ZIP Code · IL

ZIP 60656

Part of Chicago, IL

Pop. 29,538·Cook County·147th most expensive ZIP in Illinois

Median rent (all units)

$1,611/mo

Year-over-Year

-2.0%

Month-over-Month

Stable

vs US Median

-$321

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60656 · $1,611

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Illinois

Rent in ZIP 60656 changed -2.0% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

What a typical income covers

30% of the median household income ($95,766) is $2,394 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,250); a 4-bedroom is $2,610.

Rank in Chicago

11th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60153, 7 miles away, rents for 12% less ($1,419/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60656. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,332/yr

At $1,611/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.0% YoY, +0.0% 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: October 17, 2026

ZIP code 60656 covers Chicago, IL. The median rent here is $1,611/mo as of October 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 2.0% over the past year.

FAQ

Frequently asked questions

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 $64,000/year (about $31/hour full-time) to afford the median rent of $1,611/mo in ZIP 60656. The local median household income is $95,766/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60656?

Rent in ZIP 60656 has fallen 2.0% over the past year.

How does ZIP 60656 compare to other ZIPs in Illinois?

ZIP 60656 is in the middle among Illinois ZIP codes for rent, ranking #147 of 227 at $1,611/mo. Over the year to September 2026, rent in ZIP 60656 changed -2.0%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.