Average Rent in 60607, Chicago, IL

Current Versus Historical 60607, Chicago, IL Rents

60607 rentals average $1,594 for a studio rental to $12,800 for a 4-bedroom rental. The median price of all currently available listings is $2,975, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $437 (27.10%) year-over-year from $1,612 to $2,049. 1-bedroom rentals prices have decreased by $34 (-1.42%) year-over-year from $2,384 to $2,350. 2-bedroom rentals prices have increased by $448 (14.52%) year-over-year from $3,082 to $3,530. 3-bedroom rentals prices have increased by $1,508 (37.09%) year-over-year from $4,065 to $5,573. 4-bedroom rentals prices have increased by $3,031 (80.46%) year-over-year from $3,767 to $6,798. 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 down by 11.13% this month. 1-bedroom rents have gone down by 10.79% this month. 2-bedroom rents have gone up by 3.64% this month. 3-bedroom rents have gone up by 11.85% this month. 4-bedroom rents have gone up by 32.48% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.97	$2,049	$1,612 (27.10%)	$1,851 (10.70%)
1 BR	$2.92	$2,350	$2,384 (-1.42%)	$2,293 (2.48%)
2 BR	$2.56	$3,530	$3,082 (14.52%)	$2,998 (17.73%)
3 BR	$2.91	$5,573	$4,065 (37.09%)	$4,338 (28.48%)
4+ BR	$3.58	$6,798	$3,767 (80.46%)	$3,266 (108.14%)

Historical Rents in 60607, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60607

There are a total of 6 cities nearby 60607. The average rent in 60607 is currently $2,225 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Willowbrook, IL, with an average rent of $2,080, is the most affordable city nearby. In contrast, the most expensive city near 60607, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare 60607, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 21.62% more expensive. Two bedrooms in 60607, Chicago, IL are about 26.61% more expensive. Finally, rent for three bedrooms are about 54.68% more expensive. Want more information? Check out the top 6 cities near 60607, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Willowbrook, IL	N/A	$1,828	$2,218	$2,080
Schaumburg, IL	N/A	$1,995	$2,464	$2,150
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Wheaton, IL	N/A	$1,960	$2,275	$2,250
Aurora, IL	N/A	$1,348	$2,100	$2,285
Naperville, IL	N/A	$1,488	$2,275	$2,800

Top Neighborhoods Near 60607

There are a total of 8 neighborhoods in or near 60607. Some of these neighborhoods include Rogers Park, Uptown, and Logan Square. We've included all of these top 8 neighborhoods in or near 60607, Chicago, IL in the following chart.

The average rent for these 8 neighborhoods in or near 60607, Chicago, IL is currently around $2,198 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 60607, Rogers Park has the most affordable average rent at $1,535 per month. Whereas, at $3,111 average rent per month, Near North Side is the most expensive neighborhood in or near 60607. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,100	$1,300	$1,750	$1,535
Uptown, Chicago, IL	$1,325	$1,695	$2,600	$1,695
Logan Square, Chicago, IL	$1,150	$1,800	$2,000	$2,000
Lakeview, Chicago, IL	$1,495	$1,900	$2,750	$2,145
Hyde Park, Chicago, IL	$1,250	$1,673	$1,875	$2,250
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,817
Near North Side, Chicago, IL	$1,763	$2,455	$3,700	$3,111

Top Counties Near 60607

There are a total of 8 counties located by 60607, Chicago, IL. Some of these counties include Schaumburg, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,138. Vice versa, with an average rent of $2,623, Naperville, IL is the most expensive county by 60607, Chicago, IL.

In comparison, rent for one bedroom listings in 60607, Chicago, IL is 20.21% more expensive than other counties nearby. Finally, rent for two bedrooms in 60607, Chicago, IL is 27.42% 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	$2,464	$2,138
Downers Grove, IL	N/A	$1,828	$2,218	$2,188
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Milton, IL	N/A	$1,960	$2,250	$2,250
Naperville, IL	N/A	$1,535	$2,198	$2,623

Top Zipcodes Near 60607

There are a total of 17 zipcodes in or near 60607, Chicago, IL. The average rent for all of these zipcodes is $2,175. A total of 15 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 $1,475 per month. In comparison, the zipcode with the most expensive average rent of $3,500 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,225. 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 60607, Chicago, IL is $1,900 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,463 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 60607, 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	$1,495	$1,900	$2,800	$2,095
60647, Chicago, IL	$1,150	$1,800	$2,125	$2,088
60613, Chicago, IL	$1,450	$1,795	$2,600	$2,300
60640, Chicago, IL	$1,375	$1,695	$2,400	$1,695
60614, Chicago, IL	$1,560	$2,250	$3,350	$2,600
60610, Chicago, IL	$1,713	$2,240	$3,500	$3,000
60626, Chicago, IL	$1,100	$1,300	$1,750	$1,475
60618, Chicago, IL	$1,300	$1,650	$1,995	$2,175
60622, Chicago, IL	N/A	$2,025	$2,463	$2,898
60611, Chicago, IL	$1,850	$2,500	$3,850	$3,500

Frequently Asked Questions - 60607 Average Rents

What is the average rent price in 60607, Chicago, IL?

The average monthly rental price for 60607, Chicago, IL apartments for rent is approximately $2,975. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60607, 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 60607, Chicago, IL.

How much is a studio apartment in 60607, Chicago, IL?

The average monthly rental price for studio apartments is $1,594 and an average price per square feet of $2.97. There are a total of 2 studio apartment listings currently available for rent in 60607.

How much is a one bedroom apartment in 60607, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,375 and an average price per square feet of $2.92. There are a total of 14 one bedroom apartment listings currently available for rent in 60607.

How much is a two bedroom apartment in 60607, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,100 and an average price per square feet of $2.56. There are a total of 30 two bedroom apartment listings currently available for rent in 60607.

How have rent prices in 60607, Chicago, IL changed this year?

Rent prices for rentals in 60607, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.27%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.37% year-over-year.

What is a reasonable rent price in 60607, Chicago, IL?

A reasonable rent price in 60607, Chicago, IL is around $2,380/month. You can search for these reasonably priced rental listings on RentHop.