ZIP Code · IL

ZIP 60657

Part of Chicago, IL

Pop. 71,904·Cook County·31st most expensive ZIP in Illinois

Median rent (all units)

$2,480/mo

Year-over-Year

+7.1%

Month-over-Month

+0.5%

vs US Median

+$548

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60657 · $2,480

More expensive than 79% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,220

1 BR

$2,370

2 BR

$2,670

3 BR

$3,440

4 BR+

$3,980

Research median

$2,670/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

Cheapest month to sign

December. Asking rents in ZIP 60657 usually run 2.5% below trend in December and 2.1% above it in July, about $114 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 60657 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Illinois

Rent in ZIP 60657 changed +7.1% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 60657 rose 26.8% while median household income rose 16.6% ($95,173 to $110,939). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60657 is 46.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 25 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($110,939) is $2,773 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,670); a 3-bedroom is $3,440.

Rank in Chicago

40th cheapest of 51 ZIP codes in Chicago.

Cheaper nearby

ZIP 60640, 2 miles away, rents for 20% less ($1,983/mo), about $6,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60657. 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.

Annual cost

$29,760/yr

At $2,480/mo median

Location

CityChicago

StateIL

CountyCook County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.1% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 60657 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 86.6% of residents hold a bachelor's degree or higher.

Population

71,904

Median income

$110,939

Median age

31.3

Renters

62.5%

Age distribution

48.1%

23.5%

Under 1811.7%

18–3448.1%

35–5423.5%

55–646.6%

65+10.1%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

77.6%

White77.6%

Black3.1%

Hispanic9.8%

Asian7.4%

Other2.1%

Education (25+)

86.6%

No HS diploma1.3%

HS diploma4.6%

Some college7.5%

Bachelor's+86.6%

Housing tenure

37.5%

62.5%

Owner37.5%

Renter62.5%

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

2021 vs 2026

How ZIP 60657 in Chicago, IL has changed in 5 years

Rent

$1,659 → $2,480

up 49.5%

Income

$98,457 → $110,939

up 12.7%

Population

72,113 → 71,904

down 0.3%

Renter share

61.5% → 62.5%

+1.0 pts

Bachelor's+

85.4% → 86.6%

+1.2 pts

The median rent in ZIP 60657 in Chicago, IL stood at $1,659 in 2021 and currently runs about $2,480, reflecting a 49.5% increase over the period. Household income in the area moved from $98,457 to $110,939 across the same window, up 12.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 60657 in Chicago, IL look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 60657

Last updated: October 17, 2026

ZIP code 60657 covers Chicago, IL. The median rent here is $2,480/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 27% of local median household income ($110,939/yr), ZIP 60657 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60657?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (about $48/hour full-time) to afford the median rent of $2,480/mo in ZIP 60657. The local median household income is $110,939/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60657?

Rent in ZIP 60657 has risen 7.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 60657?

Asking rents in ZIP 60657 are usually lowest in December, about 2.5% below their yearly trend, and highest in July, about 2.1% above it. At today's median that is a gap of roughly $114 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 60657?

Yes. From 2019 to 2024, rent in ZIP 60657 rose 26.8% while median household income rose 16.6%, from $95,173 to $110,939. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60657 compare to other ZIPs in Illinois?

ZIP 60657 is one of the pricier among Illinois ZIP codes for rent, ranking #31 of 227 at $2,480/mo. Over the year to September 2026, rent in ZIP 60657 changed +7.1%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.