Chicago-Naperville-Elgin vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Raleigh-Cary is 11% cheaper for renters. A 2-bedroom rents for $1,097/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $1,500/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $849 | $760 | $89 |
| 1 Bedroom | $1,023 | $928 | $95 |
| 2 Bedrooms | $1,222 | $1,097 | $125 |
| 3 Bedrooms | $1,528 | $1,435 | $93 |
| 4 Bedrooms | $1,886 | $1,556 | $330 |
| Median Income | $79,852 | $70,678 | $9,174 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Raleigh-Cary cheaper to rent in?
Raleigh-Cary is cheaper — a 2-bedroom Fair Market Rent is $1,097/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $125/mo or $1,500/year more expensive in Chicago-Naperville-Elgin (11% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Chicago-Naperville-Elgin and Raleigh-Cary?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Raleigh-Cary it is $70,678/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Raleigh-Cary?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Raleigh-Cary it is $760/mo.