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ZIP Code · IL

ZIP 60074

Part of Palatine, IL
Pop. 36,460·Cook County·92nd most expensive ZIP in Illinois
Median rent (all units)
$2,049/mo
Year-over-Year
+8.6%
Month-over-Month
-4.3%
vs US Median
+$84
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60074 · $2,049
More expensive than 63% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$24,588/yr
At $2,049/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+8.6% YoY, -4.3% 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

2021 vs 2026

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

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

Median household income rose from $70,999 to $84,089 between 2021 and 2024, a 18.4% shift. 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.

Community

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Local insights

Tips for renters in ZIP 60074

About renting in ZIP 60074

Last updated: July 20, 2026

ZIP code 60074 covers Palatine, IL. The median rent here is $2,049/mo as of July 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $1,900/mo.

At 29% of local median household income ($84,089/yr), ZIP 60074 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60074?

As of July 20, 2026, the median monthly rent in ZIP 60074 (Palatine, IL) is $2,049. This is based on aggregated data from public sources and community submissions.

How does ZIP 60074 rent compare to the US average?

ZIP 60074's median rent of $2,049/mo is $84 (4%) above the US national median of $1,965/mo.

How does ZIP 60074 compare to other ZIPs in Illinois?

ZIP 60074 falls in the middle range for Illinois, ranking #92 out of 230 ZIPs at $2,049/mo.

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 $82,000/year (~$39/hour full-time) to afford the median rent of $2,049/mo in ZIP 60074. The local median household income is $84,089/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60074?

Rent in ZIP 60074 has increased 8.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60074 an affordable place to rent?

ZIP 60074 is considered affordable for renters. At $2,049/mo, rent takes approximately 29% of the local median household income ($84,089/yr). The standard benchmark is 30%. ZIP 60074 falls comfortably within that range.

What percentage of ZIP 60074 residents rent vs. own?

According to Census data, approximately 38.4% of ZIP 60074 households are renters, while 61.6% are owner-occupied. ZIP 60074 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60074 compare to the rest of Palatine?

ZIP 60074 is pricier than Palatine as a whole. At $2,049/mo, it's $59 above the Palatine citywide median of $1,990/mo.

When was rent data for ZIP 60074 last updated?

Rent data for ZIP 60074 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $2,049/mo, rent takes ~29% of ZIP 60074's median household income ($84,089/yr). The standard benchmark is 30%.

ZIP 60074 29%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60074 (Palatine, IL)

Recent submissions

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