ZIP Code · IL

ZIP 60634

Part of Chicago, IL
Pop. 73,885·Cook County·102nd most expensive ZIP in Illinois
Median rent (all units)
$1,951/mo
Year-over-Year
+7.8%
Month-over-Month
+1.4%
vs US Median
+$19
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60634 · $1,951
More expensive than 59% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,400
1 BR
$1,490
2 BR
$1,680
3 BR
$2,160
4 BR+
$2,500
Research median
$1,680/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

January. Asking rents in ZIP 60634 usually run 1.7% below trend in January and 2.8% above it in October, about $88 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 60634 is at its highest level since Zillow's records here began in January 2019.

Past year vs. the rest of Illinois

Rent in ZIP 60634 changed +7.8% 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 60634 rose 45.5% while median household income rose 26.3% ($70,083 to $88,533). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60634 is 62.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($88,533) is $2,213 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,160); a 4-bedroom is $2,500.

Rank in Chicago

29th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60707, 2 miles away, rents for 11% less ($1,734/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60634. 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
$23,412/yr
At $1,951/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.8% YoY, +1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 60634 (Chicago, IL) is majority owner-occupied, 27.4% of residents hold a bachelor's degree or higher.

Population
73,885
Median income
$88,533
Median age
42
Renters
25.3%
Age distribution
21%
19.3%
28.6%
14.4%
16.6%
Under 1821%
18–3419.3%
35–5428.6%
55–6414.4%
65+16.6%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
51.7%
43.3%
White51.7%
Black3.3%
Hispanic43.3%
Asian6%
Education (25+)
13.3%
28.9%
30.4%
27.4%
No HS diploma13.3%
HS diploma28.9%
Some college30.4%
Bachelor's+27.4%
Housing tenure
74.7%
25.3%
Owner74.7%
Renter25.3%

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

2021 vs 2026

How ZIP 60634 in Chicago, IL has changed in 5 years

Rent
$1,293 → $1,951
up 50.9%
Income
$75,878 → $88,533
up 16.7%
Population
77,520 → 73,885
down 4.7%
Renter share
26.4% → 25.3%
-1.1 pts
Bachelor's+
24.9% → 27.4%
+2.5 pts
Median age
40.9 → 42
+1.1 yrs

Five years ago, renters in ZIP 60634 in Chicago, IL paid around $1,293 a month. That figure now sits near $1,951, up 50.9% from the 2021 baseline. Household income in the area moved from $75,878 to $88,533 across the same window, up 16.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 60634 in Chicago, IL losing about 3,635 residents over the five-year window, down 4.7% on net. Bachelor's-degree-or-higher attainment moved from 24.9% to 27.4% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 60634 in Chicago, IL look reasonable against where the market sat half a decade ago.

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About renting in ZIP 60634

Last updated: October 17, 2026

ZIP code 60634 covers Chicago, IL. The median rent here is $1,951/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,680/mo.

At 26% of local median household income ($88,533/yr), ZIP 60634 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60634?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,951/mo in ZIP 60634. The local median household income is $88,533/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60634?

Rent in ZIP 60634 has risen 7.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2019.

When is the cheapest time to rent in ZIP 60634?

Asking rents in ZIP 60634 are usually lowest in January, about 1.7% below their yearly trend, and highest in October, about 2.8% above it. At today's median that is a gap of roughly $88 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 60634?

Yes. From 2019 to 2024, rent in ZIP 60634 rose 45.5% while median household income rose 26.3%, from $70,083 to $88,533. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60634 compare to other ZIPs in Illinois?

ZIP 60634 is in the middle among Illinois ZIP codes for rent, ranking #102 of 227 at $1,951/mo. Over the year to September 2026, rent in ZIP 60634 changed +7.8%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 60634 compare to the rest of Chicago?

At $1,951/mo, ZIP 60634 is $360 below the Chicago citywide median of $2,311/mo. It is the 29th cheapest of 51 ZIP codes in Chicago.
Income Affordability
26%
AFFORDABLE

At $1,951/mo, rent takes ~26% of ZIP 60634's median household income ($88,533/yr). The standard benchmark is 30%.

ZIP 60634 26%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60634 (Chicago, IL)

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