Chicago-Naperville-Elgin Fair Market Rent 2026
HUD Fair Market Rent data for the Chicago-Naperville-Elgin metropolitan area. Median household income: $79,852/year. Vacancy rate: 6%.
2BR FMR
$1,222/mo
Median Income
$79,852
Vacancy Rate
6%
Rent Burden
18.4%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $79,852/year can afford up to $1,996/mo in rent.
The 2BR FMR of $1,222/mo represents 18.4% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 6% in Chicago-Naperville-Elgin indicates a moderate rental market. A balanced market with reasonable availability for renters.
Frequently Asked Questions
What is the average rent in Chicago-Naperville-Elgin?
The 2026 HUD FMR for a 2-bedroom in the Chicago-Naperville-Elgin metro area is $1,222/month. 1BR: $1,023, 3BR: $1,528.
What is the vacancy rate in Chicago-Naperville-Elgin?
The rental vacancy rate in Chicago-Naperville-Elgin is 6%. A rate below 5% typically indicates a tight rental market.
Is Chicago-Naperville-Elgin affordable for renters?
With a median income of $79,852 and 2BR rent at $1,222/mo, rent takes about 18% of income in Chicago-Naperville-Elgin.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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