ZIP Code · IL

ZIP 60402

Part of Berwyn, IL

Pop. 63,721·Cook County·170th most expensive ZIP in Illinois

Median rent (all units)

$1,448/mo

Year-over-Year

+2.9%

Month-over-Month

-0.6%

vs US Median

-$484

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 60402 · $1,448

More affordable than 77% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,300

2 BR

$1,460

3 BR

$1,880

4 BR+

$2,170

Research median

$1,460/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

November. Asking rents in ZIP 60402 usually run 1% below trend in November and 0.6% above it in May, about $23 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 60402 is 0.6% below its high of $1,457 in August 2026, at $1,448 as of September 2026.

Past year vs. the rest of Illinois

Rent in ZIP 60402 changed +2.9% 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 60402 rose 30.5% while median household income rose 23.2% ($63,087 to $77,718). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60402 is 41.5% 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 ($77,718) is $1,943 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,880); a 4-bedroom is $2,170.

From Zillow's monthly rent index (ZORI) for ZIP 60402. 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

$17,376/yr

At $1,448/mo median

Location

CityBerwyn

StateIL

CountyCook County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.9% YoY, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 60402 (Berwyn, IL) is majority owner-occupied, 24% of residents hold a bachelor's degree or higher.

Population

63,721

Median income

$77,718

Median age

37.7

Renters

36.1%

Age distribution

22.9%

22.6%

28.7%

14.1%

Under 1822.9%

18–3422.6%

35–5428.7%

55–6411.8%

65+14.1%

Gender

51.6%

48.4%

Male51.6%

Female48.4%

Race & ethnicity

32.1%

64%

White32.1%

Black6.8%

Hispanic64%

Asian3.5%

Education (25+)

15.2%

29.6%

31.2%

24%

No HS diploma15.2%

HS diploma29.6%

Some college31.2%

Bachelor's+24%

Housing tenure

63.9%

36.1%

Owner63.9%

Renter36.1%

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

2021 vs 2026

How ZIP 60402 in Berwyn, IL has changed in 5 years

Rent

$1,056 → $1,448

up 37.1%

Income

$65,076 → $77,718

up 19.4%

Population

65,326 → 63,721

down 2.5%

Renter share

38.5% → 36.1%

-2.4 pts

Bachelor's+

23% → 24%

+1.0 pts

Median age

36.2 → 37.7

+1.5 yrs

Since 2021, the typical rent in ZIP 60402 in Berwyn, IL has climbed from $1,056 to $1,448, a 37.1% change over five years. Local incomes tracked alongside that move, going from a median of $65,076 in 2021 to $77,718 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.5% since 2021, moving from about 65,326 residents to roughly 63,721. Renters now make up 36.1% of households, compared with 38.5% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60402 in Berwyn, IL market of 2021.

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About renting in ZIP 60402

Last updated: October 17, 2026

ZIP code 60402 covers Berwyn, IL. The median rent here is $1,448/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,460/mo.

At 22% of local median household income ($77,718/yr), ZIP 60402 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60402?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,448/mo in ZIP 60402. The local median household income is $77,718/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60402?

Rent in ZIP 60402 has risen 2.9% over the past year as of September 2026. It sits 0.6% below its high of $1,457 in August 2026.

When is the cheapest time to rent in ZIP 60402?

Asking rents in ZIP 60402 are usually lowest in November, about 1% below their yearly trend, and highest in May, about 0.6% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 60402?

Yes. From 2019 to 2024, rent in ZIP 60402 rose 30.5% while median household income rose 23.2%, from $63,087 to $77,718. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60402 compare to other ZIPs in Illinois?

ZIP 60402 is one of the more affordable among Illinois ZIP codes for rent, ranking #170 of 227 at $1,448/mo. Over the year to September 2026, rent in ZIP 60402 changed +2.9%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.