Albuquerque vs Chicago-Naperville-Elgin
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albuquerque is 28% cheaper for renters. A 2-bedroom rents for $958/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $3,168/year.
Rent by Unit Size
| Unit Size | Albuquerque | Chicago-Naperville-Elgin | Difference |
|---|---|---|---|
| Studio | $647 | $849 | $202 |
| 1 Bedroom | $793 | $1,023 | $230 |
| 2 Bedrooms | $958 | $1,222 | $264 |
| 3 Bedrooms | $1,161 | $1,528 | $367 |
| 4 Bedrooms | $1,339 | $1,886 | $547 |
| Median Income | $49,585 | $79,852 | $30,267 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/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 Albuquerque or Chicago-Naperville-Elgin cheaper to rent in?
Albuquerque is cheaper — a 2-bedroom Fair Market Rent is $958/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $264/mo or $3,168/year more expensive in Chicago-Naperville-Elgin (28% higher).
What is the 2-bedroom rent in Albuquerque vs Chicago-Naperville-Elgin?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Chicago-Naperville-Elgin, a 2-bedroom FMR is $1,222/month.
How do incomes compare between Albuquerque and Chicago-Naperville-Elgin?
The median household income in Albuquerque is $49,585/year. In Chicago-Naperville-Elgin it is $79,852/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Albuquerque vs Chicago-Naperville-Elgin?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Chicago-Naperville-Elgin it is $849/mo.