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ZIP Code · IL

ZIP 60638

Part of Chicago, IL
Pop. 57,074·Cook County·139th most expensive ZIP in Illinois
Median rent (all units)
$1,716/mo
Year-over-Year
-3.6%
Month-over-Month
-5.3%
vs US Median
-$249
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60638 · $1,716
More affordable than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,410
2 BR
$1,590
3 BR
$2,050
4 BR+
$2,370
Research median
$1,590/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
$20,592/yr
At $1,716/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.6% YoY, -5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 60638 (Chicago, IL) is majority owner-occupied, has a median income above the national average, 25.1% of residents hold a bachelor's degree or higher.

Population
57,074
Median income
$91,070
Median age
38.2
Renters
20.2%
Age distribution
23.9%
20.4%
29.4%
14.8%
Under 1823.9%
18–3420.4%
35–5429.4%
55–6411.4%
65+14.8%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
43%
60.8%
White43%
Black2.3%
Hispanic60.8%
Asian1.3%
Education (25+)
16.3%
30.7%
27.9%
25.1%
No HS diploma16.3%
HS diploma30.7%
Some college27.9%
Bachelor's+25.1%
Housing tenure
79.8%
20.2%
Owner79.8%
Renter20.2%

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

2021 vs 2026

How ZIP 60638 in Chicago, IL has changed in 5 years

Income
$76,258 → $91,070
up 19.4%
Population
58,959 → 57,074
down 3.2%
Renter share
20.7% → 20.2%
-0.5 pts
Bachelor's+
23.2% → 25.1%
+1.9 pts

Household income in the area moved from $76,258 to $91,070 across the same window, up 19.4% versus 2021. Headcount in the area went from 58,959 to 57,074 between 2021 and 2024, a 3.2% change.

Community

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Local insights

Tips for renters in ZIP 60638

About renting in ZIP 60638

Last updated: July 20, 2026

ZIP code 60638 covers Chicago, IL. The median rent here is $1,716/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,590/mo.

At 23% of local median household income ($91,070/yr), ZIP 60638 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60638?

As of July 20, 2026, the median monthly rent in ZIP 60638 (Chicago, IL) is $1,716. This is based on aggregated data from public sources and community submissions.

How does ZIP 60638 rent compare to the US average?

ZIP 60638's median rent of $1,716/mo is $249 (13%) below the US national median of $1,965/mo.

How does ZIP 60638 compare to other ZIPs in Illinois?

ZIP 60638 falls in the middle range for Illinois, ranking #139 out of 230 ZIPs at $1,716/mo.

How much income do you need to rent in ZIP 60638?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,716/mo in ZIP 60638. The local median household income is $91,070/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60638?

Rent in ZIP 60638 has decreased 3.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60638 an affordable place to rent?

ZIP 60638 is considered very affordable for renters. At $1,716/mo, rent takes approximately 23% of the local median household income ($91,070/yr). The standard benchmark is 30%. ZIP 60638 falls comfortably within that range.

What percentage of ZIP 60638 residents rent vs. own?

According to Census data, approximately 20.2% of ZIP 60638 households are renters, while 79.8% are owner-occupied. ZIP 60638 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60638 compare to the rest of Chicago?

ZIP 60638 is more affordable than Chicago overall. At $1,716/mo, it's $693 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60638 last updated?

Rent data for ZIP 60638 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,716/mo, rent takes ~23% of ZIP 60638's median household income ($91,070/yr). The standard benchmark is 30%.

ZIP 60638 23%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60638 (Chicago, IL)

Recent submissions

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