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ZIP Code · IL

ZIP 60707

Pop. 41,116·Cook County·134th most expensive ZIP in Illinois
Median rent (all units)
$1,731/mo
Year-over-Year
+2.2%
Month-over-Month
+1.0%
vs US Median
-$234
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60707 · $1,731
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,390
1 BR
$1,480
2 BR
$1,670
3 BR
$2,150
4 BR+
$2,490
Research median
$1,670/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: July 20, 2026

Annual cost
$20,772/yr
At $1,731/mo median
Location
StateIL
CountyCook County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.2% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 60707 (Elmwood Park, IL) is majority owner-occupied, 32.9% of residents hold a bachelor's degree or higher.

Population
41,116
Median income
$84,799
Median age
41.2
Renters
34%
Age distribution
21.3%
20.3%
28.7%
13%
16.8%
Under 1821.3%
18–3420.3%
35–5428.7%
55–6413%
65+16.8%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
51.7%
44%
White51.7%
Black6.6%
Hispanic44%
Asian3.3%
Education (25+)
12.6%
24.6%
29.9%
32.9%
No HS diploma12.6%
HS diploma24.6%
Some college29.9%
Bachelor's+32.9%
Housing tenure
66%
34%
Owner66%
Renter34%

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

2021 vs 2026

How ZIP 60707 in Elmwood Park, IL has changed in 5 years

Income
$68,430 → $84,799
up 23.9%
Population
41,309 → 41,116
down 0.5%
Renter share
36.2% → 34%
-2.2 pts
Bachelor's+
29.9% → 32.9%
+3.0 pts
Median age
40.2 → 41.2
+1.0 yrs

Household income in the area moved from $68,430 to $84,799 across the same window, up 23.9% versus 2021. The renter share has eased from 36.2% to 34%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29.9% to 32.9% across the same window.

Community

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Local insights

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About renting in ZIP 60707

Last updated: July 20, 2026

ZIP code 60707 covers Elmwood Park, IL. The median rent here is $1,731/mo as of July 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,670/mo.

At 24% of local median household income ($84,799/yr), ZIP 60707 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60707?

As of July 20, 2026, the median monthly rent in ZIP 60707 (Elmwood Park, IL) is $1,731. This is based on aggregated data from public sources and community submissions.

How does ZIP 60707 rent compare to the US average?

ZIP 60707's median rent of $1,731/mo is $234 (12%) below the US national median of $1,965/mo.

How does ZIP 60707 compare to other ZIPs in Illinois?

ZIP 60707 falls in the middle range for Illinois, ranking #134 out of 230 ZIPs at $1,731/mo.

How much income do you need to rent in ZIP 60707?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,731/mo in ZIP 60707. The local median household income is $84,799/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60707?

Rent in ZIP 60707 has increased 2.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60707 an affordable place to rent?

ZIP 60707 is considered very affordable for renters. At $1,731/mo, rent takes approximately 24% of the local median household income ($84,799/yr). The standard benchmark is 30%. ZIP 60707 falls comfortably within that range.

What percentage of ZIP 60707 residents rent vs. own?

According to Census data, approximately 34% of ZIP 60707 households are renters, while 66% are owner-occupied. ZIP 60707 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60707 compare to the rest of Elmwood Park?

ZIP 60707 is pricier than Elmwood Park as a whole. At $1,731/mo, it's $60 above the Elmwood Park citywide median of $1,671/mo.

When was rent data for ZIP 60707 last updated?

Rent data for ZIP 60707 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,731/mo, rent takes ~24% of ZIP 60707's median household income ($84,799/yr). The standard benchmark is 30%.

ZIP 60707 24%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60707 (Elmwood Park, IL)

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