ZIP 60620
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 60620 usually run 0.4% below trend in February and 0.5% above it in June, about $12 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60620 is 2.2% below its high of $1,335 in July 2026, at $1,305 as of September 2026.
Rent in ZIP 60620 changed -1.0% 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 60620 rose 30% while median household income rose 30.9% ($36,767 to $48,146). Income kept ahead of rent.
Rent in ZIP 60620 is 42.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($48,146) is $1,204 a month. That covers HUD's Fair Market Rent for up to a studio ($1,200); a 1-bedroom is $1,290.
2nd cheapest of 51 ZIP codes in Chicago.
From Zillow's monthly rent index (ZORI) for ZIP 60620. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60620 in Chicago, IL has changed in 5 years
The median rent in ZIP 60620 in Chicago, IL stood at $1,007 in 2021 and currently runs about $1,305, reflecting a 29.6% 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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Tips for renters in ZIP 60620
Last updated: October 17, 2026
ZIP code 60620 covers Chicago, IL. The median rent here is $1,305/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,450/mo.
At 33% of local median household income ($48,146/yr), ZIP 60620 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.
Frequently asked questions
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How does ZIP 60620 compare to the rest of Chicago?
At $1,305/mo, rent takes ~33% of ZIP 60620's median household income ($48,146/yr). The standard benchmark is 30%.
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