Average Rent in 60601, Chicago, IL

Current Versus Historical 60601, Chicago, IL Rents

60601 rentals average $2,650 for a 1-bedroom rental to $10,000 for a 4-bedroom rental. The median price of all currently available listings is $2,899, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $22 (-1.05%) year-over-year from $2,039 to $2,017. 1-bedroom rentals prices have decreased by $283 (-10.91%) year-over-year from $2,593 to $2,310. 2-bedroom rentals prices have decreased by $116 (-3.21%) year-over-year from $3,616 to $3,500. 3-bedroom rentals prices have decreased by $115 (-2.09%) year-over-year from $5,515 to $5,400. 4-bedroom rentals prices have increased by $3,750 (45.45%) year-over-year from $8,250 to $12,000. 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 10.91% this month. 1-bedroom rents have gone up by 1.35% this month. 2-bedroom rents have gone up by 2.57% this month. 3-bedroom rents have gone down by 0.06% this month. 4-bedroom rents have gone down by 10.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.23	$2,310	$2,593 (-10.91%)	$2,131 (8.40%)
2 BR	$2.70	$3,500	$3,616 (-3.21%)	$2,967 (17.98%)
3 BR	$3.92	$5,400	$5,515 (-2.09%)	$5,046 (7.01%)
4+ BR	$3.87	$12,000	$8,250 (45.45%)	$8,981 (33.62%)

Historical Rents in 60601, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60601

There are a total of 5 cities nearby 60601. The average rent in 60601 is currently $2,105 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near 60601, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare 60601, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 33.87% more expensive. Two bedrooms in 60601, Chicago, IL are about 34.41% more expensive. Finally, rent for three bedrooms are about 53.44% more expensive. Want more information? Check out the top 5 cities near 60601, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,753	$2,293	$2,000
Evanston, IL	$1,185	$1,668	$2,155	$2,000
Schaumburg, IL	N/A	$1,995	$2,375	$2,105
Wheaton, IL	N/A	$1,865	$2,320	$2,310
Naperville, IL	N/A	$1,650	$2,273	$2,850

Top Neighborhoods Near 60601

There are a total of 15 neighborhoods in or near 60601. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 15 neighborhoods in or near 60601, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near 60601, Chicago, IL is currently around $1,975 per month. A total of 15 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 60601, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,800 average rent per month, South Loop is the most expensive neighborhood in or near 60601. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,085	$1,550
Ravenswood, Chicago, IL	$1,220	$1,550	$2,550	$1,600
Rogers Park, Chicago, IL	$1,085	$1,358	$1,850	$1,600
Uptown, Chicago, IL	$1,100	$1,600	$2,335	$1,648
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,695
Albany Park, Chicago, IL	$1,048	$1,435	$1,800	$1,710
Lincoln Park, Chicago, IL	$1,385	$1,900	$2,890	$1,800
Humboldt Park, Chicago, IL	N/A	$1,788	$1,825	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,048	$1,998
Lakeview, Chicago, IL	$1,350	$1,863	$2,590	$2,094
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,200
DePaul, Chicago, IL	$1,595	$2,245	$2,400	$2,338
Bucktown, Chicago, IL	$1,550	$2,275	$2,393	$2,500
Near North Side, Chicago, IL	$1,865	$2,350	$3,500	$2,536
South Loop, Chicago, IL	$1,700	$2,250	$3,000	$2,800

Top Counties Near 60601

There are a total of 15 counties located by 60601, Chicago, IL. Some of these counties include Chicago, IL, Evanston, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,110. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by 60601, Chicago, IL.

Typically, rent for studios in 60601, Chicago, IL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 60601, Chicago, IL is 32.50% more expensive than other counties nearby. Finally, rent for two bedrooms in 60601, Chicago, IL is 35.60% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,753	$2,293	$2,000
Evanston, IL	$1,185	$1,668	$2,155	$2,000
Schaumburg, IL	$1,195	$1,985	$2,414	$2,095
Downers Grove, IL	N/A	$1,825	$2,209	$2,125
Milton, IL	N/A	$1,865	$2,310	$2,300
Naperville, IL	N/A	$1,663	$2,150	$2,700

Top Zipcodes Near 60601

There are a total of 20 zipcodes in or near 60601, Chicago, IL. The average rent for all of these zipcodes is $2,060. A total of 20 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60640, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $2,675 per month is 60642, Chicago, IL.

Studios in these zipcodes have an average rent of $1,237. 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 60601, Chicago, IL is $1,794 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,368 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 60601, 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	$1,345	$1,900	$2,600	$2,077
60647, Chicago, IL	$1,250	$1,890	$2,150	$2,100
60613, Chicago, IL	$1,325	$1,698	$2,593	$1,948
60640, Chicago, IL	$1,120	$1,593	$2,400	$1,550
60614, Chicago, IL	$1,598	$2,290	$2,895	$2,295
60610, Chicago, IL	$1,868	$2,300	$3,500	$2,600
60625, Chicago, IL	$1,175	$1,495	$2,050	$1,685
60626, Chicago, IL	$1,098	$1,383	$1,850	$1,600
60660, Chicago, IL	$1,120	$1,500	$1,925	$1,563
60618, Chicago, IL	$1,400	$1,495	$1,900	$1,900

Frequently Asked Questions - 60601 Average Rents

What is the average rent price in 60601, Chicago, IL?

The average monthly rental price for 60601, Chicago, IL apartments for rent is approximately $2,899. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60601, 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 60601, Chicago, IL.

How much is a studio apartment in 60601, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 60601.

How much is a one bedroom apartment in 60601, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,650 and an average price per square feet of $3.23. There are a total of 17 one bedroom apartment listings currently available for rent in 60601.

How much is a two bedroom apartment in 60601, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,495 and an average price per square feet of $2.70. There are a total of 8 two bedroom apartment listings currently available for rent in 60601.

How have rent prices in 60601, Chicago, IL changed this year?

Rent prices for rentals in 60601, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in 60601, Chicago, IL?

A reasonable rent price in 60601, Chicago, IL is around $2,319/month. You can search for these reasonably priced rental listings on RentHop.