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ZIP Code · IL

ZIP 60602

Part of Chicago, IL
Pop. 1,480·Cook County·29th most expensive ZIP in Illinois
Median rent (all units)
$2,556/mo
Year-over-Year
Stable
Month-over-Month
-1.6%
vs US Median
+$591
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60602 · $2,556
More expensive than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,220
1 BR
$2,370
2 BR
$2,670
3 BR
$3,440
4 BR+
$3,980
Research median
$2,670/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: July 20, 2026

Annual cost
$30,672/yr
At $2,556/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 60602 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 63.8% of residents hold a bachelor's degree or higher.

Population
1,480
Median income
$126,202
Median age
28
Renters
62.8%
Age distribution
12.6%
66.6%
Under 1812.6%
18–3466.6%
35–5411.3%
55–644.4%
65+5.1%
Gender
44.2%
55.8%
Male44.2%
Female55.8%
Race & ethnicity
48.4%
32.8%
25.9%
White48.4%
Black1.9%
Hispanic32.8%
Asian25.9%
Education (25+)
16.4%
17.8%
63.8%
No HS diploma2%
HS diploma16.4%
Some college17.8%
Bachelor's+63.8%
Housing tenure
37.2%
62.8%
Owner37.2%
Renter62.8%

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

2021 vs 2026

How ZIP 60602 in Chicago, IL has changed in 5 years

Income
$235,666 → $126,202
down 46.4%
Population
1,142 → 1,480
up 29.6%
Renter share
34.3% → 62.8%
+28.5 pts
Bachelor's+
82.2% → 63.8%
-18.4 pts
Median age
33.4 → 28
-5.4 yrs

On the earnings side, the typical household in ZIP 60602 in Chicago, IL now reports about $126,202, up from $235,666 in 2021. Headcount in the area went from 1,142 to 1,480 between 2021 and 2024, a 29.6% change. About 62.8% of households rent today, against 34.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 82.2% to 63.8%.

Community

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Local insights

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About renting in ZIP 60602

Last updated: July 20, 2026

ZIP code 60602 covers Chicago, IL. The median rent here is $2,556/mo as of July 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.

At 24% of local median household income ($126,202/yr), ZIP 60602 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 is rent in ZIP code 60602?

As of July 20, 2026, the median monthly rent in ZIP 60602 (Chicago, IL) is $2,556. This is based on aggregated data from public sources and community submissions.

How does ZIP 60602 rent compare to the US average?

ZIP 60602's median rent of $2,556/mo is $591 (30%) above the US national median of $1,965/mo.

How does ZIP 60602 compare to other ZIPs in Illinois?

ZIP 60602 is one of the pricier ZIP codes in Illinois, ranking #29 out of 230 ZIPs tracked at $2,556/mo.

How much income do you need to rent in ZIP 60602?

To keep rent at or below 30% of gross income, you would need to earn at least $102,000/year (~$49/hour full-time) to afford the median rent of $2,556/mo in ZIP 60602. The local median household income is $126,202/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60602?

Rent in ZIP 60602 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 60602 an affordable place to rent?

ZIP 60602 is considered very affordable for renters. At $2,556/mo, rent takes approximately 24% of the local median household income ($126,202/yr). The standard benchmark is 30%. ZIP 60602 falls comfortably within that range.

What percentage of ZIP 60602 residents rent vs. own?

According to Census data, approximately 62.8% of ZIP 60602 households are renters, while 37.2% are owner-occupied. With a majority renter population, ZIP 60602 has a strong rental market.

How does ZIP 60602 compare to the rest of Chicago?

ZIP 60602 is pricier than Chicago as a whole. At $2,556/mo, it's $147 above the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60602 last updated?

Rent data for ZIP 60602 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,556/mo, rent takes ~24% of ZIP 60602's median household income ($126,202/yr). The standard benchmark is 30%.

ZIP 60602 24%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60602 (Chicago, IL)

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