Chicago-Naperville-Elgin vs Racine
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 54% cheaper for renters. A 2-bedroom rents for $794/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $5,136/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Racine | Difference |
|---|---|---|---|
| Studio | $849 | $508 | $341 |
| 1 Bedroom | $1,023 | $641 | $382 |
| 2 Bedrooms | $1,222 | $794 | $428 |
| 3 Bedrooms | $1,528 | $1,002 | $526 |
| 4 Bedrooms | $1,886 | $1,141 | $745 |
| Median Income | $79,852 | $42,267 | $37,585 |
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
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Racine cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $428/mo or $5,136/year more expensive in Chicago-Naperville-Elgin (54% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Racine?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Racine, a 2-bedroom FMR is $794/month.
How do incomes compare between Chicago-Naperville-Elgin and Racine?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Racine it is $42,267/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Racine?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Racine it is $508/mo.