RentDataNowRentDataNow
ZIP Code · IL

ZIP 60647

Part of Chicago, IL
Pop. 84,749·Cook County·51st most expensive ZIP in Illinois
Median rent (all units)
$2,371/mo
Year-over-Year
+5.7%
Month-over-Month
-1.7%
vs US Median
+$409
Falling (Monthly)
Be the first to discuss 60647 rents ↓
Most AffordableMost Expensive
ZIP 60647 · $2,371
More expensive than 75% of US ZIP codes · National median $1,962/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: August 17, 2026

Annual cost
$28,452/yr
At $2,371/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.7% YoY, -1.7% 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 → $2,371
up 36.7%
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 $2,371, a 36.7% 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

Discussions about ZIP 60647

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 60647

About renting in ZIP 60647

Last updated: August 17, 2026

ZIP code 60647 covers Chicago, IL. The median rent here is $2,371/mo as of August 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 5.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60647?

As of August 17, 2026, the median monthly rent in ZIP 60647 (Chicago, IL) is $2,371. 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 $2,371/mo is $409 (21%) above the US national median of $1,962/mo.

How does ZIP 60647 compare to other ZIPs in Illinois?

ZIP 60647 is one of the pricier ZIP codes in Illinois, ranking #51 out of 236 ZIPs tracked at $2,371/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 $95,000/year (~$46/hour full-time) to afford the median rent of $2,371/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 5.7% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 60647 an affordable place to rent?

ZIP 60647 is considered affordable for renters. At $2,371/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 more affordable than Chicago overall. At $2,371/mo, it's $24 below the Chicago citywide median of $2,395/mo.

When was rent data for ZIP 60647 last updated?

Rent data for ZIP 60647 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,371/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%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 60647 (Chicago, IL)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google