ZIP Code · IL

ZIP 60087

Part of Waukegan, IL

Pop. 27,293·Lake County·151st most expensive ZIP in Illinois

Median rent (all units)

$1,592/mo

Year-over-Year

Stable

Month-over-Month

+0.3%

vs US Median

-$340

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60087 · $1,592

More affordable than 66% 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

$1,350

1 BR

$1,450

2 BR

$1,630

3 BR

$2,100

4 BR+

$2,430

Research median

$1,630/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

What a typical income covers

30% of the median household income ($76,738) is $1,918 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,630); a 3-bedroom is $2,100.

Cheaper nearby

ZIP 60099, 4 miles away, rents for 11% less ($1,422/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60087. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,104/yr

At $1,592/mo median

Location

CityWaukegan

StateIL

CountyLake 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 (+0.0% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 60087 (Waukegan, IL) is majority owner-occupied, 19.6% of residents hold a bachelor's degree or higher.

Population

27,293

Median income

$76,738

Median age

37.6

Renters

40.1%

Age distribution

21.3%

25.9%

24.1%

13.4%

15.3%

Under 1821.3%

18–3425.9%

35–5424.1%

55–6413.4%

65+15.3%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

33.6%

18%

53.1%

White33.6%

Black18%

Hispanic53.1%

Asian3.6%

Education (25+)

22.3%

30.6%

27.5%

19.6%

No HS diploma22.3%

HS diploma30.6%

Some college27.5%

Bachelor's+19.6%

Housing tenure

59.9%

40.1%

Owner59.9%

Renter40.1%

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

2021 vs 2026

How ZIP 60087 in Waukegan, IL has changed in 5 years

Income

$66,845 → $76,738

up 14.8%

Population

27,470 → 27,293

down 0.6%

Renter share

37.1% → 40.1%

+3.0 pts

Bachelor's+

18.2% → 19.6%

+1.4 pts

Median age

34.6 → 37.6

+3.0 yrs

Household income in the area moved from $66,845 to $76,738 across the same window, up 14.8% versus 2021. The renter share has risen from 37.1% to 40.1%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 60087

Last updated: October 17, 2026

ZIP code 60087 covers Waukegan, IL. The median rent here is $1,592/mo as of October 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,630/mo.

At 25% of local median household income ($76,738/yr), ZIP 60087 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60087?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,592/mo in ZIP 60087. The local median household income is $76,738/yr, so the typical household meets that bar.