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RentData.org Logo Chicago-Joliet-Naperville Fair Market Rent FY 2019 Chicago-Joliet-Naperville, IL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Chicago-Joliet-Naperville, IL :
$915 $1,044 $1,212 $1,542 $1,844
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Chicago-Joliet-Naperville are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Chicago-Joliet-Naperville is $1,212 per month.

The previous year, rent for a two-bedroom home was $1,180 per month. This is a 2.71% increase year-over-year.

This FMR rate applies to Hines, IL, Techny, IL, Eola, IL, Russell, IL, Mooseheart, IL, University Park, IL, Kaneville, IL, Fort Sheridan, IL, Lafox, IL, Wasco, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO16980M16980.

Additionally, This Fair Market Rent (FMR) area Chicago-Joliet-Naperville, IL HUD Metro FMR Area spans six counties or cities in Illinois which ares listed in the table below. Estimated population of Chicago-Joliet-Naperville, IL HUD Metro FMR Area FMR area is 8,316,650 people based on 2010 Census data.

Compared to the rest of Illinois, the Chicago-Joliet-Naperville FMR area is more expensive than 97% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Chicago-Joliet-Naperville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Chicago-Joliet-Naperville

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 998
1-BR 1-Bedroom $ 1140
2-BR 2-Bedroom $ 1323
3-BR 3-Bedroom $ 1683
4-BR 4-Bedroom $ 2013
Change Year:

The counties, cities, towns, and regions listed below fall into the Chicago-Joliet-Naperville, IL HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Chicago.

County / Region Est. Population
Cook County, IL Metro 5,194,675
DuPage County, IL Metro 916,924
Kane County, IL Metro 515,269
Lake County, IL Metro 703,462
McHenry County, IL Metro 308,760
Will County, IL Metro 677,560
Zip Codes in Chicago-Joliet-Naperville, IL HUD Metro FMR Area

There are 349 unique zip codes in this Fair Market Rent (FMR) area:

60002, 60004, 60005, 60006, 60007, 60008, 60009, 60010, 60011, 60012, 60013, 60014, 60015, 60016, 60017, 60018, 60020, 60021, 60022, 60025, 60026, 60029, 60030, 60031, 60034, 60035, 60037, 60038, 60039, 60040, 60041, 60042, 60043, 60044, 60045, 60046, 60047, 60048, 60050, 60051, 60053, 60055, 60056, 60060, 60061, 60062, 60064, 60065, 60067, 60068, 60069, 60070, 60071, 60072, 60073, 60074, 60075, 60076, 60077, 60078, 60079, 60081, 60082, 60083, 60084, 60085, 60086, 60087, 60088, 60089, 60090, 60091, 60093, 60095, 60096, 60097, 60098, 60099, 60101, 60102, 60103, 60104, 60106, 60107, 60108, 60109, 60110, 60117, 60118, 60120, 60121, 60122, 60123, 60124, 60126, 60130, 60131, 60133, 60134, 60136, 60137, 60138, 60139, 60141, 60142, 60143, 60144, 60147, 60148, 60153, 60154, 60155, 60156, 60157, 60159, 60160, 60161, 60162, 60163, 60164, 60165, 60168, 60169, 60171, 60172, 60173, 60174, 60175, 60176, 60177, 60179, 60180, 60181, 60183, 60184, 60185, 60186, 60187, 60188, 60189, 60190, 60191, 60192 show more

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