ZIP Code · IL

ZIP 60618

Part of Chicago, IL
Pop. 91,901·Cook County·64th most expensive ZIP in Illinois
Median rent (all units)
$2,240/mo
Year-over-Year
+8.7%
Month-over-Month
+1.2%
vs US Median
+$308
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60618 · $2,240
More expensive than 72% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,650
1 BR
$1,770
2 BR
$1,990
3 BR
$2,560
4 BR+
$2,960
Research median
$1,990/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 60618 usually run 2.1% below trend in December and 1.6% above it in June, about $83 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 60618 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Illinois

Rent in ZIP 60618 changed +8.7% 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 60618 rose 25.6% while median household income rose 35.2% ($78,704 to $106,384). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 60618 is 45.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 35 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($106,384) is $2,660 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,560); a 4-bedroom is $2,960.

Rank in Chicago

33rd cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60625, 2 miles away, rents for 12% less ($1,969/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60618. 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
$26,880/yr
At $2,240/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.7% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 60618 (Chicago, IL) is roughly split between renters and owners, has a median income above the national average, 58.4% of residents hold a bachelor's degree or higher.

Population
91,901
Median income
$106,384
Median age
35.9
Renters
49.6%
Age distribution
21.8%
26.5%
32.3%
Under 1821.8%
18–3426.5%
35–5432.3%
55–649.2%
65+10.2%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
54.8%
35.1%
White54.8%
Black3.3%
Hispanic35.1%
Asian6.7%
Education (25+)
15.8%
16.2%
58.4%
No HS diploma9.5%
HS diploma15.8%
Some college16.2%
Bachelor's+58.4%
Housing tenure
50.4%
49.6%
Owner50.4%
Renter49.6%

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

2021 vs 2026

How ZIP 60618 in Chicago, IL has changed in 5 years

Rent
$1,553 → $2,240
up 44.2%
Income
$91,650 → $106,384
up 16.1%
Population
95,078 → 91,901
down 3.3%
Renter share
49.5% → 49.6%
+0.1 pts
Bachelor's+
53% → 58.4%
+5.4 pts
Median age
35 → 35.9
+0.9 yrs

Compared with 2021, rent in ZIP 60618 in Chicago, IL has climbed by $687 per month, settling near $2,240 after starting the period at $1,553. On the earnings side, the typical household in ZIP 60618 in Chicago, IL now reports about $106,384, up from $91,650 in 2021. Rent outpaced income growth by roughly 28.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 95,078 to 91,901 between 2021 and 2024, a 3.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53% to 58.4%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 60618 in Chicago, IL reflects that arc in its own way.

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Local insights

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About renting in ZIP 60618

Last updated: October 17, 2026

ZIP code 60618 covers Chicago, IL. The median rent here is $2,240/mo as of October 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $1,990/mo.

At 25% of local median household income ($106,384/yr), ZIP 60618 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60618?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,240/mo in ZIP 60618. The local median household income is $106,384/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60618?

Rent in ZIP 60618 has risen 8.7% 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 60618?

Asking rents in ZIP 60618 are usually lowest in December, about 2.1% below their yearly trend, and highest in June, about 1.6% above it. At today's median that is a gap of roughly $83 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 60618?

No. From 2019 to 2024, rent in ZIP 60618 rose 25.6% while median household income rose 35.2%, from $78,704 to $106,384. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60618 compare to other ZIPs in Illinois?

ZIP 60618 is one of the pricier among Illinois ZIP codes for rent, ranking #64 of 227 at $2,240/mo. Over the year to September 2026, rent in ZIP 60618 changed +8.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 60618 compare to the rest of Chicago?

At $2,240/mo, ZIP 60618 is $71 below the Chicago citywide median of $2,311/mo. It is the 33rd cheapest of 51 ZIP codes in Chicago.
Income Affordability
25%
AFFORDABLE

At $2,240/mo, rent takes ~25% of ZIP 60618's median household income ($106,384/yr). The standard benchmark is 30%.

ZIP 60618 25%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60618 (Chicago, IL)

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