Chicago-Naperville-Elgin vs New Orleans-Metairie
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
New Orleans-Metairie is 25% cheaper for renters. A 2-bedroom rents for $980/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $2,904/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | New Orleans-Metairie | Difference |
|---|---|---|---|
| Studio | $849 | $644 | $205 |
| 1 Bedroom | $1,023 | $781 | $242 |
| 2 Bedrooms | $1,222 | $980 | $242 |
| 3 Bedrooms | $1,528 | $1,243 | $285 |
| 4 Bedrooms | $1,886 | $1,319 | $567 |
| Median Income | $79,852 | $50,082 | $29,770 |
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
New Orleans-Metairie
- Studio
- $644/mo
- 1 BR
- $781/mo
- 2 BR
- $980/mo
- 3 BR
- $1,243/mo
- 4 BR
- $1,319/mo
- Median Income
- $50,082/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or New Orleans-Metairie cheaper to rent in?
New Orleans-Metairie is cheaper — a 2-bedroom Fair Market Rent is $980/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $242/mo or $2,904/year more expensive in Chicago-Naperville-Elgin (25% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs New Orleans-Metairie?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In New Orleans-Metairie, a 2-bedroom FMR is $980/month.
How do incomes compare between Chicago-Naperville-Elgin and New Orleans-Metairie?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In New Orleans-Metairie it is $50,082/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs New Orleans-Metairie?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In New Orleans-Metairie it is $644/mo.