Chicago-Naperville-Elgin vs Fargo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo 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 | Chicago-Naperville-Elgin | Fargo | Difference |
|---|---|---|---|
| Studio | $849 | $577 | $272 |
| 1 Bedroom | $1,023 | $717 | $306 |
| 2 Bedrooms | $1,222 | $913 | $309 |
| 3 Bedrooms | $1,528 | $1,145 | $383 |
| 4 Bedrooms | $1,886 | $1,249 | $637 |
| Median Income | $79,852 | $45,978 | $33,874 |
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
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Fargo cheaper to rent in?
Fargo 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 Chicago-Naperville-Elgin vs Fargo?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Fargo, a 2-bedroom FMR is $913/month.
How do incomes compare between Chicago-Naperville-Elgin and Fargo?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Fargo it is $45,978/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Fargo?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Fargo it is $577/mo.