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
January. Asking rents in ZIP 60607 usually run 2% below trend in January and 1.8% above it in July, about $113 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 60607 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60607 changed +6.1% 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 60607 rose 15.3% while median household income rose 24.3% ($102,726 to $127,732). Income kept ahead of rent.
Rent in ZIP 60607 is 26.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 22 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($127,732) is $3,193 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.
50th cheapest of 51 ZIP codes in Chicago.
ZIP 60661, 1 mile away, rents for 12% less ($2,607/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60607. 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 60607 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 81.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60607 in Chicago, IL has changed in 5 years
Since 2021, the typical rent in ZIP 60607 in Chicago, IL has increased from $2,223 to $2,975, a 33.8% change over five years. On the earnings side, the typical household in ZIP 60607 in Chicago, IL now reports about $127,732, up from $109,634 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 8.0% since 2021, moving from about 29,990 residents to roughly 32,392. Renters now make up 58.7% of households, compared with 54.1% five years ago. College-educated residents now make up 81.7% of adults here, versus 78.9% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 60607 in Chicago, IL reflects that arc in its own way.
Discussions about ZIP 60607
No discussions yet. Start the conversation.
Tips for renters in ZIP 60607
Last updated: October 17, 2026
ZIP code 60607 covers Chicago, IL. The median rent here is $2,975/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 28% of local median household income ($127,732/yr), ZIP 60607 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 60607?
Is rent going up or down in ZIP 60607?
When is the cheapest time to rent in ZIP 60607?
Has rent outpaced income in ZIP 60607?
How does ZIP 60607 compare to other ZIPs in Illinois?
How does ZIP 60607 compare to the rest of Chicago?
At $2,975/mo, rent takes ~28% of ZIP 60607's median household income ($127,732/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.