ZIP Code · IL

ZIP 60515

Pop. 29,762·DuPage County·38th most expensive ZIP in Illinois
Median rent (all units)
$2,433/mo
Year-over-Year
+5.9%
Month-over-Month
+0.8%
vs US Median
+$501
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60515 · $2,433
More expensive than 78% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,750
1 BR
$1,870
2 BR
$2,110
3 BR
$2,720
4 BR+
$3,140
Research median
$2,110/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

Compared with the peak

Rent in ZIP 60515 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of Illinois

Rent in ZIP 60515 changed +5.9% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($123,197) is $3,080 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,720); a 4-bedroom is $3,140.

Cheaper nearby

ZIP 60559, 3 miles away, rents for 23% less ($1,871/mo), about $6,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60515. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$29,196/yr
At $2,433/mo median
Location
StateIL
CountyDuPage County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.9% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 60515 (Downers Grove, IL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 62.5% of residents hold a bachelor's degree or higher.

Population
29,762
Median income
$123,197
Median age
44
Renters
24.2%
Age distribution
22.9%
15.5%
27.6%
13.5%
20.6%
Under 1822.9%
18–3415.5%
35–5427.6%
55–6413.5%
65+20.6%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
84.1%
White84.1%
Black2.4%
Hispanic4.2%
Asian5.3%
Other4%
Education (25+)
24.3%
62.5%
No HS diploma1.7%
HS diploma11.6%
Some college24.3%
Bachelor's+62.5%
Housing tenure
75.8%
24.2%
Owner75.8%
Renter24.2%

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

2022 vs 2026

How ZIP 60515 in Downers Grove, IL has changed in 5 years

Rent
$1,913 → $2,433
up 27.2%
Income
$107,554 → $123,197
up 14.5%
Population
29,144 → 29,762
up 2.1%
Renter share
22.3% → 24.2%
+1.9 pts
Bachelor's+
61.8% → 62.5%
+0.7 pts

Rent in ZIP 60515 in Downers Grove, IL has climbed 27.2% since 2022, going from about $1,913 per month to roughly $2,433 today. Local incomes tracked alongside that move, going from a median of $107,554 in 2021 to $123,197 more recently. Rent outpaced income growth by roughly 12.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 29,144 to 29,762 between 2021 and 2024, a 2.1% change. About 24.2% of households rent today, against 22.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60515 in Downers Grove, IL market of 2022.

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About renting in ZIP 60515

Last updated: October 17, 2026

ZIP code 60515 covers Downers Grove, IL. The median rent here is $2,433/mo as of October 2026. A 1-bedroom rents for a median of $1,870/mo. A 2-bedroom rents for a median of $2,110/mo.

At 24% of local median household income ($123,197/yr), ZIP 60515 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60515?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,433/mo in ZIP 60515. The local median household income is $123,197/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60515?

Rent in ZIP 60515 has risen 5.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 60515 compare to other ZIPs in Illinois?

ZIP 60515 is one of the pricier among Illinois ZIP codes for rent, ranking #38 of 227 at $2,433/mo. Over the year to September 2026, rent in ZIP 60515 changed +5.9%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 60515 compare to the rest of Downers Grove?

At $2,433/mo, ZIP 60515 is $185 above the Downers Grove citywide median of $2,248/mo.
Income Affordability
24%
VERY AFFORDABLE

At $2,433/mo, rent takes ~24% of ZIP 60515's median household income ($123,197/yr). The standard benchmark is 30%.

ZIP 60515 24%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60515 (Downers Grove, IL)

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