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ZIP Code · IL

ZIP 60649

Part of Chicago, IL
Pop. 48,056·Cook County·180th most expensive ZIP in Illinois
Median rent (all units)
$1,425/mo
Year-over-Year
+6.3%
Month-over-Month
+0.9%
vs US Median
-$540
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60649 · $1,425
More affordable than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,350
2 BR
$1,520
3 BR
$1,960
4 BR+
$2,260
Research median
$1,520/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
$17,100/yr
At $1,425/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.3% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 60649 (Chicago, IL) is majority renter-occupied, has a median income below the national average, 25.3% of residents hold a bachelor's degree or higher.

Population
48,056
Median income
$44,175
Median age
41.2
Renters
74.9%
Age distribution
20.2%
21.7%
25.7%
13.8%
18.6%
Under 1820.2%
18–3421.7%
35–5425.7%
55–6413.8%
65+18.6%
Gender
45%
55%
Male45%
Female55%
Race & ethnicity
90.8%
White3.8%
Black90.8%
Hispanic2.6%
Other2.4%
Education (25+)
27.7%
35.8%
25.3%
No HS diploma11.2%
HS diploma27.7%
Some college35.8%
Bachelor's+25.3%
Housing tenure
25.1%
74.9%
Owner25.1%
Renter74.9%

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

2021 vs 2026

How ZIP 60649 in Chicago, IL has changed in 5 years

Rent
$1,023 → $1,425
up 39.3%
Income
$38,026 → $44,175
up 16.2%
Population
48,973 → 48,056
down 1.9%
Renter share
76.1% → 74.9%
-1.2 pts
Bachelor's+
25.4% → 25.3%
-0.1 pts
Median age
37.4 → 41.2
+3.8 yrs

Since 2021, the typical rent in ZIP 60649 in Chicago, IL has climbed from $1,023 to $1,425, a 39.3% change over five years. Median household income rose from $38,026 to $44,175 between 2021 and 2024, a 16.2% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.9% since 2021, moving from about 48,973 residents to roughly 48,056. Taken together, the five-year picture in ZIP 60649 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 60649

Last updated: July 20, 2026

ZIP code 60649 covers Chicago, IL. The median rent here is $1,425/mo as of July 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,520/mo.

At 39% of local median household income ($44,175/yr), ZIP 60649 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60649?

As of July 20, 2026, the median monthly rent in ZIP 60649 (Chicago, IL) is $1,425. This is based on aggregated data from public sources and community submissions.

How does ZIP 60649 rent compare to the US average?

ZIP 60649's median rent of $1,425/mo is $540 (27%) below the US national median of $1,965/mo.

How does ZIP 60649 compare to other ZIPs in Illinois?

ZIP 60649 is among the more affordable ZIP codes in Illinois, ranking #180 out of 230 ZIPs at $1,425/mo.

How much income do you need to rent in ZIP 60649?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,425/mo in ZIP 60649. The local median household income is $44,175/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 60649?

Rent in ZIP 60649 has increased 6.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60649 an affordable place to rent?

ZIP 60649 is considered moderate for renters. At $1,425/mo, rent takes approximately 39% of the local median household income ($44,175/yr). The standard benchmark is 30%. ZIP 60649 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 60649 residents rent vs. own?

According to Census data, approximately 74.9% of ZIP 60649 households are renters, while 25.1% are owner-occupied. With a majority renter population, ZIP 60649 has a strong rental market.

How does ZIP 60649 compare to the rest of Chicago?

ZIP 60649 is more affordable than Chicago overall. At $1,425/mo, it's $984 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60649 last updated?

Rent data for ZIP 60649 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $1,425/mo, rent takes ~39% of ZIP 60649's median household income ($44,175/yr). The standard benchmark is 30%.

ZIP 60649 39%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60649 (Chicago, IL)

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