ZIP Code · IL

ZIP 60503

Part of Aurora, IL

Pop. 16,789·Will County·22nd most expensive ZIP in Illinois

Median rent (all units)

$2,661/mo

Year-over-Year

Stable

Month-over-Month

+1.6%

vs US Median

+$729

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60503 · $2,661

More expensive than 84% 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

$1,970

1 BR

$2,130

2 BR

$2,500

3 BR

$3,290

4 BR+

$3,680

Research median

$2,500/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

What a typical income covers

30% of the median household income ($136,726) is $3,418 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,290); a 4-bedroom is $3,680.

Rank in Aurora

5th cheapest of 5 ZIP codes in Aurora.

Cheaper nearby

ZIP 60504, 3 miles away, rents for 15% less ($2,266/mo), about $4,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60503. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$31,932/yr

At $2,661/mo median

Location

CityAurora

StateIL

CountyWill County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.6% MoM), not inventory.

Demographics

Who lives here

ZIP 60503 (Aurora, IL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 60.4% of residents hold a bachelor's degree or higher.

Population

16,789

Median income

$136,726

Median age

34.9

Renters

9.8%

Age distribution

28.5%

21.7%

32%

Under 1828.5%

18–3421.7%

35–5432%

55–6410.6%

65+7.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

54.4%

13.9%

21.2%

White54.4%

Black12.1%

Hispanic13.9%

Asian21.2%

Education (25+)

25.6%

60.4%

No HS diploma3.6%

HS diploma10.4%

Some college25.6%

Bachelor's+60.4%

Housing tenure

90.2%

Owner90.2%

Renter9.8%

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

2021 vs 2026

How ZIP 60503 in Aurora, IL has changed in 5 years

Income

$112,884 → $136,726

up 21.1%

Population

16,752 → 16,789

up 0.2%

Renter share

12.9% → 9.8%

-3.1 pts

Bachelor's+

53.8% → 60.4%

+6.6 pts

Median age

35.6 → 34.9

-0.7 yrs

Median household income rose from $112,884 to $136,726 between 2021 and 2024, a 21.1% shift. Renters now make up 9.8% of households, compared with 12.9% five years ago. College-educated residents now make up 60.4% of adults here, versus 53.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 60503

About renting in ZIP 60503

Last updated: October 17, 2026

ZIP code 60503 covers Aurora, IL. The median rent here is $2,661/mo as of October 2026. A 1-bedroom rents for a median of $2,130/mo. A 2-bedroom rents for a median of $2,500/mo.

At 23% of local median household income ($136,726/yr), ZIP 60503 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 income do you need to rent in ZIP 60503?

To keep rent at or below 30% of gross income, you would need to earn at least $106,000/year (about $51/hour full-time) to afford the median rent of $2,661/mo in ZIP 60503. The local median household income is $136,726/yr, so the typical household meets that bar.