Average Rent in 60614, Chicago, IL

Current Versus Historical 60614, Chicago, IL Rents

60614 rentals average $1,675 for a studio rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $2,495, or roughly $3 per square feet.

For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $261 (18.31%) year-over-year from $1,424 to $1,685. 1-bedroom rentals prices have increased by $215 (10.39%) year-over-year from $2,070 to $2,285. 2-bedroom rentals prices have increased by $397 (15.24%) year-over-year from $2,603 to $3,000. 3-bedroom rentals prices have increased by $1,201 (35.33%) year-over-year from $3,399 to $4,600. 4-bedroom rentals prices have increased by $501 (12.52%) year-over-year from $3,999 to $4,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.12% this month. 1-bedroom rents have gone up by 1.26% this month. 2-bedroom rents have gone up by 0.42% this month. 3-bedroom rents have gone up by 10.84% this month. 4-bedroom rents have gone down by 9.97% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.00	$1,685	$1,424 (18.31%)	$1,269 (32.76%)
1 BR	$3.56	$2,285	$2,070 (10.39%)	$1,803 (26.71%)
2 BR	$3.47	$3,000	$2,603 (15.24%)	$2,092 (43.43%)
3 BR	$2.69	$4,600	$3,399 (35.33%)	$2,715 (69.43%)
4+ BR	$2.35	$4,500	$3,999 (12.52%)	$3,600 (25.00%)

Historical Rents in 60614, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60614

There are a total of 5 cities nearby 60614. The average rent in 60614 is currently $2,295 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,105, is the most affordable city nearby. In contrast, the most expensive city near 60614, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,750 per month.

Let's compare 60614, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 19.15% more expensive. Two bedrooms in 60614, Chicago, IL are about 33.34% more expensive. Finally, rent for three bedrooms are about 35.18% more expensive. Want more information? Check out the top 5 cities near 60614, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,975	$2,490	$2,105
Chicago, IL	$1,495	$1,900	$2,500	$2,200
Aurora, IL	N/A	$1,325	$2,195	$2,295
Wheaton, IL	N/A	$1,999	$2,348	$2,348
Naperville, IL	N/A	$1,500	$2,300	$2,750

Top Neighborhoods Near 60614

There are a total of 11 neighborhoods in or near 60614. Some of these neighborhoods include Rogers Park, Edgewater, and Uptown. We've included all of these top 11 neighborhoods in or near 60614, Chicago, IL in the following chart.

The average rent for these 11 neighborhoods in or near 60614, Chicago, IL is currently around $2,423 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,423. Out of all the neighborhoods in or near 60614, Rogers Park has the most affordable average rent at $1,500 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near 60614. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,175	$1,300	$1,750	$1,500
Edgewater, Chicago, IL	$1,288	$1,500	$2,395	$1,525
Uptown, Chicago, IL	$1,300	$1,554	$2,400	$1,554
Logan Square, Chicago, IL	$1,395	$1,950	$2,150	$2,200
Lakeview, Chicago, IL	$1,600	$2,000	$2,798	$2,282
Lincoln Park, Chicago, IL	$1,495	$2,395	$3,448	$2,423
Hyde Park, Chicago, IL	$1,345	$1,665	$1,960	$2,450
Bronzeville, Chicago, IL	$1,250	$1,498	$2,250	$2,500
The Loop, Chicago, IL	$1,975	$2,300	$3,200	$2,800
South Loop, Chicago, IL	$2,000	$2,250	$3,050	$2,900
Near North Side, Chicago, IL	$1,800	$2,375	$3,700	$3,000

Top Counties Near 60614

There are a total of 11 counties located by 60614, Chicago, IL. Some of these counties include Schaumburg, IL, Chicago, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,270. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,193. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by 60614, Chicago, IL.

In comparison, rent for one bedroom listings in 60614, Chicago, IL is 19.15% more expensive than other counties nearby. Finally, rent for two bedrooms in 60614, Chicago, IL is 33.34% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,465	$2,193
Chicago, IL	$1,495	$1,900	$2,500	$2,200
Downers Grove, IL	N/A	$1,833	$2,250	$2,270
Milton, IL	N/A	$1,999	$2,348	$2,339
Naperville, IL	N/A	$1,585	$2,288	$2,600

Top Zipcodes Near 60614

There are a total of 15 zipcodes in or near 60614, Chicago, IL. The average rent for all of these zipcodes is $2,250. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,425 per month. In comparison, the zipcode with the most expensive average rent of $3,200 per month is 60610, Chicago, IL.

Studios in these zipcodes have an average rent of $1,375. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 60614, Chicago, IL is $1,950 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,500 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 60614, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,599	$2,048	$2,779	$2,195
60647, Chicago, IL	$1,395	$1,950	$2,200	$2,250
60613, Chicago, IL	$1,445	$1,750	$2,700	$2,248
60640, Chicago, IL	$1,375	$1,568	$2,398	$1,568
60610, Chicago, IL	$1,725	$2,214	$3,650	$3,200
60626, Chicago, IL	$1,175	$1,300	$1,750	$1,425
60618, Chicago, IL	N/A	$1,650	$2,050	$2,298
60622, Chicago, IL	N/A	$1,950	$2,500	$2,900
60611, Chicago, IL	$1,825	$2,400	$3,900	$3,175
60189, Wheaton, IL	N/A	$1,999	$2,348	$2,348

Frequently Asked Questions - 60614 Average Rents

What is the average rent price in 60614, Chicago, IL?

The average monthly rental price for 60614, Chicago, IL apartments for rent is approximately $2,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60614, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 60614, Chicago, IL.

How much is a studio apartment in 60614, Chicago, IL?

The average monthly rental price for studio apartments is $1,675 and an average price per square feet of $4.00. There are a total of 31 studio apartment listings currently available for rent in 60614.

How much is a one bedroom apartment in 60614, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,350 and an average price per square feet of $3.56. There are a total of 34 one bedroom apartment listings currently available for rent in 60614.

How much is a two bedroom apartment in 60614, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,523 and an average price per square feet of $3.47. There are a total of 20 two bedroom apartment listings currently available for rent in 60614.

How have rent prices in 60614, Chicago, IL changed this year?

Rent prices for rentals in 60614, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.18%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.35% year-over-year.

What is a reasonable rent price in 60614, Chicago, IL?

A reasonable rent price in 60614, Chicago, IL is around $1,996/month. You can search for these reasonably priced rental listings on RentHop.