Chicago-Naperville-Elgin vs Lafayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 65% cheaper for renters. A 2-bedroom rents for $741/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $5,772/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Lafayette | Difference |
|---|---|---|---|
| Studio | $849 | $502 | $347 |
| 1 Bedroom | $1,023 | $626 | $397 |
| 2 Bedrooms | $1,222 | $741 | $481 |
| 3 Bedrooms | $1,528 | $958 | $570 |
| 4 Bedrooms | $1,886 | $1,134 | $752 |
| Median Income | $79,852 | $38,989 | $40,863 |
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
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Lafayette cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $481/mo or $5,772/year more expensive in Chicago-Naperville-Elgin (65% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Lafayette?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Lafayette, a 2-bedroom FMR is $741/month.
How do incomes compare between Chicago-Naperville-Elgin and Lafayette?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Lafayette it is $38,989/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Lafayette?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Lafayette it is $502/mo.