At $1,811/mo, rent takes about 24% 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 $1,811 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 ($91,955) is $2,299 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,150); a 4-bedroom is $2,520.
From Zillow's monthly rent index (ZORI) for Elmwood Park. 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
Elmwood Park, IL is majority owner-occupied, has a median income above the national average, 32.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Elmwood Park, IL has changed in 5 years
On the earnings side, the typical household in Elmwood Park, IL now reports about $91,955, up from $68,833 in 2021. Census counts show Elmwood Park, IL losing about 649 residents over the five-year window, down 2.6% on net. The renter share has eased from 37.7% to 34.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29% to 32.6% across the same window.
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Can you afford rent in Elmwood Park on your salary?
At $1,811/mo, how Elmwood Park rent compares to typical pay (30% rule).
Elmwood Park rent by bedroom count
Median rent for each apartment size in Elmwood Park. Click any size for full breakdown.
Tips for renters in Elmwood Park
Last updated: October 17, 2026
The median rent in Elmwood Park is $1,811/mo as of October 2026. A studio apartment averages $1,380/mo while a 2-bedroom runs $1,670/mo. One-bedroom apartments average $1,480/mo and 3-bedroom units go for $2,150/mo.
At 24% of local median household income ($91,955/yr), Elmwood Park ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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At $1,811/mo, rent takes ~24% of Elmwood Park's median household income ($91,955/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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