Average Rent in 60616, Chicago, IL

Home » IL » Chicago » 60616

Current Versus Historical 60616, Chicago, IL Rents

60616 rentals average $1,744 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,660, or roughly $35 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $551 (46.15%) year-over-year from $1,193 to $1,744. 1-bedroom rentals prices have decreased by $63 (-2.51%) year-over-year from $2,513 to $2,450. 2-bedroom rentals prices have increased by $232 (8.21%) year-over-year from $2,825 to $3,057. 3-bedroom rentals prices have increased by $428 (17.36%) year-over-year from $2,467 to $2,895. 4-bedroom rentals prices have increased by $558 (18.98%) year-over-year from $2,942 to $3,500. 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 9.71% this month. 1-bedroom rents have gone up by 8.95% this month. 2-bedroom rents have gone up by 9.74% this month. 3-bedroom rents have gone down by 2.36% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,744	$1,193 (46.15%)	$605 (188.42%)
1 BR	$41.30	$2,450	$2,513 (-2.51%)	$1,747 (40.28%)
2 BR	$33.36	$3,057	$2,825 (8.21%)	$2,214 (38.06%)
3 BR	$22.01	$2,895	$2,467 (17.36%)	$2,936 (-1.40%)
4+ BR	$14.00	$3,500	$2,942 (18.98%)	$2,529 (38.41%)

Historical Rents in 60616, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60616

There are a total of 12 cities nearby 60616. The average rent in 60616 is currently $2,411 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $2,119, is the most affordable city nearby. In contrast, the most expensive city near 60616, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,900 per month.

Let's compare 60616, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in 60616, Chicago, IL is 24.03% more expensive than other cities nearby. One bedrooms are about 20.53% more expensive. Two bedrooms in 60616, Chicago, IL are about 27.15% more expensive. Finally, rent for three bedrooms are about 3.63% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near 60616, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Palatine, IL	$1,300	$1,500	$2,050	$2,300
Skokie, IL	$1,150	$2,300	$2,200	$2,400
Schaumburg, IL	N/A	$2,233	$2,325	$2,400
Wheaton, IL	$1,425	$1,850	$2,546	$2,421
Vernon Hills, IL	$2,074	$2,234	$2,100	$2,481
Evanston, IL	$2,110	$1,795	$2,395	$2,500
Chicago, IL	$2,138	$2,575	$3,048	$2,575
Arlington Heights, IL	$1,200	$2,000	$2,225	$2,600
Naperville, IL	N/A	$1,625	$2,350	$2,900

Top Neighborhoods Near 60616

There are a total of 30 neighborhoods in or near 60616. Some of these neighborhoods include South Shore, Edgewater, and Austin. We've included all of these top 30 neighborhoods in or near 60616, Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near 60616, Chicago, IL is currently around $2,406 per month. A total of 19 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $2,406. Interestingly, the neighborhoods' average rent is less than 60616's average rent, which is actually $2,660. Out of all the neighborhoods in or near 60616, South Shore has the most affordable average rent at $1,575 per month. Whereas, at $3,940 average rent per month, DePaul is the most expensive neighborhood in or near 60616. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$995	$1,200	$1,450	$1,575
Edgewater, Chicago, IL	$1,364	$1,600	$2,498	$1,650
Austin, Chicago, IL	$1,150	$1,198	$1,600	$1,725
Rogers Park, Chicago, IL	$1,341	$1,450	$2,000	$1,779
Woodlawn, Chicago, IL	N/A	$1,565	$1,850	$1,880
West Rogers Park, Chicago, IL	$1,338	$1,495	$1,905	$1,903
Hyde Park, Chicago, IL	$1,095	$1,373	$2,350	$1,925
Lawndale, Chicago, IL	$1,550	$1,400	$1,650	$1,925
Uptown, Chicago, IL	$1,398	$1,978	$2,500	$1,972
Albany Park, Chicago, IL	$1,275	$1,513	$2,000	$2,000
Pilsen, Chicago, IL	$1,998	$1,498	$2,025	$2,050
Jefferson Park, Chicago, IL	$1,300	$1,500	$2,200	$2,200
Ravenswood, Chicago, IL	$1,550	$1,950	$2,650	$2,273
Humboldt Park, Chicago, IL	$1,513	$1,750	$2,075	$2,350
Logan Square, Chicago, IL	$1,695	$2,233	$2,520	$2,400
University Village - Little Italy, Chicago, IL	$2,004	$2,343	$3,036	$2,412
Lakeview, Chicago, IL	$1,520	$2,300	$3,100	$2,495
Bronzeville, Chicago, IL	$995	$1,700	$2,373	$2,625
Bucktown, Chicago, IL	$2,191	$2,629	$3,550	$2,641
Tri-Taylor, Chicago, IL	$2,205	$2,515	$3,059	$2,673
Lincoln Park, Chicago, IL	$1,850	$2,737	$4,152	$2,737
South Loop, Chicago, IL	$2,268	$2,655	$3,519	$2,850
The Loop, Chicago, IL	$2,398	$2,870	$4,050	$2,864
Wicker Park, Chicago, IL	$2,400	$2,880	$3,200	$2,908
Near West Side, Chicago, IL	$2,332	$2,869	$3,809	$2,943
Goose Island, Chicago, IL	$2,075	$3,052	$4,545	$3,025
Near North Side, Chicago, IL	$2,380	$2,889	$4,185	$3,036
West Loop, Chicago, IL	$2,361	$3,025	$4,142	$3,074
West Town, Chicago, IL	$2,517	$2,978	$4,268	$3,175
DePaul, Chicago, IL	$2,195	$2,673	$3,700	$3,940

Top Counties Near 60616

There are a total of 28 counties located by 60616, Chicago, IL. Some of these counties include Worth, IL, Proviso, IL, and Leyden, IL. The average rent for rentals in these counties is $2,403. That's roughly around $23 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,150, Northfield, IL is the most expensive county by 60616, Chicago, IL.

Typically, rent for studios in 60616, Chicago, IL is 34.06% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 60616, Chicago, IL is 31.87% more expensive than other counties nearby. Finally, rent for two bedrooms in 60616, Chicago, IL is 30.44% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,450	$1,675	$1,800
Proviso, IL	$1,195	$1,425	$1,800	$1,875
Leyden, IL	N/A	$1,488	$1,895	$1,898
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Thornton, IL	$1,250	$1,200	$1,613	$2,175
Lyons, IL	$1,650	$1,500	$1,825	$2,300
Evanston, IL	$2,110	$1,795	$2,395	$2,500
Maine, IL	N/A	$1,625	$2,100	$2,500
Chicago, IL	$2,138	$2,575	$3,048	$2,575
Niles, IL	$1,150	$2,300	$2,250	$2,700

Top Zipcodes Near 60616

There are a total of 36 zipcodes in or near 60616, Chicago, IL. The average rent for all of these zipcodes is $2,284. A total of 25 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,575 per month. In comparison, the zipcode with the most expensive average rent of $3,155 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,535. That's at least $40 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 60616, Chicago, IL is $1,743 per month. Or in other words, $28 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,295 per month. Which comes out to $27 per sqft. The following table includes the top 10 zipcodes in 60616, 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	$1,545	$2,255	$3,250	$2,435
60614, Chicago, IL	$1,940	$2,657	$4,000	$2,814
60611, Chicago, IL	$2,379	$2,857	$4,182	$3,155
60613, Chicago, IL	$1,500	$2,300	$2,950	$2,500
60610, Chicago, IL	$2,264	$2,711	$4,076	$2,809
60647, Chicago, IL	$1,695	$2,295	$2,631	$2,450
60607, Chicago, IL	$2,400	$2,888	$3,915	$2,995
60622, Chicago, IL	$2,343	$2,548	$2,895	$2,880
60640, Chicago, IL	$1,364	$1,950	$2,500	$1,962
60608, Chicago, IL	$1,998	$1,498	$2,000	$2,045

Frequently Asked Questions - 60616 Average Rents

What is the average rent price in 60616, Chicago, IL?

The average monthly rental price for 60616, Chicago, IL apartments for rent is approximately $2,660. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60616, 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 60616, Chicago, IL.

How much is a studio apartment in 60616, Chicago, IL?

The average monthly rental price for studio apartments is $1,744. There are a total of 1 studio apartment listings currently available for rent in 60616.

How much is a one bedroom apartment in 60616, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,422 and an average price per square feet of $41.30. There are a total of 86 one bedroom apartment listings currently available for rent in 60616.

How much is a two bedroom apartment in 60616, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,037 and an average price per square feet of $33.36. There are a total of 102 two bedroom apartment listings currently available for rent in 60616.

How have rent prices in 60616, Chicago, IL changed this year?

Rent prices for rentals in 60616, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.46%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by 0.17% year-over-year.

What is a reasonable rent price in 60616, Chicago, IL?

A reasonable rent price in 60616, Chicago, IL is around $2,128/month. You can search for these reasonably priced rental listings on RentHop.