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ZIP Code · IL

ZIP 60632

Part of Chicago, IL
Pop. 89,107·Cook County·165th most expensive ZIP in Illinois
Median rent (all units)
$1,514/mo
Year-over-Year
+9.5%
Month-over-Month
-5.3%
vs US Median
-$451
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60632 · $1,514
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,080
1 BR
$1,150
2 BR
$1,300
3 BR
$1,670
4 BR+
$1,940
Research median
$1,300/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
$18,168/yr
At $1,514/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+9.5% YoY, -5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 60632 (Chicago, IL) is majority owner-occupied, has a median income below the national average, 14.4% of residents hold a bachelor's degree or higher.

Population
89,107
Median income
$64,809
Median age
35.5
Renters
39.4%
Age distribution
23.3%
26.2%
25.6%
12.7%
12.3%
Under 1823.3%
18–3426.2%
35–5425.6%
55–6412.7%
65+12.3%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
17.4%
82.6%
White17.4%
Black2.4%
Hispanic82.6%
Asian7.4%
Education (25+)
31.8%
33.4%
20.4%
14.4%
No HS diploma31.8%
HS diploma33.4%
Some college20.4%
Bachelor's+14.4%
Housing tenure
60.6%
39.4%
Owner60.6%
Renter39.4%

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

2021 vs 2026

How ZIP 60632 in Chicago, IL has changed in 5 years

Income
$48,791 → $64,809
up 32.8%
Population
87,395 → 89,107
up 2.0%
Renter share
44.4% → 39.4%
-5.0 pts
Bachelor's+
12.4% → 14.4%
+2.0 pts
Median age
32.3 → 35.5
+3.2 yrs

On the earnings side, the typical household in ZIP 60632 in Chicago, IL now reports about $64,809, up from $48,791 in 2021. Census counts show ZIP 60632 in Chicago, IL adding about 1,712 residents over the five-year window, up 2.0% on net. The renter share has eased from 44.4% to 39.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 12.4% to 14.4% across the same window.

Community

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Local insights

Tips for renters in ZIP 60632

About renting in ZIP 60632

Last updated: July 20, 2026

ZIP code 60632 covers Chicago, IL. The median rent here is $1,514/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,300/mo.

At 28% of local median household income ($64,809/yr), ZIP 60632 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60632?

As of July 20, 2026, the median monthly rent in ZIP 60632 (Chicago, IL) is $1,514. This is based on aggregated data from public sources and community submissions.

How does ZIP 60632 rent compare to the US average?

ZIP 60632's median rent of $1,514/mo is $451 (23%) below the US national median of $1,965/mo.

How does ZIP 60632 compare to other ZIPs in Illinois?

ZIP 60632 is among the more affordable ZIP codes in Illinois, ranking #165 out of 230 ZIPs at $1,514/mo.

How much income do you need to rent in ZIP 60632?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,514/mo in ZIP 60632. The local median household income is $64,809/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60632?

Rent in ZIP 60632 has increased 9.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60632 an affordable place to rent?

ZIP 60632 is considered affordable for renters. At $1,514/mo, rent takes approximately 28% of the local median household income ($64,809/yr). The standard benchmark is 30%. ZIP 60632 falls comfortably within that range.

What percentage of ZIP 60632 residents rent vs. own?

According to Census data, approximately 39.4% of ZIP 60632 households are renters, while 60.6% are owner-occupied. ZIP 60632 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60632 compare to the rest of Chicago?

ZIP 60632 is more affordable than Chicago overall. At $1,514/mo, it's $895 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60632 last updated?

Rent data for ZIP 60632 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,514/mo, rent takes ~28% of ZIP 60632's median household income ($64,809/yr). The standard benchmark is 30%.

ZIP 60632 28%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60632 (Chicago, IL)

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