Ann Arbor vs Chicago-Naperville-Elgin
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Ann Arbor is 4% cheaper for renters. A 2-bedroom rents for $1,170/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $624/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Chicago-Naperville-Elgin | Difference |
|---|---|---|---|
| Studio | $781 | $849 | $68 |
| 1 Bedroom | $945 | $1,023 | $78 |
| 2 Bedrooms | $1,170 | $1,222 | $52 |
| 3 Bedrooms | $1,486 | $1,528 | $42 |
| 4 Bedrooms | $1,736 | $1,886 | $150 |
| Median Income | $58,245 | $79,852 | $21,607 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Chicago-Naperville-Elgin cheaper to rent in?
Ann Arbor is cheaper — a 2-bedroom Fair Market Rent is $1,170/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $52/mo or $624/year more expensive in Chicago-Naperville-Elgin (4% higher).
What is the 2-bedroom rent in Ann Arbor vs Chicago-Naperville-Elgin?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Chicago-Naperville-Elgin, a 2-bedroom FMR is $1,222/month.
How do incomes compare between Ann Arbor and Chicago-Naperville-Elgin?
The median household income in Ann Arbor is $58,245/year. In Chicago-Naperville-Elgin it is $79,852/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Ann Arbor vs Chicago-Naperville-Elgin?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Chicago-Naperville-Elgin it is $849/mo.