Chicago-Naperville-Elgin vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 59% cheaper for renters. A 2-bedroom rents for $769/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $5,436/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Toledo | Difference |
|---|---|---|---|
| Studio | $849 | $521 | $328 |
| 1 Bedroom | $1,023 | $622 | $401 |
| 2 Bedrooms | $1,222 | $769 | $453 |
| 3 Bedrooms | $1,528 | $990 | $538 |
| 4 Bedrooms | $1,886 | $1,150 | $736 |
| Median Income | $79,852 | $44,170 | $35,682 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Chicago-Naperville-Elgin or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $453/mo or $5,436/year more expensive in Chicago-Naperville-Elgin (59% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Chicago-Naperville-Elgin and Toledo?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Toledo it is $44,170/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Toledo?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Toledo it is $521/mo.