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ZIP Code · IL

ZIP 60656

Part of Chicago, IL
Pop. 29,538·Cook County·147th most expensive ZIP in Illinois
Median rent (all units)
$1,634/mo
Year-over-Year
-1.9%
Month-over-Month
Stable
vs US Median
-$331
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60656 · $1,634
More affordable than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,550
2 BR
$1,750
3 BR
$2,250
4 BR+
$2,610
Research median
$1,750/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
$19,608/yr
At $1,634/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 60656 (Chicago, IL) is majority owner-occupied, has a median income above the national average, 42.8% of residents hold a bachelor's degree or higher.

Population
29,538
Median income
$95,766
Median age
41.6
Renters
35.8%
Age distribution
19.9%
21.3%
28.9%
13.7%
16.3%
Under 1819.9%
18–3421.3%
35–5428.9%
55–6413.7%
65+16.3%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
69%
13.9%
White69%
Black4%
Hispanic13.9%
Asian11.4%
Other1.7%
Education (25+)
25.1%
24.1%
42.8%
No HS diploma8%
HS diploma25.1%
Some college24.1%
Bachelor's+42.8%
Housing tenure
64.2%
35.8%
Owner64.2%
Renter35.8%

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

2021 vs 2026

How ZIP 60656 in Chicago, IL has changed in 5 years

Income
$75,006 → $95,766
up 27.7%
Population
28,665 → 29,538
up 3.0%
Renter share
38% → 35.8%
-2.2 pts
Bachelor's+
40.8% → 42.8%
+2.0 pts
Median age
40.2 → 41.6
+1.4 yrs

Local incomes tracked alongside that move, going from a median of $75,006 in 2021 to $95,766 more recently. The population has grown by 3.0% since 2021, moving from about 28,665 residents to roughly 29,538. Renters now make up 35.8% of households, compared with 38% five years ago. College-educated residents now make up 42.8% of adults here, versus 40.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 60656

About renting in ZIP 60656

Last updated: July 20, 2026

ZIP code 60656 covers Chicago, IL. The median rent here is $1,634/mo as of July 2026. A 1-bedroom rents for a median of $1,550/mo. A 2-bedroom rents for a median of $1,750/mo.

At 20% of local median household income ($95,766/yr), ZIP 60656 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60656?

As of July 20, 2026, the median monthly rent in ZIP 60656 (Chicago, IL) is $1,634. This is based on aggregated data from public sources and community submissions.

How does ZIP 60656 rent compare to the US average?

ZIP 60656's median rent of $1,634/mo is $331 (17%) below the US national median of $1,965/mo.

How does ZIP 60656 compare to other ZIPs in Illinois?

ZIP 60656 falls in the middle range for Illinois, ranking #147 out of 230 ZIPs at $1,634/mo.

How much income do you need to rent in ZIP 60656?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,634/mo in ZIP 60656. The local median household income is $95,766/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60656?

Rent in ZIP 60656 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 60656 an affordable place to rent?

ZIP 60656 is considered very affordable for renters. At $1,634/mo, rent takes approximately 20% of the local median household income ($95,766/yr). The standard benchmark is 30%. ZIP 60656 falls comfortably within that range.

What percentage of ZIP 60656 residents rent vs. own?

According to Census data, approximately 35.8% of ZIP 60656 households are renters, while 64.2% are owner-occupied. ZIP 60656 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60656 compare to the rest of Chicago?

ZIP 60656 is more affordable than Chicago overall. At $1,634/mo, it's $775 below the Chicago citywide median of $2,409/mo.

When was rent data for ZIP 60656 last updated?

Rent data for ZIP 60656 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,634/mo, rent takes ~20% of ZIP 60656's median household income ($95,766/yr). The standard benchmark is 30%.

ZIP 60656 20%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60656 (Chicago, IL)

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