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ZIP Code · IL

ZIP 60056

Pop. 55,818·Cook County·138th most expensive ZIP in Illinois
Median rent (all units)
$1,717/mo
Year-over-Year
-3.4%
Month-over-Month
-1.1%
vs US Median
-$248
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60056 · $1,717
More affordable than 57% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$20,604/yr
At $1,717/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.4% YoY, -1.1% 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
$1,307 → $1,717
up 31.4%
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 31.4% since 2021, going from about $1,307 per month to roughly $1,717 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 21.5 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

Tips for renters in ZIP 60056

About renting in ZIP 60056

Last updated: July 20, 2026

ZIP code 60056 covers Mount Prospect, IL. The median rent here is $1,717/mo as of July 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $1,910/mo.

At 20% of local median household income ($101,922/yr), ZIP 60056 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60056?

As of July 20, 2026, the median monthly rent in ZIP 60056 (Mount Prospect, IL) is $1,717. This is based on aggregated data from public sources and community submissions.

How does ZIP 60056 rent compare to the US average?

ZIP 60056's median rent of $1,717/mo is $248 (13%) below the US national median of $1,965/mo.

How does ZIP 60056 compare to other ZIPs in Illinois?

ZIP 60056 falls in the middle range for Illinois, ranking #138 out of 230 ZIPs at $1,717/mo.

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 $69,000/year (~$33/hour full-time) to afford the median rent of $1,717/mo in ZIP 60056. The local median household income is $101,922/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60056?

Rent in ZIP 60056 has decreased 3.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60056 an affordable place to rent?

ZIP 60056 is considered very affordable for renters. At $1,717/mo, rent takes approximately 20% of the local median household income ($101,922/yr). The standard benchmark is 30%. ZIP 60056 falls comfortably within that range.

What percentage of ZIP 60056 residents rent vs. own?

According to Census data, approximately 31.3% of ZIP 60056 households are renters, while 68.7% are owner-occupied. ZIP 60056 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60056 compare to the rest of Mount Prospect?

ZIP 60056 is more affordable than Mount Prospect overall. At $1,717/mo, it's $1 below the Mount Prospect citywide median of $1,718/mo.

When was rent data for ZIP 60056 last updated?

Rent data for ZIP 60056 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,717/mo, rent takes ~20% of ZIP 60056's median household income ($101,922/yr). The standard benchmark is 30%.

ZIP 60056 20%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60056 (Mount Prospect, IL)

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