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ZIP Code · IL

ZIP 60007

Pop. 32,592·Cook County·127th most expensive ZIP in Illinois
Median rent (all units)
$1,781/mo
Year-over-Year
+7.7%
Month-over-Month
-0.3%
vs US Median
-$184
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60007 · $1,781
More affordable than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,650
1 BR
$1,770
2 BR
$1,990
3 BR
$2,560
4 BR+
$2,960
Research median
$1,990/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
$21,372/yr
At $1,781/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.7% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 60007 (Elk Grove Village, IL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 41.5% of residents hold a bachelor's degree or higher.

Population
32,592
Median income
$93,494
Median age
44.9
Renters
25.5%
Age distribution
21.4%
15.1%
27.8%
15.3%
20.4%
Under 1821.4%
18–3415.1%
35–5427.8%
55–6415.3%
65+20.4%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
70.1%
15.2%
White70.1%
Black3%
Hispanic15.2%
Asian11.9%
Education (25+)
24.4%
26.4%
41.5%
No HS diploma7.7%
HS diploma24.4%
Some college26.4%
Bachelor's+41.5%
Housing tenure
74.5%
25.5%
Owner74.5%
Renter25.5%

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

2021 vs 2026

How ZIP 60007 in Elk Grove Village, IL has changed in 5 years

Income
$89,408 → $93,494
up 4.6%
Population
33,048 → 32,592
down 1.4%
Renter share
25% → 25.5%
+0.5 pts
Bachelor's+
39.8% → 41.5%
+1.7 pts
Median age
41.9 → 44.9
+3.0 yrs

Household income in the area moved from $89,408 to $93,494 across the same window, up 4.6% versus 2021. The population has contracted by 1.4% since 2021, moving from about 33,048 residents to roughly 32,592.

Community

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Local insights

Tips for renters in ZIP 60007

About renting in ZIP 60007

Last updated: July 20, 2026

ZIP code 60007 covers Elk Grove Village, IL. The median rent here is $1,781/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $1,990/mo.

At 23% of local median household income ($93,494/yr), ZIP 60007 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60007?

As of July 20, 2026, the median monthly rent in ZIP 60007 (Elk Grove Village, IL) is $1,781. This is based on aggregated data from public sources and community submissions.

How does ZIP 60007 rent compare to the US average?

ZIP 60007's median rent of $1,781/mo is $184 (9%) below the US national median of $1,965/mo.

How does ZIP 60007 compare to other ZIPs in Illinois?

ZIP 60007 falls in the middle range for Illinois, ranking #127 out of 230 ZIPs at $1,781/mo.

How much income do you need to rent in ZIP 60007?

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 $1,781/mo in ZIP 60007. The local median household income is $93,494/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60007?

Rent in ZIP 60007 has increased 7.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60007 an affordable place to rent?

ZIP 60007 is considered very affordable for renters. At $1,781/mo, rent takes approximately 23% of the local median household income ($93,494/yr). The standard benchmark is 30%. ZIP 60007 falls comfortably within that range.

What percentage of ZIP 60007 residents rent vs. own?

According to Census data, approximately 25.5% of ZIP 60007 households are renters, while 74.5% are owner-occupied. ZIP 60007 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60007 compare to the rest of Elk Grove Village?

ZIP 60007 sits right at the Elk Grove Village citywide median of $1,781/mo.

When was rent data for ZIP 60007 last updated?

Rent data for ZIP 60007 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,781/mo, rent takes ~23% of ZIP 60007's median household income ($93,494/yr). The standard benchmark is 30%.

ZIP 60007 23%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60007 (Elk Grove Village, IL)

Recent submissions

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