ZIP Code · IL

ZIP 60651

Part of Chicago, IL

Pop. 63,335·Cook County·129th most expensive ZIP in Illinois

Median rent (all units)

$1,751/mo

Year-over-Year

+5.9%

Month-over-Month

+0.6%

vs US Median

-$181

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60651 · $1,751

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,270

1 BR

$1,360

2 BR

$1,530

3 BR

$1,970

4 BR+

$2,280

Research median

$1,530/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 60651 usually run 1.7% below trend in January and 1.3% above it in July, about $53 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 60651 is at its highest level since Zillow's records here began in November 2020.

Past year vs. the rest of Illinois

Rent in ZIP 60651 changed +5.9% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($54,409) is $1,360 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,360); a 2-bedroom is $1,530.

Rank in Chicago

18th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60644, 2 miles away, rents for 25% less ($1,312/mo), about $5,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60651. 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.

Annual cost

$21,012/yr

At $1,751/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.9% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 60651 (Chicago, IL) is roughly split between renters and owners, has a median income below the national average, 18.1% of residents hold a bachelor's degree or higher.

Population

63,335

Median income

$54,409

Median age

35.5

Renters

52.8%

Age distribution

24.4%

25%

24.2%

12.2%

14.3%

Under 1824.4%

18–3425%

35–5424.2%

55–6412.2%

65+14.3%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

50%

41.7%

White11.2%

Black50%

Hispanic41.7%

Asian1.3%

Education (25+)

20%

34.8%

27.2%

18.1%

No HS diploma20%

HS diploma34.8%

Some college27.2%

Bachelor's+18.1%

Housing tenure

47.2%

52.8%

Owner47.2%

Renter52.8%

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

2021 vs 2026

How ZIP 60651 in Chicago, IL has changed in 5 years

Rent

$1,205 → $1,751

up 45.3%

Income

$44,549 → $54,409

up 22.1%

Population

64,638 → 63,335

down 2.0%

Renter share

55.2% → 52.8%

-2.4 pts

Bachelor's+

14.6% → 18.1%

+3.5 pts

Median age

34.7 → 35.5

+0.8 yrs

The median rent in ZIP 60651 in Chicago, IL stood at $1,205 in 2021 and currently runs about $1,751, reflecting a 45.3% increase over the period. On the earnings side, the typical household in ZIP 60651 in Chicago, IL now reports about $54,409, up from $44,549 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.0% since 2021, moving from about 64,638 residents to roughly 63,335. Renters now make up 52.8% of households, compared with 55.2% five years ago. College-educated residents now make up 18.1% of adults here, versus 14.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 60651 in Chicago, IL reflects that arc in its own way.

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About renting in ZIP 60651

Last updated: October 17, 2026

ZIP code 60651 covers Chicago, IL. The median rent here is $1,751/mo as of October 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,530/mo.

At 39% of local median household income ($54,409/yr), ZIP 60651 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60651?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,751/mo in ZIP 60651. The local median household income is $54,409/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 60651?

Rent in ZIP 60651 has risen 5.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2020.

When is the cheapest time to rent in ZIP 60651?

Asking rents in ZIP 60651 are usually lowest in January, about 1.7% below their yearly trend, and highest in July, about 1.3% above it. At today's median that is a gap of roughly $53 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 60651 compare to other ZIPs in Illinois?

ZIP 60651 is in the middle among Illinois ZIP codes for rent, ranking #129 of 227 at $1,751/mo. Over the year to September 2026, rent in ZIP 60651 changed +5.9%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.