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ZIP Code · IL

ZIP 60620

Part of Chicago, IL
Pop. 64,871·Cook County·156th most expensive ZIP in Illinois
Median rent (all units)
$1,558/mo
Year-over-Year
+7.9%
Month-over-Month
+1.6%
vs US Median
-$407
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60620 · $1,558
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,200
1 BR
$1,290
2 BR
$1,450
3 BR
$1,870
4 BR+
$2,160
Research median
$1,450/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: July 20, 2026

Annual cost
$18,696/yr
At $1,558/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.9% YoY, +1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 60620 (Chicago, IL) is roughly split between renters and owners, has a median income below the national average, 20.8% of residents hold a bachelor's degree or higher.

Population
64,871
Median income
$48,146
Median age
38.5
Renters
49.8%
Age distribution
23.3%
22.1%
23.3%
12.1%
19.1%
Under 1823.3%
18–3422.1%
35–5423.3%
55–6412.1%
65+19.1%
Gender
43.8%
56.2%
Male43.8%
Female56.2%
Race & ethnicity
92.5%
White2%
Black92.5%
Hispanic5.2%
Education (25+)
33.2%
34.4%
20.8%
No HS diploma11.6%
HS diploma33.2%
Some college34.4%
Bachelor's+20.8%
Housing tenure
50.2%
49.8%
Owner50.2%
Renter49.8%

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

2021 vs 2026

How ZIP 60620 in Chicago, IL has changed in 5 years

Rent
$1,116 → $1,558
up 39.6%
Income
$40,117 → $48,146
up 20.0%
Population
69,357 → 64,871
down 6.5%
Renter share
52.2% → 49.8%
-2.4 pts
Bachelor's+
17.8% → 20.8%
+3.0 pts
Median age
39.3 → 38.5
-0.8 yrs

The median rent in ZIP 60620 in Chicago, IL stood at $1,116 in 2021 and currently runs about $1,558, reflecting a 39.6% increase over the period. Median household income rose from $40,117 to $48,146 between 2021 and 2024, a 20.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 6.5% since 2021, moving from about 69,357 residents to roughly 64,871. Renters now make up 49.8% of households, compared with 52.2% five years ago. College-educated residents now make up 20.8% of adults here, versus 17.8% in 2021. Taken together, the five-year picture in ZIP 60620 in Chicago, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 60620

Last updated: July 20, 2026

ZIP code 60620 covers Chicago, IL. The median rent here is $1,558/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,450/mo.

At 39% of local median household income ($48,146/yr), ZIP 60620 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60620?

As of July 20, 2026, the median monthly rent in ZIP 60620 (Chicago, IL) is $1,558. This is based on aggregated data from public sources and community submissions.

How does ZIP 60620 rent compare to the US average?

ZIP 60620's median rent of $1,558/mo is $407 (21%) below the US national median of $1,965/mo.

How does ZIP 60620 compare to other ZIPs in Illinois?

ZIP 60620 is among the more affordable ZIP codes in Illinois, ranking #156 out of 230 ZIPs at $1,558/mo.

How much income do you need to rent in ZIP 60620?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,558/mo in ZIP 60620. The local median household income is $48,146/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 60620?

Rent in ZIP 60620 has increased 7.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60620 an affordable place to rent?

ZIP 60620 is considered moderate for renters. At $1,558/mo, rent takes approximately 39% of the local median household income ($48,146/yr). The standard benchmark is 30%. ZIP 60620 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 60620 residents rent vs. own?

According to Census data, approximately 49.8% of ZIP 60620 households are renters, while 50.2% are owner-occupied. ZIP 60620 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60620 compare to the rest of Chicago?

ZIP 60620 is more affordable than Chicago overall. At $1,558/mo, it's $851 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60620 last updated?

Rent data for ZIP 60620 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $1,558/mo, rent takes ~39% of ZIP 60620's median household income ($48,146/yr). The standard benchmark is 30%.

ZIP 60620 39%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60620 (Chicago, IL)

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