ZIP Code · IL

ZIP 60624

Part of Chicago, IL

Pop. 35,263·Cook County·139th most expensive ZIP in Illinois

Median rent (all units)

$1,662/mo

Year-over-Year

+9.7%

Month-over-Month

+2.1%

vs US Median

-$270

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60624 · $1,662

More affordable than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,280

1 BR

$1,370

2 BR

$1,540

3 BR

$1,980

4 BR+

$2,290

Research median

$1,540/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

February. Asking rents in ZIP 60624 usually run 1.3% below trend in February and 0.9% above it in May, about $37 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 60624 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Illinois

Rent in ZIP 60624 changed +9.7% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 6 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($34,030) is $851 a month. That is less than HUD's Fair Market Rent for a studio ($1,280).

Rank in Chicago

14th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60644, 2 miles away, rents for 21% less ($1,312/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60624. 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

$19,944/yr

At $1,662/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.7% YoY, +2.1% MoM), not inventory.

Demographics

Who lives here

ZIP 60624 (Chicago, IL) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 13.6% of residents hold a bachelor's degree or higher.

Population

35,263

Median income

$34,030

Median age

34.7

Renters

71.2%

Age distribution

25.8%

24.8%

22.8%

14.2%

12.3%

Under 1825.8%

18–3424.8%

35–5422.8%

55–6414.2%

65+12.3%

Gender

44.9%

55.1%

Male44.9%

Female55.1%

Race & ethnicity

79.1%

16.4%

White4.6%

Black79.1%

Hispanic16.4%

Asian0.9%

Education (25+)

21.6%

32.1%

32.7%

13.6%

No HS diploma21.6%

HS diploma32.1%

Some college32.7%

Bachelor's+13.6%

Housing tenure

28.8%

71.2%

Owner28.8%

Renter71.2%

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

2021 vs 2026

How ZIP 60624 in Chicago, IL has changed in 5 years

Rent

$1,114 → $1,662

up 49.2%

Income

$29,102 → $34,030

up 16.9%

Population

36,986 → 35,263

down 4.7%

Renter share

73.6% → 71.2%

-2.4 pts

Bachelor's+

11.1% → 13.6%

+2.5 pts

Median age

33.9 → 34.7

+0.8 yrs

Rent in ZIP 60624 in Chicago, IL has climbed 49.2% since 2021, going from about $1,114 per month to roughly $1,662 today. Local incomes tracked alongside that move, going from a median of $29,102 in 2021 to $34,030 more recently. Rent outpaced income growth by roughly 32.3 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 36,986 to 35,263 between 2021 and 2024, a 4.7% change. About 71.2% of households rent today, against 73.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 11.1% to 13.6%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60624 in Chicago, IL market of 2021.

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About renting in ZIP 60624

Last updated: October 17, 2026

ZIP code 60624 covers Chicago, IL. The median rent here is $1,662/mo as of October 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,540/mo.

At 59% of local median household income ($34,030/yr), ZIP 60624 ranks as expensive compared to the national benchmark of 30%. Rents have increased 9.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60624?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,662/mo in ZIP 60624. The local median household income is $34,030/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 60624?

Rent in ZIP 60624 has risen 9.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 60624?

Asking rents in ZIP 60624 are usually lowest in February, about 1.3% below their yearly trend, and highest in May, about 0.9% above it. At today's median that is a gap of roughly $37 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 60624 compare to other ZIPs in Illinois?

ZIP 60624 is in the middle among Illinois ZIP codes for rent, ranking #139 of 227 at $1,662/mo. Over the year to September 2026, rent in ZIP 60624 changed +9.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.