ZIP 60616
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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 60616 usually run 2.2% below trend in December and 1.9% above it in July, about $76 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60616 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60616 changed +3.7% 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 60616 rose 19.3% while median household income rose 41.5% ($52,162 to $73,819). Income kept ahead of rent.
Rent in ZIP 60616 is 27% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 9 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($73,819) is $1,845 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,750); a 2-bedroom is $1,970.
24th cheapest of 51 ZIP codes in Chicago.
ZIP 60609, 3 miles away, rents for 12% less ($1,642/mo), about $2,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60616. 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 60616 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, 50.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60616 in Chicago, IL has changed in 5 years
Since 2021, the typical rent in ZIP 60616 in Chicago, IL has climbed from $1,441 to $1,857, a 28.9% change over five years. Household income in the area moved from $65,489 to $73,819 across the same window, up 12.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.3% since 2021, moving from about 53,085 residents to roughly 54,308. Reading these numbers side by side helps frame whether current listings in ZIP 60616 in Chicago, IL look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 60616
Last updated: October 17, 2026
ZIP code 60616 covers Chicago, IL. The median rent here is $1,857/mo as of October 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $1,970/mo.
At 30% of local median household income ($73,819/yr), ZIP 60616 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.
Frequently asked questions
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How does ZIP 60616 compare to the rest of Chicago?
At $1,857/mo, rent takes ~30% of ZIP 60616's median household income ($73,819/yr). The standard benchmark is 30%.
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