Albany vs Chicago-Naperville-Elgin
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 112% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $7,740/year.
Rent by Unit Size
| Unit Size | Albany | Chicago-Naperville-Elgin | Difference |
|---|---|---|---|
| Studio | $407 | $849 | $442 |
| 1 Bedroom | $488 | $1,023 | $535 |
| 2 Bedrooms | $577 | $1,222 | $645 |
| 3 Bedrooms | $748 | $1,528 | $780 |
| 4 Bedrooms | $841 | $1,886 | $1,045 |
| Median Income | $39,279 | $79,852 | $40,573 |
Albany
- Studio
- $407/mo
- 1 BR
- $488/mo
- 2 BR
- $577/mo
- 3 BR
- $748/mo
- 4 BR
- $841/mo
- Median Income
- $39,279/yr
Chicago-Naperville-Elgin
- Studio
- $849/mo
- 1 BR
- $1,023/mo
- 2 BR
- $1,222/mo
- 3 BR
- $1,528/mo
- 4 BR
- $1,886/mo
- Median Income
- $79,852/yr
Frequently Asked Questions
Is Albany or Chicago-Naperville-Elgin cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $645/mo or $7,740/year more expensive in Chicago-Naperville-Elgin (112% higher).
What is the 2-bedroom rent in Albany vs Chicago-Naperville-Elgin?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Chicago-Naperville-Elgin, a 2-bedroom FMR is $1,222/month.
How do incomes compare between Albany and Chicago-Naperville-Elgin?
The median household income in Albany is $39,279/year. In Chicago-Naperville-Elgin it is $79,852/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Albany vs Chicago-Naperville-Elgin?
A studio apartment Fair Market Rent in Albany is $407/mo. In Chicago-Naperville-Elgin it is $849/mo.