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RentData.org Logo Chicago-Naperville-Joliet Fair Market Rent FY 2008 Chicago-Naperville-Joliet, IL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Chicago-Naperville-Joliet, IL :
$734 $840 $944 $1,154 $1,304
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

Fair Market Rent prices in Chicago-Naperville-Joliet are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Chicago-Naperville-Joliet is $944 per month.

The previous year, rent for a two-bedroom home was $935 per month. This is a 0.96% increase year-over-year.

This FMR rate applies to Hines, IL, Techny, IL, University Park, IL, Bedford Park, IL, Golf, IL, Thornton, IL, Kenilworth, IL, Stone Park, IL, Robbins, IL, Hometown, 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-Naperville-Joliet, IL HUD Metro FMR Area spans one county or city in Illinois which is listed in the table below. Estimated population of Chicago-Naperville-Joliet, IL HUD Metro FMR Area FMR area is 5,376,741 people based on latest Census data.

Compared to the rest of Illinois, the Chicago-Naperville-Joliet FMR area is more expensive than 98% 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-Naperville-Joliet. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Chicago-Naperville-Joliet

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 $ 734
1-BR 1-Bedroom $ 840
2-BR 2-Bedroom $ 944
3-BR 3-Bedroom $ 1154
4-BR 4-Bedroom $ 1304
Change Year:
2006 2007 2008 2009 2010

There is just one county (listed below) within the Chicago-Naperville-Joliet, IL HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Chicago.

County / Region Est. Population
Chicago-Naperville-Joliet, IL Metro 5,376,741
Zip Codes in Chicago-Naperville-Joliet, IL HUD Metro FMR Area

There are 226 unique zip codes in this Fair Market Rent (FMR) area:

60004, 60005, 60006, 60007, 60008, 60009, 60010, 60011, 60015, 60016, 60017, 60018, 60022, 60025, 60026, 60029, 60038, 60043, 60053, 60055, 60056, 60062, 60065, 60067, 60068, 60070, 60074, 60076, 60077, 60078, 60082, 60089, 60090, 60091, 60093, 60095, 60102, 60103, 60104, 60107, 60118, 60120, 60126, 60130, 60131, 60133, 60141, 60153, 60154, 60155, 60159, 60160, 60161, 60162, 60163, 60164, 60165, 60168, 60169, 60171, 60172, 60173, 60176, 60179, 60192, 60193, 60194, 60195, 60196, 60201, 60202, 60203, 60204, 60208, 60301, 60302, 60303, 60304, 60305, 60402, 60406, 60409, 60411, 60412, 60415, 60417, 60419, 60422, 60423, 60425, 60426, 60428, 60429, 60430, 60438, 60439, 60443, 60445, 60449, 60452, 60453, 60454, 60455, 60456, 60457, 60458, 60459, 60461, 60462, 60463, 60464, 60465, 60466, 60467, 60469, 60471, 60472, 60473, 60475, 60476, 60477, 60478, 60480, 60482, 60484, 60487, 60491, 60499, 60501, 60513, 60521, 60523, 60525, 60526, 60527, 60534, 60546, 60558, 60601, 60602, 60603, 60604, 60605 show more

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