ZIP Code · IL

ZIP 60631

Part of Chicago, IL

Pop. 30,924·Cook County·125th most expensive ZIP in Illinois

Median rent (all units)

$1,807/mo

Year-over-Year

Stable

Month-over-Month

+1.5%

vs US Median

-$125

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60631 · $1,807

More expensive than 50% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,560

1 BR

$1,670

2 BR

$1,880

3 BR

$2,420

4 BR+

$2,800

Research median

$1,880/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

What a typical income covers

30% of the median household income ($115,000) is $2,875 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,800).

Rank in Chicago

21st cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60656, 2 miles away, rents for 11% less ($1,611/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60631. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,684/yr

At $1,807/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 60631 (Chicago, IL) is majority owner-occupied, has a median income above the national average, 51.8% of residents hold a bachelor's degree or higher.

Population

30,924

Median income

$115,000

Median age

Renters

24.7%

Age distribution

23.8%

15.3%

29.2%

12.3%

19.5%

Under 1823.8%

18–3415.3%

35–5429.2%

55–6412.3%

65+19.5%

Gender

47.6%

52.4%

Male47.6%

Female52.4%

Race & ethnicity

78.6%

17%

White78.6%

Black0.5%

Hispanic17%

Asian4%

Education (25+)

20.5%

23.6%

51.8%

No HS diploma4.1%

HS diploma20.5%

Some college23.6%

Bachelor's+51.8%

Housing tenure

75.3%

24.7%

Owner75.3%

Renter24.7%

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

2021 vs 2026

How ZIP 60631 in Chicago, IL has changed in 5 years

Income

$103,588 → $115,000

up 11.0%

Population

30,589 → 30,924

up 1.1%

Renter share

25.3% → 24.7%

-0.6 pts

Bachelor's+

48.6% → 51.8%

+3.2 pts

Median household income climbed from $103,588 to $115,000 between 2021 and 2024, a 11.0% shift. Census counts show ZIP 60631 in Chicago, IL adding about 335 residents over the five-year window, up 1.1% on net. Bachelor's-degree-or-higher attainment moved from 48.6% to 51.8% across the same window.

Community

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Local insights

Tips for renters in ZIP 60631

About renting in ZIP 60631

Last updated: October 17, 2026

ZIP code 60631 covers Chicago, IL. The median rent here is $1,807/mo as of October 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $1,880/mo.

At 19% of local median household income ($115,000/yr), ZIP 60631 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60631?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,807/mo in ZIP 60631. The local median household income is $115,000/yr, so the typical household meets that bar.