ZIP 60605
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 60605 usually run 1.7% below trend in December and 1.8% above it in July, about $96 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60605 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60605 changed +5.4% 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 60605 rose 13.1% while median household income rose 11.2% ($111,438 to $123,922). Rent outpaced income.
Rent in ZIP 60605 is 25% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($123,922) is $3,098 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.
44th cheapest of 51 ZIP codes in Chicago.
ZIP 60603, 1 mile away, rents for 14% less ($2,382/mo), about $4,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60605. 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 60605 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 82.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60605 in Chicago, IL has changed in 5 years
Since 2021, the typical rent in ZIP 60605 in Chicago, IL has climbed from $2,063 to $2,756, a 33.6% change over five years. Local incomes tracked alongside that move, going from a median of $112,162 in 2021 to $123,922 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 12.9% since 2021, moving from about 32,077 residents to roughly 36,210. Renters now make up 57.7% of households, compared with 54.5% five years ago. College-educated residents now make up 82.9% of adults here, versus 78.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60605 in Chicago, IL market of 2021.
Discussions about ZIP 60605
No discussions yet. Start the conversation.
Tips for renters in ZIP 60605
Last updated: October 17, 2026
ZIP code 60605 covers Chicago, IL. The median rent here is $2,756/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 27% of local median household income ($123,922/yr), ZIP 60605 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 60605?
Is rent going up or down in ZIP 60605?
When is the cheapest time to rent in ZIP 60605?
Has rent outpaced income in ZIP 60605?
How does ZIP 60605 compare to other ZIPs in Illinois?
How does ZIP 60605 compare to the rest of Chicago?
At $2,756/mo, rent takes ~27% of ZIP 60605's median household income ($123,922/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.