Rent by ZIP ·
Rent in Chicago, IL 60701
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,980 (+13.1% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,650 | $1,450 | +13.8% | $1,485–1,815 | – |
| 1 bedroom | $1,750 | $1,550 | +12.9% | $1,575–1,925 | – |
| 2 bedrooms | $1,980 | $1,750 | +13.1% | $1,782–2,178 | – |
| 3 bedrooms | $2,550 | $2,250 | +13.3% | $2,295–2,805 | – |
| 4 bedrooms | $2,910 | $2,610 | +11.5% | $2,619–3,201 | – |
Small Area FMRs for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Chicago-Joliet-Naperville, IL HUD Metro FMR Area, 2 bedrooms: $2,011.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 60706 | Harwood Heights | $1,740 | $1,447 |
| 60707 | Elmwood Park | $1,860 | $1,390 |
| 60712 | Lincolnwood | $3,020 | $3,500+ |
| 60714 | Niles | $1,750 | $1,361 |
All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.