Chicago-Naperville-Elgin vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Salem is 7% cheaper for renters. A 2-bedroom rents for $1,137/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $1,020/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Salem | Difference |
|---|---|---|---|
| Studio | $849 | $741 | $108 |
| 1 Bedroom | $1,023 | $913 | $110 |
| 2 Bedrooms | $1,222 | $1,137 | $85 |
| 3 Bedrooms | $1,528 | $1,411 | $117 |
| 4 Bedrooms | $1,886 | $1,615 | $271 |
| Median Income | $79,852 | $53,953 | $25,899 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Salem cheaper to rent in?
Salem is cheaper — a 2-bedroom Fair Market Rent is $1,137/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $85/mo or $1,020/year more expensive in Chicago-Naperville-Elgin (7% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Chicago-Naperville-Elgin and Salem?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Salem it is $53,953/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Salem?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Salem it is $741/mo.