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ZIP Code · IL

ZIP 60131

Pop. 18,054·Cook County·135th most expensive ZIP in Illinois
Median rent (all units)
$1,700/mo
Year-over-Year
Stable
Month-over-Month
+17.2%
vs US Median
-$265
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60131 · $1,700
More affordable than 58% of US ZIP codes · National median $1,965/mo
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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: May 18, 2026

Annual cost
$20,400/yr
At $1,700/mo median
Location
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, +17.2% 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: May 18, 2026

ZIP code 60131 covers Franklin Park, IL. The median rent here is $1,700/mo as of May 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,450/mo.

At 27% 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 is rent in ZIP code 60131?

As of May 18, 2026, the median monthly rent in ZIP 60131 (Franklin Park, IL) is $1,700. This is based on aggregated data from public sources and community submissions.

How does ZIP 60131 rent compare to the US average?

ZIP 60131's median rent of $1,700/mo is $265 (13%) below the US national median of $1,965/mo.

How does ZIP 60131 compare to other ZIPs in Illinois?

ZIP 60131 falls in the middle range for Illinois, ranking #135 out of 229 ZIPs at $1,700/mo.

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 $68,000/year (~$33/hour full-time) to afford the median rent of $1,700/mo in ZIP 60131. The local median household income is $76,658/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60131?

Rent in ZIP 60131 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 60131 an affordable place to rent?

ZIP 60131 is considered affordable for renters. At $1,700/mo, rent takes approximately 27% of the local median household income ($76,658/yr). The standard benchmark is 30%. ZIP 60131 falls comfortably within that range.

What percentage of ZIP 60131 residents rent vs. own?

According to Census data, approximately 24.6% of ZIP 60131 households are renters, while 75.4% are owner-occupied. ZIP 60131 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60131 compare to the rest of Franklin Park?

ZIP 60131 sits right at the Franklin Park citywide median of $1,700/mo.

When was rent data for ZIP 60131 last updated?

Rent data for ZIP 60131 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,700/mo, rent takes ~27% of ZIP 60131's median household income ($76,658/yr). The standard benchmark is 30%.

ZIP 60131 27%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60131 (Franklin Park, IL)

Recent submissions

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