At $1,544/mo, rent takes about 27% 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 $1,544 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 ($68,964) is $1,724 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,460); a 3-bedroom is $1,880.
From Zillow's monthly rent index (ZORI) for Chicago Ridge. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Chicago Ridge, IL is roughly split between renters and owners, 28.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Chicago Ridge, IL has changed in 5 years
Household income in the area moved from $56,494 to $68,964 across the same window, up 22.1% versus 2021. The population has contracted by 2.2% since 2021, moving from about 14,413 residents to roughly 14,099. Renters now make up 49.9% of households, compared with 43.7% five years ago.
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Can you afford rent in Chicago Ridge on your salary?
At $1,544/mo, how Chicago Ridge rent compares to typical pay (30% rule).
Chicago Ridge rent by bedroom count
Median rent for each apartment size in Chicago Ridge. Click any size for full breakdown.
Tips for renters in Chicago Ridge
Last updated: October 17, 2026
The median rent in Chicago Ridge is $1,544/mo as of October 2026. A studio apartment averages $1,210/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $1,880/mo.
At 27% of local median household income ($68,964/yr), Chicago Ridge 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 Chicago Ridge?
Is rent going up or down in Chicago Ridge?
How does Chicago Ridge rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Chicago Ridge?
At $1,544/mo, rent takes ~27% of Chicago Ridge's median household income ($68,964/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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