ZIP Code · IL

ZIP 60707

Part of Elmwood Park, IL

Pop. 41,116·Cook County·132nd most expensive ZIP in Illinois

Median rent (all units)

$1,734/mo

Year-over-Year

+4.0%

Month-over-Month

+0.3%

vs US Median

-$198

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60707 · $1,734

More affordable than 56% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 60707 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Illinois

Rent in ZIP 60707 changed +4.0% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 2 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($84,799) is $2,120 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,670); a 3-bedroom is $2,150.

Cheaper nearby

ZIP 60153, 3 miles away, rents for 18% less ($1,419/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60707. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,808/yr

At $1,734/mo median

Location

CityElmwood Park

StateIL

CountyCook County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.3% 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

2022 vs 2026

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

Rent

$1,252 → $1,734

up 38.5%

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

Five years ago, renters in ZIP 60707 in Elmwood Park, IL paid around $1,252 a month. That figure now sits near $1,734, up 38.5% from the 2022 baseline. Household income in the area moved from $68,430 to $84,799 across the same window, up 23.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 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. Reading these numbers side by side helps frame whether current listings in ZIP 60707 in Elmwood Park, IL look reasonable against where the market sat half a decade ago.

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About renting in ZIP 60707

Last updated: October 17, 2026

ZIP code 60707 covers Elmwood Park, IL. The median rent here is $1,734/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,670/mo.

At 25% of local median household income ($84,799/yr), ZIP 60707 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

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 (about $33/hour full-time) to afford the median rent of $1,734/mo in ZIP 60707. The local median household income is $84,799/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60707?

Rent in ZIP 60707 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 60707 compare to other ZIPs in Illinois?

ZIP 60707 is in the middle among Illinois ZIP codes for rent, ranking #132 of 227 at $1,734/mo. Over the year to September 2026, rent in ZIP 60707 changed +4.0%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.