ZIP Code · IL

ZIP 60131

Part of Franklin Park, IL

Pop. 18,054·Cook County·122nd most expensive ZIP in Illinois

Median rent (all units)

$1,800/mo

Year-over-Year

Stable

Month-over-Month

+5.9%

vs US Median

-$132

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60131 · $1,800

More affordable 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

$1,200

1 BR

$1,290

2 BR

$1,450

3 BR

$1,870

4 BR+

$2,160

Research median

$1,450/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($76,658) is $1,916 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,870); a 4-bedroom is $2,160.

Cheaper nearby

ZIP 60656, 4 miles away, rents for 10% less ($1,611/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60131. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,600/yr

At $1,800/mo median

Location

CityFranklin Park

StateIL

CountyCook County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +5.9% MoM), not inventory.

Demographics

Who lives here

ZIP 60131 (Franklin Park, IL) is majority owner-occupied, 19.6% of residents hold a bachelor's degree or higher.

Population

18,054

Median income

$76,658

Median age

38.4

Renters

24.6%

Age distribution

23.8%

23.2%

28.2%

13.1%

Under 1823.8%

18–3423.2%

35–5428.2%

55–6413.1%

65+11.6%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

39.5%

61.9%

White39.5%

Black0.8%

Hispanic61.9%

Asian2.3%

Education (25+)

22.8%

31.3%

26.4%

19.6%

No HS diploma22.8%

HS diploma31.3%

Some college26.4%

Bachelor's+19.6%

Housing tenure

75.4%

24.6%

Owner75.4%

Renter24.6%

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

2021 vs 2026

How ZIP 60131 in Franklin Park, IL has changed in 5 years

Income

$70,267 → $76,658

up 9.1%

Population

18,409 → 18,054

down 1.9%

Renter share

26.8% → 24.6%

-2.2 pts

Bachelor's+

16.2% → 19.6%

+3.4 pts

Median household income rose from $70,267 to $76,658 between 2021 and 2024, a 9.1% shift. The population has contracted by 1.9% since 2021, moving from about 18,409 residents to roughly 18,054. Renters now make up 24.6% of households, compared with 26.8% five years ago. College-educated residents now make up 19.6% of adults here, versus 16.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 60131

About renting in ZIP 60131

Last updated: September 25, 2026

ZIP code 60131 covers Franklin Park, IL. The median rent here is $1,800/mo as of September 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,450/mo.

At 28% of local median household income ($76,658/yr), ZIP 60131 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 60131?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,800/mo in ZIP 60131. The local median household income is $76,658/yr, so the typical household meets that bar.