Chicago-Naperville-Elgin vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Palm Bay-Melbourne-Titusville is 16% cheaper for renters. A 2-bedroom rents for $1,057/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $1,980/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $849 | $712 | $137 |
| 1 Bedroom | $1,023 | $871 | $152 |
| 2 Bedrooms | $1,222 | $1,057 | $165 |
| 3 Bedrooms | $1,528 | $1,335 | $193 |
| 4 Bedrooms | $1,886 | $1,531 | $355 |
| Median Income | $79,852 | $62,156 | $17,696 |
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
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Palm Bay-Melbourne-Titusville cheaper to rent in?
Palm Bay-Melbourne-Titusville is cheaper — a 2-bedroom Fair Market Rent is $1,057/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $165/mo or $1,980/year more expensive in Chicago-Naperville-Elgin (16% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Chicago-Naperville-Elgin and Palm Bay-Melbourne-Titusville?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.