At $1,854/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,854 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($90,431) is $2,261 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,030); a 4-bedroom is $2,380.
From Zillow's monthly rent index (ZORI) for Addison. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Addison, IL is majority owner-occupied, has a median income above the national average, 23.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Addison, IL has changed in 5 years
On the earnings side, the typical household in Addison, IL now reports about $90,431, up from $75,960 in 2021. The population has contracted by 1.4% since 2021, moving from about 35,999 residents to roughly 35,489. Renters now make up 33% of households, compared with 35.2% five years ago.
Discussions about Addison
No discussions yet. Start the conversation.
Can you afford rent in Addison on your salary?
At $1,854/mo, how Addison rent compares to typical pay (30% rule).
Addison rent by bedroom count
Median rent for each apartment size in Addison. Click any size for full breakdown.
Tips for renters in Addison
Last updated: October 17, 2026
The median rent in Addison is $1,854/mo as of October 2026. A studio apartment averages $1,310/mo while a 2-bedroom runs $1,580/mo. One-bedroom apartments average $1,400/mo and 3-bedroom units go for $2,030/mo.
At 25% of local median household income ($90,431/yr), Addison ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Addison?
Is rent going up or down in Addison?
How does Addison rent compare to other cities in Illinois?
At $1,854/mo, rent takes ~25% of Addison's median household income ($90,431/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Addison.
No discussions yet.