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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 60606 usually run 3.2% below trend in January and 3% above it in June, about $173 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 60606 is at its highest level since Zillow's records here began in April 2018.
Rent in ZIP 60606 changed +3.6% 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 60606 rose 11.8% while median household income rose -8.5% ($140,558 to $128,609). Rent outpaced income.
Rent in ZIP 60606 is 23% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 10 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($128,609) is $3,215 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.
45th cheapest of 51 ZIP codes in Chicago.
ZIP 60602, 1 mile away, rents for 13% less ($2,438/mo), about $4,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60606. 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 60606 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 93.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60606 in Chicago, IL has changed in 5 years
The median rent in ZIP 60606 in Chicago, IL stood at $1,992 in 2021 and currently runs about $2,794, reflecting a 40.3% increase over the period. Census figures show median household income at $128,609 today, compared with $130,196 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 16.4% since 2021, moving from about 3,298 residents to roughly 3,840. Renters now make up 70.4% of households, compared with 63.3% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 60606
Last updated: October 17, 2026
ZIP code 60606 covers Chicago, IL. The median rent here is $2,794/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 26% of local median household income ($128,609/yr), ZIP 60606 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.
Frequently asked questions
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How does ZIP 60606 compare to the rest of Chicago?
At $2,794/mo, rent takes ~26% of ZIP 60606's median household income ($128,609/yr). The standard benchmark is 30%.
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