Chicago-Naperville-Elgin vs Medford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Medford is 15% cheaper for renters. A 2-bedroom rents for $1,065/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $1,884/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Medford | Difference |
|---|---|---|---|
| Studio | $849 | $704 | $145 |
| 1 Bedroom | $1,023 | $865 | $158 |
| 2 Bedrooms | $1,222 | $1,065 | $157 |
| 3 Bedrooms | $1,528 | $1,318 | $210 |
| 4 Bedrooms | $1,886 | $1,480 | $406 |
| Median Income | $79,852 | $51,417 | $28,435 |
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
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Medford cheaper to rent in?
Medford is cheaper — a 2-bedroom Fair Market Rent is $1,065/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $157/mo or $1,884/year more expensive in Chicago-Naperville-Elgin (15% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Medford?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Medford, a 2-bedroom FMR is $1,065/month.
How do incomes compare between Chicago-Naperville-Elgin and Medford?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Medford it is $51,417/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Medford?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Medford it is $704/mo.