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ZIP Code · IL

ZIP 60647

Part of Chicago, IL
Pop. 84,749·Cook County·48th most expensive ZIP in Illinois
Median rent (all units)
$2,412/mo
Year-over-Year
+8.1%
Month-over-Month
Stable
vs US Median
+$447
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60647 · $2,412
More expensive than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,840
1 BR
$1,970
2 BR
$2,220
3 BR
$2,860
4 BR+
$3,310
Research median
$2,220/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
$28,944/yr
At $2,412/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.1% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 60647 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 62.5% of residents hold a bachelor's degree or higher.

Population
84,749
Median income
$107,060
Median age
32.9
Renters
61.2%
Age distribution
17.1%
39.2%
28.1%
Under 1817.1%
18–3439.2%
35–5428.1%
55–647.7%
65+7.9%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
53.8%
35.5%
White53.8%
Black7%
Hispanic35.5%
Asian4.7%
Education (25+)
13.6%
15.7%
62.5%
No HS diploma8.2%
HS diploma13.6%
Some college15.7%
Bachelor's+62.5%
Housing tenure
38.8%
61.2%
Owner38.8%
Renter61.2%

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

2021 vs 2026

How ZIP 60647 in Chicago, IL has changed in 5 years

Rent
$1,734 → $2,412
up 39.1%
Income
$89,974 → $107,060
up 19.0%
Population
85,564 → 84,749
down 1.0%
Renter share
62.1% → 61.2%
-0.9 pts
Bachelor's+
59% → 62.5%
+3.5 pts

Since 2021, the typical rent in ZIP 60647 in Chicago, IL has increased from $1,734 to $2,412, a 39.1% change over five years. Census figures show median household income at $107,060 today, compared with $89,974 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.0% since 2021, moving from about 85,564 residents to roughly 84,749. College-educated residents now make up 62.5% of adults here, versus 59% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 60647

Last updated: July 20, 2026

ZIP code 60647 covers Chicago, IL. The median rent here is $2,412/mo as of July 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,220/mo.

At 27% of local median household income ($107,060/yr), ZIP 60647 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60647?

As of July 20, 2026, the median monthly rent in ZIP 60647 (Chicago, IL) is $2,412. This is based on aggregated data from public sources and community submissions.

How does ZIP 60647 rent compare to the US average?

ZIP 60647's median rent of $2,412/mo is $447 (23%) above the US national median of $1,965/mo.

How does ZIP 60647 compare to other ZIPs in Illinois?

ZIP 60647 is one of the pricier ZIP codes in Illinois, ranking #48 out of 230 ZIPs tracked at $2,412/mo.

How much income do you need to rent in ZIP 60647?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,412/mo in ZIP 60647. The local median household income is $107,060/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60647?

Rent in ZIP 60647 has increased 8.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60647 an affordable place to rent?

ZIP 60647 is considered affordable for renters. At $2,412/mo, rent takes approximately 27% of the local median household income ($107,060/yr). The standard benchmark is 30%. ZIP 60647 falls comfortably within that range.

What percentage of ZIP 60647 residents rent vs. own?

According to Census data, approximately 61.2% of ZIP 60647 households are renters, while 38.8% are owner-occupied. With a majority renter population, ZIP 60647 has a strong rental market.

How does ZIP 60647 compare to the rest of Chicago?

ZIP 60647 is pricier than Chicago as a whole. At $2,412/mo, it's $3 above the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60647 last updated?

Rent data for ZIP 60647 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,412/mo, rent takes ~27% of ZIP 60647's median household income ($107,060/yr). The standard benchmark is 30%.

ZIP 60647 27%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60647 (Chicago, IL)

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