ZIP Code · IL

ZIP 60056

Part of Mount Prospect, IL

Pop. 55,818·Cook County·120th most expensive ZIP in Illinois

Median rent (all units)

$1,832/mo

Year-over-Year

+1.4%

Month-over-Month

+0.7%

vs US Median

-$100

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60056 · $1,832

More expensive than 51% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,590

1 BR

$1,700

2 BR

$1,910

3 BR

$2,460

4 BR+

$2,850

Research median

$1,910/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 60056 usually run 1.1% below trend in January and 1.1% above it in July, about $40 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 60056 is at its highest level since Zillow's records here began in January 2021.

Past year vs. the rest of Illinois

Rent in ZIP 60056 changed +1.4% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($101,922) is $2,548 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,460); a 4-bedroom is $2,850.

Cheaper nearby

ZIP 60656, 8 miles away, rents for 12% less ($1,611/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60056. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,984/yr

At $1,832/mo median

Location

CityMount Prospect

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.4% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 60056 (Mount Prospect, IL) is majority owner-occupied, has a median income above the national average, 48.6% of residents hold a bachelor's degree or higher.

Population

55,818

Median income

$101,922

Median age

41.1

Renters

31.3%

Age distribution

22.8%

19.3%

26.4%

12.9%

18.7%

Under 1822.8%

18–3419.3%

35–5426.4%

55–6412.9%

65+18.7%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

63.8%

18.1%

15.5%

White63.8%

Black2.5%

Hispanic18.1%

Asian15.5%

Education (25+)

20.8%

22.1%

48.6%

No HS diploma8.4%

HS diploma20.8%

Some college22.1%

Bachelor's+48.6%

Housing tenure

68.7%

31.3%

Owner68.7%

Renter31.3%

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

2021 vs 2026

How ZIP 60056 in Mount Prospect, IL has changed in 5 years

Rent

$1,336 → $1,832

up 37.1%

Income

$92,736 → $101,922

up 9.9%

Population

56,912 → 55,818

down 1.9%

Renter share

30.2% → 31.3%

+1.1 pts

Bachelor's+

47.2% → 48.6%

+1.4 pts

Median age

40.6 → 41.1

+0.5 yrs

Rent in ZIP 60056 in Mount Prospect, IL has increased 37.1% since 2021, going from about $1,336 per month to roughly $1,832 today. Household income in the area moved from $92,736 to $101,922 across the same window, up 9.9% versus 2021. Rent outpaced income growth by roughly 27.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 56,912 to 55,818 between 2021 and 2024, a 1.9% change. Reading these numbers side by side helps frame whether current listings in ZIP 60056 in Mount Prospect, IL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 60056

Last updated: October 17, 2026

ZIP code 60056 covers Mount Prospect, IL. The median rent here is $1,832/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $1,910/mo.

At 22% of local median household income ($101,922/yr), ZIP 60056 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60056?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,832/mo in ZIP 60056. The local median household income is $101,922/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60056?

Rent in ZIP 60056 has risen 1.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2021.

When is the cheapest time to rent in ZIP 60056?

Asking rents in ZIP 60056 are usually lowest in January, about 1.1% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 60056 compare to other ZIPs in Illinois?

ZIP 60056 is in the middle among Illinois ZIP codes for rent, ranking #120 of 227 at $1,832/mo. Over the year to September 2026, rent in ZIP 60056 changed +1.4%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.