Billings vs Chicago-Naperville-Elgin
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 34% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $3,708/year.
Rent by Unit Size
| Unit Size | Billings | Chicago-Naperville-Elgin | Difference |
|---|---|---|---|
| Studio | $613 | $849 | $236 |
| 1 Bedroom | $724 | $1,023 | $299 |
| 2 Bedrooms | $913 | $1,222 | $309 |
| 3 Bedrooms | $1,136 | $1,528 | $392 |
| 4 Bedrooms | $1,214 | $1,886 | $672 |
| Median Income | $47,175 | $79,852 | $32,677 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/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 Billings or Chicago-Naperville-Elgin cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $309/mo or $3,708/year more expensive in Chicago-Naperville-Elgin (34% higher).
What is the 2-bedroom rent in Billings vs Chicago-Naperville-Elgin?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Chicago-Naperville-Elgin, a 2-bedroom FMR is $1,222/month.
How do incomes compare between Billings and Chicago-Naperville-Elgin?
The median household income in Billings is $47,175/year. In Chicago-Naperville-Elgin it is $79,852/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Billings vs Chicago-Naperville-Elgin?
A studio apartment Fair Market Rent in Billings is $613/mo. In Chicago-Naperville-Elgin it is $849/mo.