ZIP Code · IL

ZIP 60632

Part of Chicago, IL

Pop. 89,107·Cook County·155th most expensive ZIP in Illinois

Median rent (all units)

$1,551/mo

Year-over-Year

+2.4%

Month-over-Month

-0.2%

vs US Median

-$381

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60632 · $1,551

More affordable than 69% 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

$1,080

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 60632 is 0.4% below its high of $1,557 in June 2026, at $1,551 as of September 2026.

Past year vs. the rest of Illinois

Rent in ZIP 60632 changed +2.4% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($64,809) is $1,620 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,670.

Rank in Chicago

8th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60804, 3 miles away, rents for 14% less ($1,330/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60632. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,612/yr

At $1,551/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, -0.2% 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

2022 vs 2026

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

Rent

$1,161 → $1,551

up 33.6%

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

Five years ago, renters in ZIP 60632 in Chicago, IL paid around $1,161 a month. That figure now sits near $1,551, up 33.6% from the 2022 baseline. 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. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 60632 in Chicago, IL reflects that arc in its own way.

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About renting in ZIP 60632

Last updated: October 17, 2026

ZIP code 60632 covers Chicago, IL. The median rent here is $1,551/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,300/mo.

At 29% of local median household income ($64,809/yr), ZIP 60632 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

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 $62,000/year (about $30/hour full-time) to afford the median rent of $1,551/mo in ZIP 60632. The local median household income is $64,809/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60632?

Rent in ZIP 60632 has risen 2.4% over the past year as of September 2026. It sits 0.4% below its high of $1,557 in June 2026.

How does ZIP 60632 compare to other ZIPs in Illinois?

ZIP 60632 is one of the more affordable among Illinois ZIP codes for rent, ranking #155 of 227 at $1,551/mo. Over the year to September 2026, rent in ZIP 60632 changed +2.4%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.