Chicago-Naperville-Elgin vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 62% cheaper for renters. A 2-bedroom rents for $756/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $5,592/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Springfield | Difference |
|---|---|---|---|
| Studio | $849 | $519 | $330 |
| 1 Bedroom | $1,023 | $612 | $411 |
| 2 Bedrooms | $1,222 | $756 | $466 |
| 3 Bedrooms | $1,528 | $923 | $605 |
| 4 Bedrooms | $1,886 | $1,067 | $819 |
| Median Income | $79,852 | $44,958 | $34,894 |
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
Springfield
- Studio
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $466/mo or $5,592/year more expensive in Chicago-Naperville-Elgin (62% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Springfield, a 2-bedroom FMR is $756/month.
How do incomes compare between Chicago-Naperville-Elgin and Springfield?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Springfield it is $44,958/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Springfield?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Springfield it is $519/mo.