ZIP Code · IL

ZIP 60173

Part of Schaumburg, IL

Pop. 13,650·Cook County·73rd most expensive ZIP in Illinois

Median rent (all units)

$2,140/mo

Year-over-Year

+4.8%

Month-over-Month

+0.6%

vs US Median

+$208

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60173 · $2,140

More expensive than 68% 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

$1,940

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 60173 usually run 0.9% below trend in January and 1.1% above it in August, about $43 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 60173 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of Illinois

Rent in ZIP 60173 changed +4.7% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($104,390) is $2,610 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,340); a 3-bedroom is $3,010.

Rank in Schaumburg

3rd cheapest of 3 ZIP codes in Schaumburg.

Cheaper nearby

ZIP 60195, 2 miles away, rents for 16% less ($1,788/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60173. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,680/yr

At $2,140/mo median

Location

CitySchaumburg

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, +0.6% 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

$1,531 → $2,140

up 39.8%

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 $1,531 in 2021 and currently runs about $2,140, reflecting a 39.8% 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.

Community

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Local insights

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About renting in ZIP 60173

Last updated: October 17, 2026

ZIP code 60173 covers Schaumburg, IL. The median rent here is $2,140/mo as of October 2026. A 1-bedroom rents for a median of $2,080/mo. A 2-bedroom rents for a median of $2,340/mo.

At 25% of local median household income ($104,390/yr), ZIP 60173 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

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 $86,000/year (about $41/hour full-time) to afford the median rent of $2,140/mo in ZIP 60173. The local median household income is $104,390/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60173?

Rent in ZIP 60173 has risen 4.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 60173?

Asking rents in ZIP 60173 are usually lowest in January, about 0.9% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $43 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 60173 compare to other ZIPs in Illinois?

ZIP 60173 is one of the pricier among Illinois ZIP codes for rent, ranking #73 of 227 at $2,140/mo. Over the year to September 2026, rent in ZIP 60173 changed +4.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.