Chicago-Naperville-Elgin vs Concord
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Concord is 12% cheaper for renters. A 2-bedroom rents for $1,088/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $1,608/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Concord | Difference |
|---|---|---|---|
| Studio | $849 | $755 | $94 |
| 1 Bedroom | $1,023 | $912 | $111 |
| 2 Bedrooms | $1,222 | $1,088 | $134 |
| 3 Bedrooms | $1,528 | $1,418 | $110 |
| 4 Bedrooms | $1,886 | $1,586 | $300 |
| Median Income | $79,852 | $53,649 | $26,203 |
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
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Concord cheaper to rent in?
Concord is cheaper — a 2-bedroom Fair Market Rent is $1,088/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $134/mo or $1,608/year more expensive in Chicago-Naperville-Elgin (12% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Concord?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Concord, a 2-bedroom FMR is $1,088/month.
How do incomes compare between Chicago-Naperville-Elgin and Concord?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Concord it is $53,649/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Concord?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Concord it is $755/mo.