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ZIP Code · IL

ZIP 60642

Part of Chicago, IL
Pop. 21,789·Cook County·12th most expensive ZIP in Illinois
Median rent (all units)
$2,822/mo
Year-over-Year
+11.3%
Month-over-Month
+0.4%
vs US Median
+$857
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60642 · $2,822
More expensive than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,220
1 BR
$2,370
2 BR
$2,670
3 BR
$3,440
4 BR+
$3,980
Research median
$2,670/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
$33,864/yr
At $2,822/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.3% YoY, +0.4% MoM), not inventory.
Demographics

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.

Population
21,789
Median income
$143,175
Median age
33.1
Renters
66.3%
Age distribution
49.7%
29.5%
Under 188.2%
18–3449.7%
35–5429.5%
55–645.6%
65+7%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
61.2%
16.7%
White61.2%
Black9.1%
Hispanic16.7%
Asian9%
Other4%
Education (25+)
77.4%
No HS diploma3.6%
HS diploma8.7%
Some college10.3%
Bachelor's+77.4%
Housing tenure
33.7%
66.3%
Owner33.7%
Renter66.3%

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

2021 vs 2026

How ZIP 60642 in Chicago, IL has changed in 5 years

Rent
$1,989 → $2,822
up 41.9%
Income
$131,201 → $143,175
up 9.1%
Population
21,374 → 21,789
up 1.9%
Renter share
63.6% → 66.3%
+2.7 pts
Bachelor's+
75.9% → 77.4%
+1.5 pts
Median age
31.9 → 33.1
+1.2 yrs

Rent in ZIP 60642 in Chicago, IL has increased 41.9% since 2021, going from about $1,989 per month to roughly $2,822 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 32.8 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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Local insights

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About renting in ZIP 60642

Last updated: July 20, 2026

ZIP code 60642 covers Chicago, IL. The median rent here is $2,822/mo as of July 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.

At 24% of local median household income ($143,175/yr), ZIP 60642 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60642?

As of July 20, 2026, the median monthly rent in ZIP 60642 (Chicago, IL) is $2,822. This is based on aggregated data from public sources and community submissions.

How does ZIP 60642 rent compare to the US average?

ZIP 60642's median rent of $2,822/mo is $857 (44%) above the US national median of $1,965/mo.

How does ZIP 60642 compare to other ZIPs in Illinois?

ZIP 60642 is one of the pricier ZIP codes in Illinois, ranking #12 out of 230 ZIPs tracked at $2,822/mo.

How much income do you need to rent in ZIP 60642?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (~$54/hour full-time) to afford the median rent of $2,822/mo in ZIP 60642. The local median household income is $143,175/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60642?

Rent in ZIP 60642 has increased 11.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60642 an affordable place to rent?

ZIP 60642 is considered very affordable for renters. At $2,822/mo, rent takes approximately 24% of the local median household income ($143,175/yr). The standard benchmark is 30%. ZIP 60642 falls comfortably within that range.

What percentage of ZIP 60642 residents rent vs. own?

According to Census data, approximately 66.3% of ZIP 60642 households are renters, while 33.7% are owner-occupied. With a majority renter population, ZIP 60642 has a strong rental market.

How does ZIP 60642 compare to the rest of Chicago?

ZIP 60642 is pricier than Chicago as a whole. At $2,822/mo, it's $413 above the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60642 last updated?

Rent data for ZIP 60642 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,822/mo, rent takes ~24% of ZIP 60642's median household income ($143,175/yr). The standard benchmark is 30%.

ZIP 60642 24%Benchmark 30%
State income tax4.95%
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Public schools near ZIP 60642 (Chicago, IL)

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