Chicago-Naperville-Elgin vs Lincoln
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lincoln is 46% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $4,644/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Lincoln | Difference |
|---|---|---|---|
| Studio | $849 | $561 | $288 |
| 1 Bedroom | $1,023 | $685 | $338 |
| 2 Bedrooms | $1,222 | $835 | $387 |
| 3 Bedrooms | $1,528 | $1,007 | $521 |
| 4 Bedrooms | $1,886 | $1,216 | $670 |
| Median Income | $79,852 | $40,210 | $39,642 |
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
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Lincoln cheaper to rent in?
Lincoln is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $387/mo or $4,644/year more expensive in Chicago-Naperville-Elgin (46% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Lincoln?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Lincoln, a 2-bedroom FMR is $835/month.
How do incomes compare between Chicago-Naperville-Elgin and Lincoln?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Lincoln it is $40,210/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Lincoln?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Lincoln it is $561/mo.