ZIP Code · IL

ZIP 60622

Part of Chicago, IL
Pop. 54,609·Cook County·27th most expensive ZIP in Illinois
Median rent (all units)
$2,534/mo
Year-over-Year
+7.5%
Month-over-Month
+0.8%
vs US Median
+$602
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60622 · $2,534
More expensive than 81% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,050
1 BR
$2,190
2 BR
$2,470
3 BR
$3,180
4 BR+
$3,680
Research median
$2,470/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 60622 usually run 2.8% below trend in December and 1.9% above it in June, about $119 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 60622 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Illinois

Rent in ZIP 60622 changed +7.5% 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 60622 rose 22.4% while median household income rose 34.7% ($101,161 to $136,277). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 60622 is 37.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 21 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($136,277) is $3,407 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,180); a 4-bedroom is $3,680.

Rank in Chicago

41st cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60624, 3 miles away, rents for 34% less ($1,662/mo), about $10,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60622. 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
$30,408/yr
At $2,534/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.5% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 60622 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 74.8% of residents hold a bachelor's degree or higher.

Population
54,609
Median income
$136,277
Median age
32.7
Renters
56.9%
Age distribution
13.2%
44.8%
29.5%
Under 1813.2%
18–3444.8%
35–5429.5%
55–645.2%
65+7.2%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
65.8%
20%
White65.8%
Black6.5%
Hispanic20%
Asian6%
Other1.7%
Education (25+)
74.8%
No HS diploma5.5%
HS diploma7.8%
Some college11.9%
Bachelor's+74.8%
Housing tenure
43.1%
56.9%
Owner43.1%
Renter56.9%

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

2021 vs 2026

How ZIP 60622 in Chicago, IL has changed in 5 years

Rent
$1,802 → $2,534
up 40.6%
Income
$110,694 → $136,277
up 23.1%
Population
54,650 → 54,609
down 0.1%
Renter share
59.9% → 56.9%
-3.0 pts
Bachelor's+
71.9% → 74.8%
+2.9 pts
Median age
32 → 32.7
+0.7 yrs

Rent in ZIP 60622 in Chicago, IL has increased 40.6% since 2021, going from about $1,802 per month to roughly $2,534 today. Median household income grew from $110,694 to $136,277 between 2021 and 2024, a 23.1% shift. Rent outpaced income growth by roughly 17.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 56.9% of households rent today, against 59.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 71.9% to 74.8%. Taken together, the five-year picture in ZIP 60622 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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About renting in ZIP 60622

Last updated: October 17, 2026

ZIP code 60622 covers Chicago, IL. The median rent here is $2,534/mo as of October 2026. A 1-bedroom rents for a median of $2,190/mo. A 2-bedroom rents for a median of $2,470/mo.

At 22% of local median household income ($136,277/yr), ZIP 60622 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60622?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (about $49/hour full-time) to afford the median rent of $2,534/mo in ZIP 60622. The local median household income is $136,277/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60622?

Rent in ZIP 60622 has risen 7.5% 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 60622?

Asking rents in ZIP 60622 are usually lowest in December, about 2.8% below their yearly trend, and highest in June, about 1.9% above it. At today's median that is a gap of roughly $119 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 60622?

No. From 2019 to 2024, rent in ZIP 60622 rose 22.4% while median household income rose 34.7%, from $101,161 to $136,277. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60622 compare to other ZIPs in Illinois?

ZIP 60622 is one of the pricier among Illinois ZIP codes for rent, ranking #27 of 227 at $2,534/mo. Over the year to September 2026, rent in ZIP 60622 changed +7.5%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 60622 compare to the rest of Chicago?

At $2,534/mo, ZIP 60622 is $223 above the Chicago citywide median of $2,311/mo. It is the 41st cheapest of 51 ZIP codes in Chicago.
Income Affordability
22%
VERY AFFORDABLE

At $2,534/mo, rent takes ~22% of ZIP 60622's median household income ($136,277/yr). The standard benchmark is 30%.

ZIP 60622 22%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60622 (Chicago, IL)

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