ZIP Code · IL

ZIP 60201

Part of Evanston, IL

Pop. 43,744·Cook County·16th most expensive ZIP in Illinois

Median rent (all units)

$2,762/mo

Year-over-Year

+3.1%

Month-over-Month

-0.5%

vs US Median

+$830

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60201 · $2,762

More expensive than 86% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,970

1 BR

$2,100

2 BR

$2,370

3 BR

$3,050

4 BR+

$3,530

Research median

$2,370/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

September. Asking rents in ZIP 60201 usually run 1.2% below trend in September and 0.9% above it in January, about $58 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 60201 is 0.5% below its high of $2,776 in August 2026, at $2,762 as of September 2026.

Past year vs. the rest of Illinois

Rent in ZIP 60201 changed +3.1% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 60201 rose 31.5% while median household income rose 15.7% ($78,250 to $90,545). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60201 is 43.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($90,545) is $2,264 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,100); a 2-bedroom is $2,370.

Cheaper nearby

ZIP 60202, 2 miles away, rents for 29% less ($1,966/mo), about $9,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60201. 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

$33,144/yr

At $2,762/mo median

Location

CityEvanston

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.1% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 60201 (Evanston, IL) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 73.5% of residents hold a bachelor's degree or higher.

Population

43,744

Median income

$90,545

Median age

35.1

Renters

45.4%

Age distribution

16.2%

33.7%

19.1%

20.5%

Under 1816.2%

18–3433.7%

35–5419.1%

55–6410.5%

65+20.5%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

63.2%

White63.2%

Black11.4%

Hispanic10.9%

Asian10.6%

Other3.9%

Education (25+)

13.6%

73.5%

No HS diploma3%

HS diploma9.9%

Some college13.6%

Bachelor's+73.5%

Housing tenure

54.6%

45.4%

Owner54.6%

Renter45.4%

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

2021 vs 2026

How ZIP 60201 in Evanston, IL has changed in 5 years

Rent

$2,027 → $2,762

up 36.3%

Income

$81,128 → $90,545

up 11.6%

Population

43,452 → 43,744

up 0.7%

Renter share

42.8% → 45.4%

+2.6 pts

Bachelor's+

72.6% → 73.5%

+0.9 pts

Median age

32.4 → 35.1

+2.7 yrs

Five years ago, renters in ZIP 60201 in Evanston, IL paid around $2,027 a month. That figure now sits near $2,762, up 36.3% from the 2021 baseline. Census figures show median household income at $90,545 today, compared with $81,128 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 42.8% to 45.4%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 60201

Last updated: October 17, 2026

ZIP code 60201 covers Evanston, IL. The median rent here is $2,762/mo as of October 2026. A 1-bedroom rents for a median of $2,100/mo. A 2-bedroom rents for a median of $2,370/mo.

At 37% of local median household income ($90,545/yr), ZIP 60201 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60201?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (about $53/hour full-time) to afford the median rent of $2,762/mo in ZIP 60201. The local median household income is $90,545/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 60201?

Rent in ZIP 60201 has risen 3.1% over the past year as of September 2026. It sits 0.5% below its high of $2,776 in August 2026.

When is the cheapest time to rent in ZIP 60201?

Asking rents in ZIP 60201 are usually lowest in September, about 1.2% below their yearly trend, and highest in January, about 0.9% above it. At today's median that is a gap of roughly $58 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 60201?

Yes. From 2019 to 2024, rent in ZIP 60201 rose 31.5% while median household income rose 15.7%, from $78,250 to $90,545. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60201 compare to other ZIPs in Illinois?

ZIP 60201 is one of the pricier among Illinois ZIP codes for rent, ranking #16 of 227 at $2,762/mo. Over the year to September 2026, rent in ZIP 60201 changed +3.1%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.