ZIP Code · IL

ZIP 60614

Part of Chicago, IL

Pop. 70,693·Cook County·12th most expensive ZIP in Illinois

Median rent (all units)

$2,869/mo

Year-over-Year

+9.5%

Month-over-Month

+1.0%

vs US Median

+$937

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60614 · $2,869

More expensive than 88% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 60614 usually run 2.5% below trend in December and 2.2% above it in June, about $135 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 60614 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Illinois

Rent in ZIP 60614 changed +9.5% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 60614 rose 27.9% while median household income rose 16.5% ($117,138 to $136,448). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60614 is 48.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 10 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($136,448) is $3,411 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.

Rank in Chicago

46th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60657, 1 mile away, rents for 14% less ($2,480/mo), about $4,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60614. 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.

Annual cost

$34,428/yr

At $2,869/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.5% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 60614 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 87.2% of residents hold a bachelor's degree or higher.

Population

70,693

Median income

$136,448

Median age

31.1

Renters

55.9%

Age distribution

14.1%

45.9%

21.3%

Under 1814.1%

18–3445.9%

35–5421.3%

55–649.3%

65+9.4%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

78.9%

White78.9%

Black3%

Hispanic7.5%

Asian8.1%

Other2.6%

Education (25+)

87.2%

No HS diploma1.9%

HS diploma3.3%

Some college7.6%

Bachelor's+87.2%

Housing tenure

44.1%

55.9%

Owner44.1%

Renter55.9%

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

2021 vs 2026

How ZIP 60614 in Chicago, IL has changed in 5 years

Rent

$1,888 → $2,869

up 52.0%

Income

$123,610 → $136,448

up 10.4%

Population

72,119 → 70,693

down 2.0%

Renter share

54.7% → 55.9%

+1.2 pts

Bachelor's+

85.9% → 87.2%

+1.3 pts

Since 2021, the typical rent in ZIP 60614 in Chicago, IL has increased from $1,888 to $2,869, a 52.0% change over five years. Census figures show median household income at $136,448 today, compared with $123,610 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.0% since 2021, moving from about 72,119 residents to roughly 70,693. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 60614

Last updated: October 17, 2026

ZIP code 60614 covers Chicago, IL. The median rent here is $2,869/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 25% of local median household income ($136,448/yr), ZIP 60614 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60614?

To keep rent at or below 30% of gross income, you would need to earn at least $115,000/year (about $55/hour full-time) to afford the median rent of $2,869/mo in ZIP 60614. The local median household income is $136,448/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60614?

Rent in ZIP 60614 has risen 9.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 60614?

Asking rents in ZIP 60614 are usually lowest in December, about 2.5% below their yearly trend, and highest in June, about 2.2% above it. At today's median that is a gap of roughly $135 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 60614?

Yes. From 2019 to 2024, rent in ZIP 60614 rose 27.9% while median household income rose 16.5%, from $117,138 to $136,448. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60614 compare to other ZIPs in Illinois?

ZIP 60614 is one of the pricier among Illinois ZIP codes for rent, ranking #12 of 227 at $2,869/mo. Over the year to September 2026, rent in ZIP 60614 changed +9.5%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.