Anchorage vs Chicago-Naperville-Elgin
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Anchorage is 5% cheaper for renters. A 2-bedroom rents for $1,162/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $720/year.
Rent by Unit Size
| Unit Size | Anchorage | Chicago-Naperville-Elgin | Difference |
|---|---|---|---|
| Studio | $795 | $849 | $54 |
| 1 Bedroom | $960 | $1,023 | $63 |
| 2 Bedrooms | $1,162 | $1,222 | $60 |
| 3 Bedrooms | $1,475 | $1,528 | $53 |
| 4 Bedrooms | $1,674 | $1,886 | $212 |
| Median Income | $75,443 | $79,852 | $4,409 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/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 Anchorage or Chicago-Naperville-Elgin cheaper to rent in?
Anchorage is cheaper — a 2-bedroom Fair Market Rent is $1,162/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $60/mo or $720/year more expensive in Chicago-Naperville-Elgin (5% higher).
What is the 2-bedroom rent in Anchorage vs Chicago-Naperville-Elgin?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Chicago-Naperville-Elgin, a 2-bedroom FMR is $1,222/month.
How do incomes compare between Anchorage and Chicago-Naperville-Elgin?
The median household income in Anchorage is $75,443/year. In Chicago-Naperville-Elgin it is $79,852/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Anchorage vs Chicago-Naperville-Elgin?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Chicago-Naperville-Elgin it is $849/mo.