Chicago-Naperville-Elgin vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 46% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $4,644/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Rapid City | Difference |
|---|---|---|---|
| Studio | $849 | $574 | $275 |
| 1 Bedroom | $1,023 | $702 | $321 |
| 2 Bedrooms | $1,222 | $835 | $387 |
| 3 Bedrooms | $1,528 | $1,106 | $422 |
| 4 Bedrooms | $1,886 | $1,277 | $609 |
| Median Income | $79,852 | $44,904 | $34,948 |
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
Rapid City
- Studio
- $574/mo
- 1 BR
- $702/mo
- 2 BR
- $835/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,277/mo
- Median Income
- $44,904/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $387/mo or $4,644/year more expensive in Chicago-Naperville-Elgin (46% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Chicago-Naperville-Elgin and Rapid City?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Rapid City it is $44,904/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Rapid City?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Rapid City it is $574/mo.