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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 60601 usually run 2.7% below trend in January and 3.5% above it in July, about $189 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60601 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60601 changed +4.6% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.
From 2019 to 2024, rent in ZIP 60601 rose 15.5% while median household income rose 17.8% ($103,112 to $121,458). Income kept ahead of rent.
Rent in ZIP 60601 is 24.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($121,458) is $3,036 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.
51st cheapest of 51 ZIP codes in Chicago.
ZIP 60602, 1 mile away, rents for 20% less ($2,438/mo), about $7,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60601. 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.
Who lives here
ZIP 60601 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 83.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60601 in Chicago, IL has changed in 5 years
Compared with 2021, rent in ZIP 60601 in Chicago, IL has increased by $917 per month, settling near $3,042 after starting the period at $2,125. Median household income fell from $123,115 to $121,458 between 2021 and 2024, a 1.3% shift. Rent outpaced income growth by roughly 44.5 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 14,804 to 15,235 between 2021 and 2024, a 2.9% change. About 71.8% of households rent today, against 69.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 88% to 83.9%. Taken together, the five-year picture in ZIP 60601 in Chicago, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 60601
Last updated: October 17, 2026
ZIP code 60601 covers Chicago, IL. The median rent here is $3,042/mo as of October 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.
At 30% of local median household income ($121,458/yr), ZIP 60601 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.
Frequently asked questions
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How does ZIP 60601 compare to the rest of Chicago?
At $3,042/mo, rent takes ~30% of ZIP 60601's median household income ($121,458/yr). The standard benchmark is 30%.
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