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ZIP Code · IL

ZIP 60005

Pop. 28,843·Cook County·130th most expensive ZIP in Illinois
Median rent (all units)
$1,765/mo
Year-over-Year
-10.9%
Month-over-Month
+1.3%
vs US Median
-$200
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60005 · $1,765
More affordable than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,720
2 BR
$1,940
3 BR
$2,500
4 BR+
$2,890
Research median
$1,940/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,180/yr
At $1,765/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 10.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-10.9% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 60005 (Arlington Heights, IL) is majority owner-occupied, has a median income above the national average, 56.4% of residents hold a bachelor's degree or higher.

Population
28,843
Median income
$99,743
Median age
42
Renters
35.9%
Age distribution
21.7%
18.1%
29.2%
12.3%
18.6%
Under 1821.7%
18–3418.1%
35–5429.2%
55–6412.3%
65+18.6%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
71.4%
14.6%
White71.4%
Black2.4%
Hispanic14.6%
Asian9.4%
Other2.2%
Education (25+)
15.4%
21.9%
56.4%
No HS diploma6.4%
HS diploma15.4%
Some college21.9%
Bachelor's+56.4%
Housing tenure
64.1%
35.9%
Owner64.1%
Renter35.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 60005 in Arlington Heights, IL has changed in 5 years

Rent
$1,333 → $1,765
up 32.4%
Income
$94,670 → $99,743
up 5.4%
Population
29,622 → 28,843
down 2.6%
Renter share
36.3% → 35.9%
-0.4 pts
Bachelor's+
55.3% → 56.4%
+1.1 pts
Median age
42.5 → 42
-0.5 yrs

Since 2021, the typical rent in ZIP 60005 in Arlington Heights, IL has climbed from $1,333 to $1,765, a 32.4% change over five years. Median household income rose from $94,670 to $99,743 between 2021 and 2024, a 5.4% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.6% since 2021, moving from about 29,622 residents to roughly 28,843. Taken together, the five-year picture in ZIP 60005 in Arlington Heights, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 60005

Last updated: July 20, 2026

ZIP code 60005 covers Arlington Heights, IL. The median rent here is $1,765/mo as of July 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $1,940/mo.

At 21% of local median household income ($99,743/yr), ZIP 60005 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 10.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60005?

As of July 20, 2026, the median monthly rent in ZIP 60005 (Arlington Heights, IL) is $1,765. This is based on aggregated data from public sources and community submissions.

How does ZIP 60005 rent compare to the US average?

ZIP 60005's median rent of $1,765/mo is $200 (10%) below the US national median of $1,965/mo.

How does ZIP 60005 compare to other ZIPs in Illinois?

ZIP 60005 falls in the middle range for Illinois, ranking #130 out of 230 ZIPs at $1,765/mo.

How much income do you need to rent in ZIP 60005?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,765/mo in ZIP 60005. The local median household income is $99,743/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60005?

Rent in ZIP 60005 has decreased 10.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60005 an affordable place to rent?

ZIP 60005 is considered very affordable for renters. At $1,765/mo, rent takes approximately 21% of the local median household income ($99,743/yr). The standard benchmark is 30%. ZIP 60005 falls comfortably within that range.

What percentage of ZIP 60005 residents rent vs. own?

According to Census data, approximately 35.9% of ZIP 60005 households are renters, while 64.1% are owner-occupied. ZIP 60005 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60005 compare to the rest of Arlington Heights?

ZIP 60005 is more affordable than Arlington Heights overall. At $1,765/mo, it's $184 below the Arlington Heights citywide median of $1,949/mo.

When was rent data for ZIP 60005 last updated?

Rent data for ZIP 60005 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,765/mo, rent takes ~21% of ZIP 60005's median household income ($99,743/yr). The standard benchmark is 30%.

ZIP 60005 21%Benchmark 30%
State income tax4.95%
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Public schools near ZIP 60005 (Arlington Heights, IL)

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