Chicago-Naperville-Elgin vs Colorado Springs
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Colorado Springs is 7% cheaper for renters. A 2-bedroom rents for $1,142/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $960/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Colorado Springs | Difference |
|---|---|---|---|
| Studio | $849 | $778 | $71 |
| 1 Bedroom | $1,023 | $959 | $64 |
| 2 Bedrooms | $1,222 | $1,142 | $80 |
| 3 Bedrooms | $1,528 | $1,510 | $18 |
| 4 Bedrooms | $1,886 | $1,677 | $209 |
| Median Income | $79,852 | $70,288 | $9,564 |
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
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Colorado Springs cheaper to rent in?
Colorado Springs is cheaper — a 2-bedroom Fair Market Rent is $1,142/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $80/mo or $960/year more expensive in Chicago-Naperville-Elgin (7% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Colorado Springs?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Colorado Springs, a 2-bedroom FMR is $1,142/month.
How do incomes compare between Chicago-Naperville-Elgin and Colorado Springs?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Colorado Springs it is $70,288/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Colorado Springs?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Colorado Springs it is $778/mo.