Average Rent in Chicago-Joliet-Naperville, IL
The Fair Market Rent for a 2-bedroom in Chicago-Joliet-Naperville, IL is $1,781 per month, based on HUD data. With a median household income of $88,850, a household would spend 24.1% of income on housing at Fair Market Rent. Rent has increased 3.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,581 |
| 2 Bedroom | $1,781 |
| 3 Bedroom | $2,294 |
| 4 Bedroom | $2,653 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $88,850 |
| Rent Burden (2BR FMR / Income) | 24.1% |
| Income Needed for 2BR (30% rule) | $71,240/yr |