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ZIP Code · IL

ZIP 60651

Part of Chicago, IL
Pop. 63,335·Cook County·132nd most expensive ZIP in Illinois
Median rent (all units)
$1,760/mo
Year-over-Year
+9.2%
Month-over-Month
+1.9%
vs US Median
-$205
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60651 · $1,760
More affordable than 54% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$21,120/yr
At $1,760/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.2% YoY, +1.9% 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
$1,217 → $1,760
up 44.6%
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 $1,217 in 2021 and currently runs about $1,760, reflecting a 44.6% 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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Local insights

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About renting in ZIP 60651

Last updated: July 20, 2026

ZIP code 60651 covers Chicago, IL. The median rent here is $1,760/mo as of July 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 9.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60651?

As of July 20, 2026, the median monthly rent in ZIP 60651 (Chicago, IL) is $1,760. This is based on aggregated data from public sources and community submissions.

How does ZIP 60651 rent compare to the US average?

ZIP 60651's median rent of $1,760/mo is $205 (10%) below the US national median of $1,965/mo.

How does ZIP 60651 compare to other ZIPs in Illinois?

ZIP 60651 falls in the middle range for Illinois, ranking #132 out of 230 ZIPs at $1,760/mo.

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 (~$34/hour full-time) to afford the median rent of $1,760/mo in ZIP 60651. The local median household income is $54,409/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 60651?

Rent in ZIP 60651 has increased 9.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60651 an affordable place to rent?

ZIP 60651 is considered moderate for renters. At $1,760/mo, rent takes approximately 39% of the local median household income ($54,409/yr). The standard benchmark is 30%. ZIP 60651 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 60651 residents rent vs. own?

According to Census data, approximately 52.8% of ZIP 60651 households are renters, while 47.2% are owner-occupied. With a majority renter population, ZIP 60651 has a strong rental market.

How does ZIP 60651 compare to the rest of Chicago?

ZIP 60651 is more affordable than Chicago overall. At $1,760/mo, it's $649 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60651 last updated?

Rent data for ZIP 60651 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $1,760/mo, rent takes ~39% of ZIP 60651's median household income ($54,409/yr). The standard benchmark is 30%.

ZIP 60651 39%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60651 (Chicago, IL)

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