ZIP 60642
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 60642 usually run 2.3% below trend in December and 1.6% above it in June, about $106 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 60642 is at its highest level since Zillow's records here began in January 2016.
Rent in ZIP 60642 changed +6.3% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.
From 2019 to 2024, rent in ZIP 60642 rose 21.3% while median household income rose 27.6% ($112,241 to $143,175). Income kept ahead of rent.
Rent in ZIP 60642 is 35.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 17 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($143,175) is $3,579 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,440); a 4-bedroom is $3,980.
43rd cheapest of 51 ZIP codes in Chicago.
ZIP 60602, 2 miles away, rents for 10% less ($2,438/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60642. 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.
Who lives here
ZIP 60642 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 77.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60642 in Chicago, IL has changed in 5 years
Rent in ZIP 60642 in Chicago, IL has increased 40.5% since 2021, going from about $1,930 per month to roughly $2,712 today. Median household income grew from $131,201 to $143,175 between 2021 and 2024, a 9.1% shift. Rent outpaced income growth by roughly 31.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 21,374 to 21,789 between 2021 and 2024, a 1.9% change. About 66.3% of households rent today, against 63.6% in 2021. Taken together, the five-year picture in ZIP 60642 in Chicago, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 60642
Last updated: October 17, 2026
ZIP code 60642 covers Chicago, IL. The median rent here is $2,712/mo as of October 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.
At 23% of local median household income ($143,175/yr), ZIP 60642 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.
Frequently asked questions
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How does ZIP 60642 compare to the rest of Chicago?
At $2,712/mo, rent takes ~23% of ZIP 60642's median household income ($143,175/yr). The standard benchmark is 30%.
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