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ZIP Code · IL

ZIP 60173

Pop. 13,650·Cook County·90th most expensive ZIP in Illinois
Median rent (all units)
$2,080/mo
Year-over-Year
-1.1%
Month-over-Month
-1.1%
vs US Median
+$115
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60173 · $2,080
More expensive than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,940
1 BR
$2,080
2 BR
$2,340
3 BR
$3,010
4 BR+
$3,490
Research median
$2,340/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
$24,960/yr
At $2,080/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.1% YoY, -1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 60173 (Schaumburg, IL) is majority renter-occupied, has a median income above the national average, 65.4% of residents hold a bachelor's degree or higher.

Population
13,650
Median income
$104,390
Median age
35.5
Renters
66.6%
Age distribution
20.3%
28.3%
29%
Under 1820.3%
18–3428.3%
35–5429%
55–6411.5%
65+10.9%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
39.4%
39.7%
White39.4%
Black8.1%
Hispanic9%
Asian39.7%
Other3.9%
Education (25+)
18.2%
65.4%
No HS diploma4.4%
HS diploma12%
Some college18.2%
Bachelor's+65.4%
Housing tenure
33.4%
66.6%
Owner33.4%
Renter66.6%

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

2021 vs 2026

How ZIP 60173 in Schaumburg, IL has changed in 5 years

Rent
$1,582 → $2,080
up 31.5%
Income
$96,393 → $104,390
up 8.3%
Population
14,016 → 13,650
down 2.6%
Renter share
65.2% → 66.6%
+1.4 pts
Bachelor's+
67.1% → 65.4%
-1.7 pts
Median age
34.2 → 35.5
+1.3 yrs

The median rent in ZIP 60173 in Schaumburg, IL stood at $1,582 in 2021 and currently runs about $2,080, reflecting a 31.5% increase over the period. On the earnings side, the typical household in ZIP 60173 in Schaumburg, IL now reports about $104,390, up from $96,393 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.6% since 2021, moving from about 14,016 residents to roughly 13,650. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 60173 in Schaumburg, IL reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 60173

About renting in ZIP 60173

Last updated: July 20, 2026

ZIP code 60173 covers Schaumburg, IL. The median rent here is $2,080/mo as of July 2026. A 1-bedroom rents for a median of $2,080/mo. A 2-bedroom rents for a median of $2,340/mo.

At 24% of local median household income ($104,390/yr), ZIP 60173 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60173?

As of July 20, 2026, the median monthly rent in ZIP 60173 (Schaumburg, IL) is $2,080. This is based on aggregated data from public sources and community submissions.

How does ZIP 60173 rent compare to the US average?

ZIP 60173's median rent of $2,080/mo is $115 (6%) above the US national median of $1,965/mo.

How does ZIP 60173 compare to other ZIPs in Illinois?

ZIP 60173 falls in the middle range for Illinois, ranking #90 out of 230 ZIPs at $2,080/mo.

How much income do you need to rent in ZIP 60173?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,080/mo in ZIP 60173. The local median household income is $104,390/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60173?

Rent in ZIP 60173 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60173 an affordable place to rent?

ZIP 60173 is considered very affordable for renters. At $2,080/mo, rent takes approximately 24% of the local median household income ($104,390/yr). The standard benchmark is 30%. ZIP 60173 falls comfortably within that range.

What percentage of ZIP 60173 residents rent vs. own?

According to Census data, approximately 66.6% of ZIP 60173 households are renters, while 33.4% are owner-occupied. With a majority renter population, ZIP 60173 has a strong rental market.

How does ZIP 60173 compare to the rest of Schaumburg?

ZIP 60173 is more affordable than Schaumburg overall. At $2,080/mo, it's $19 below the Schaumburg citywide median of $2,099/mo.

When was rent data for ZIP 60173 last updated?

Rent data for ZIP 60173 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,080/mo, rent takes ~24% of ZIP 60173's median household income ($104,390/yr). The standard benchmark is 30%.

ZIP 60173 24%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60173 (Schaumburg, IL)

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