ZIP Code · IL

ZIP 60074

Part of Palatine, IL

Pop. 36,460·Cook County·103rd most expensive ZIP in Illinois

Median rent (all units)

$1,945/mo

Year-over-Year

+1.7%

Month-over-Month

+0.3%

vs US Median

+$13

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60074 · $1,945

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,580

1 BR

$1,690

2 BR

$1,900

3 BR

$2,450

4 BR+

$2,830

Research median

$1,900/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

Compared with the peak

Rent in ZIP 60074 is 0.1% below its high of $1,947 in May 2026, at $1,945 as of September 2026.

Past year vs. the rest of Illinois

Rent in ZIP 60074 changed +1.7% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($84,089) is $2,102 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,900); a 3-bedroom is $2,450.

From Zillow's monthly rent index (ZORI) for ZIP 60074. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,340/yr

At $1,945/mo median

Location

CityPalatine

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.7% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 60074 (Palatine, IL) is majority owner-occupied, 44.4% of residents hold a bachelor's degree or higher.

Population

36,460

Median income

$84,089

Median age

39.3

Renters

38.4%

Age distribution

21.8%

22.4%

27.1%

13.2%

15.5%

Under 1821.8%

18–3422.4%

35–5427.1%

55–6413.2%

65+15.5%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

56.3%

30.2%

White56.3%

Black4.7%

Hispanic30.2%

Asian9.9%

Education (25+)

13.9%

19.2%

22.4%

44.4%

No HS diploma13.9%

HS diploma19.2%

Some college22.4%

Bachelor's+44.4%

Housing tenure

61.6%

38.4%

Owner61.6%

Renter38.4%

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

2023 vs 2026

How ZIP 60074 in Palatine, IL has changed in 5 years

Rent

$1,696 → $1,945

up 14.7%

Income

$70,999 → $84,089

up 18.4%

Population

37,655 → 36,460

down 3.2%

Renter share

39.2% → 38.4%

-0.8 pts

Bachelor's+

41.5% → 44.4%

+2.9 pts

Median age

35.3 → 39.3

+4.0 yrs

Since 2023, the typical rent in ZIP 60074 in Palatine, IL has climbed from $1,696 to $1,945, a 14.7% change over five years. Median household income rose from $70,999 to $84,089 between 2021 and 2024, a 18.4% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 3.2% since 2021, moving from about 37,655 residents to roughly 36,460. College-educated residents now make up 44.4% of adults here, versus 41.5% in 2021. Taken together, the five-year picture in ZIP 60074 in Palatine, 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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About renting in ZIP 60074

Last updated: October 17, 2026

ZIP code 60074 covers Palatine, IL. The median rent here is $1,945/mo as of October 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $1,900/mo.

At 28% of local median household income ($84,089/yr), ZIP 60074 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60074?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,945/mo in ZIP 60074. The local median household income is $84,089/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60074?

Rent in ZIP 60074 has risen 1.7% over the past year as of September 2026. It sits 0.1% below its high of $1,947 in May 2026.

How does ZIP 60074 compare to other ZIPs in Illinois?

ZIP 60074 is in the middle among Illinois ZIP codes for rent, ranking #103 of 227 at $1,945/mo. Over the year to September 2026, rent in ZIP 60074 changed +1.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.