter households: 43% of occupied units (Census ACS 5-Year)
• Income-based units tracked on Lease Lantern: 2,894 across 32 properties

Environment & Flood Risk

Flood exposure among Peoria's HUD-assisted properties is very low. Of the 32 properties tracked, only 1 has been mapped to a flood zone, and none are classified as high risk.