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ZIP Code · IL

ZIP 60653

Part of Chicago, IL
Pop. 33,383·Cook County·102nd most expensive ZIP in Illinois
Median rent (all units)
$1,968/mo
Year-over-Year
-1.6%
Month-over-Month
-0.5%
vs US Median
+$3
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60653 · $1,968
More expensive than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,210
2 BR
$1,360
3 BR
$1,750
4 BR+
$2,030
Research median
$1,360/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
$23,616/yr
At $1,968/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.6% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 60653 (Chicago, IL) is majority renter-occupied, has a median income below the national average, 38% of residents hold a bachelor's degree or higher.

Population
33,383
Median income
$40,666
Median age
38.4
Renters
69.2%
Age distribution
23.9%
21%
26%
18.1%
Under 1823.9%
18–3421%
35–5426%
55–6411%
65+18.1%
Gender
42.3%
57.7%
Male42.3%
Female57.7%
Race & ethnicity
83.5%
White7%
Black83.5%
Hispanic5%
Asian1.3%
Other3.2%
Education (25+)
21%
30.6%
38%
No HS diploma10.4%
HS diploma21%
Some college30.6%
Bachelor's+38%
Housing tenure
30.8%
69.2%
Owner30.8%
Renter69.2%

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

2021 vs 2026

How ZIP 60653 in Chicago, IL has changed in 5 years

Rent
$1,453 → $1,968
up 35.4%
Income
$34,564 → $40,666
up 17.7%
Population
34,519 → 33,383
down 3.3%
Renter share
70.9% → 69.2%
-1.7 pts
Bachelor's+
38% → 38%
+0.0 pts
Median age
36.6 → 38.4
+1.8 yrs

The median rent in ZIP 60653 in Chicago, IL stood at $1,453 in 2021 and currently runs about $1,968, reflecting a 35.4% increase over the period. Household income in the area moved from $34,564 to $40,666 across the same window, up 17.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.3% since 2021, moving from about 34,519 residents to roughly 33,383. Renters now make up 69.2% of households, compared with 70.9% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 60653 in Chicago, IL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 60653

Last updated: July 20, 2026

ZIP code 60653 covers Chicago, IL. The median rent here is $1,968/mo as of July 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,360/mo.

At 58% of local median household income ($40,666/yr), ZIP 60653 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 1.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60653?

As of July 20, 2026, the median monthly rent in ZIP 60653 (Chicago, IL) is $1,968. This is based on aggregated data from public sources and community submissions.

How does ZIP 60653 rent compare to the US average?

ZIP 60653's median rent of $1,968/mo is $3 (0%) above the US national median of $1,965/mo.

How does ZIP 60653 compare to other ZIPs in Illinois?

ZIP 60653 falls in the middle range for Illinois, ranking #102 out of 230 ZIPs at $1,968/mo.

How much income do you need to rent in ZIP 60653?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,968/mo in ZIP 60653. The local median household income is $40,666/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 60653?

Rent in ZIP 60653 has decreased 1.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60653 an affordable place to rent?

ZIP 60653 is considered expensive for renters. At $1,968/mo, rent takes approximately 58% of the local median household income ($40,666/yr). The standard benchmark is 30%. ZIP 60653 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 60653 residents rent vs. own?

According to Census data, approximately 69.2% of ZIP 60653 households are renters, while 30.8% are owner-occupied. With a majority renter population, ZIP 60653 has a strong rental market.

How does ZIP 60653 compare to the rest of Chicago?

ZIP 60653 is more affordable than Chicago overall. At $1,968/mo, it's $441 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60653 last updated?

Rent data for ZIP 60653 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
58%
EXPENSIVE

At $1,968/mo, rent takes ~58% of ZIP 60653's median household income ($40,666/yr). The standard benchmark is 30%.

ZIP 60653 58%Benchmark 30%
State income tax4.95%
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Schools nearby

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