ZIP 60654
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 60654 usually run 2.7% below trend in December and 2.4% above it in July, about $147 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60654 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60654 changed +4.9% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.
From 2019 to 2024, rent in ZIP 60654 rose 13.9% while median household income rose 20.3% ($122,492 to $147,357). Income kept ahead of rent.
Rent in ZIP 60654 is 26.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($147,357) is $3,684 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,440); a 4-bedroom is $3,980.
47th cheapest of 51 ZIP codes in Chicago.
ZIP 60602, 1 mile away, rents for 15% less ($2,438/mo), about $5,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60654. 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.
Who lives here
ZIP 60654 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 91.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60654 in Chicago, IL has changed in 5 years
Since 2021, the typical rent in ZIP 60654 in Chicago, IL has increased from $2,046 to $2,879, a 40.7% change over five years. Local incomes tracked alongside that move, going from a median of $127,072 in 2021 to $147,357 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 17.8% since 2021, moving from about 21,859 residents to roughly 25,755. Renters now make up 65.8% of households, compared with 64.3% five years ago. College-educated residents now make up 91.5% of adults here, versus 88.9% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60654 in Chicago, IL market of 2021.
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Tips for renters in ZIP 60654
Last updated: October 17, 2026
ZIP code 60654 covers Chicago, IL. The median rent here is $2,879/mo as of October 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.
At 23% of local median household income ($147,357/yr), ZIP 60654 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.
Frequently asked questions
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How does ZIP 60654 compare to the rest of Chicago?
At $2,879/mo, rent takes ~23% of ZIP 60654's median household income ($147,357/yr). The standard benchmark is 30%.
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