Average Rent in 60616, Chicago, IL

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Current Versus Historical 60616, Chicago, IL Rents

60616 rentals average $1,250 for a studio rental to $2,400 for a 4-bedroom rental. The median price of all currently available listings is $2,450, or roughly $28 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $45 (-3.47%) year-over-year from $1,295 to $1,250. 1-bedroom rentals prices have decreased by $451 (-16.70%) year-over-year from $2,701 to $2,250. 2-bedroom rentals prices have decreased by $196 (-7.00%) year-over-year from $2,796 to $2,600. 3-bedroom rentals prices have increased by $898 (31.49%) year-over-year from $2,850 to $3,748. 4-bedroom rentals prices have decreased by $550 (-18.64%) year-over-year from $2,950 to $2,400. 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 12.02% this month. 1-bedroom rents have gone up by 0.75% this month. 2-bedroom rents have gone down by 3.11% this month. 3-bedroom rents have gone up by 22.60% this month. 4-bedroom rents have gone down by 18.18% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$37.45	$1,250	$1,295 (-3.47%)	$678 (84.46%)
1 BR	$32.25	$2,250	$2,701 (-16.70%)	$1,851 (21.58%)
2 BR	$27.66	$2,600	$2,796 (-7.00%)	$2,326 (11.76%)
3 BR	$22.18	$3,748	$2,850 (31.49%)	$2,643 (41.81%)
4+ BR	$23.04	$2,400	$2,950 (-18.64%)	$2,655 (-9.59%)

Historical Rents in 60616, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60616

There are a total of 14 cities nearby 60616. The average rent in 60616 is currently $2,375 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Berwyn, IL, with an average rent of $1,250, is the most affordable city nearby. In contrast, the most expensive city near 60616, Chicago, IL is Plainfield, IL. Monthly rents here are on average $3,250 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 3.00% more expensive than other cities nearby. One bedrooms are about 20.68% more expensive. Two bedrooms in 60616, Chicago, IL are about 10.60% more expensive. Finally, rent for three bedrooms are about 17.25% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 60616, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Berwyn, IL	$1,023	$1,200	$1,750	$1,250
Cicero, IL	$895	$1,093	$1,675	$1,295
Palatine, IL	N/A	$1,538	$1,975	$1,995
Wheaton, IL	$1,650	$2,126	$2,349	$2,255
Chicago, IL	$1,560	$2,150	$2,495	$2,300
Oak Park, IL	$1,300	$1,750	$2,550	$2,350
Schaumburg, IL	N/A	$2,165	$2,295	$2,350
Skokie, IL	N/A	$1,650	$2,400	$2,500
Evanston, IL	$2,088	$2,200	$2,425	$2,550
Naperville, IL	$1,325	$1,799	$2,300	$2,600

Top Neighborhoods Near 60616

There are a total of 30 neighborhoods in or near 60616. Some of these neighborhoods include Englewood, Rogers Park, and South Shore. 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 $2,348 per month. A total of 19 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $2,348. Interestingly, the neighborhoods' average rent is less than 60616's average rent, which is actually $2,450. Out of all the neighborhoods in or near 60616, Englewood has the most affordable average rent at $1,450 per month. Whereas, at $3,550 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
Englewood, Chicago, IL	$1,100	$1,250	$1,400	$1,450
Rogers Park, Chicago, IL	$1,195	$1,450	$1,850	$1,650
South Shore, Chicago, IL	$975	$1,175	$1,550	$1,675
Austin, Chicago, IL	$1,200	$1,025	$1,800	$1,800
Lawndale, Chicago, IL	N/A	$1,723	$1,750	$1,800
Edgewater, Chicago, IL	$1,425	$1,795	$2,500	$1,850
Albany Park, Chicago, IL	$1,463	$1,473	$1,963	$1,900
Uptown, Chicago, IL	$1,295	$1,775	$2,800	$1,900
Ravenswood, Chicago, IL	$1,450	$1,925	$2,700	$1,975
Bridgeport, Chicago, IL	N/A	$1,638	$2,125	$1,975
West Rogers Park, Chicago, IL	$1,350	$1,563	$1,900	$1,995
Pilsen, Chicago, IL	$1,988	$1,600	$1,973	$1,995
Jefferson Park, Chicago, IL	$1,450	$1,495	$2,100	$2,100
Far East, Aurora, IL	N/A	$1,905	$2,200	$2,202
Hyde Park, Chicago, IL	$1,295	$1,700	$2,090	$2,300
Bronzeville, Chicago, IL	$1,200	$1,673	$2,365	$2,395
Logan Square, Chicago, IL	$1,595	$2,095	$2,500	$2,395
Lakeview, Chicago, IL	$1,570	$2,195	$3,200	$2,395
Humboldt Park, Chicago, IL	$1,675	$1,975	$1,938	$2,395
University Village - Little Italy, Chicago, IL	$850	$2,100	$2,700	$2,600
Lincoln Park, Chicago, IL	$1,750	$2,695	$3,800	$2,723
Roscoe Village, Chicago, IL	N/A	$2,177	$2,800	$2,800
South Loop, Chicago, IL	$1,721	$2,400	$3,159	$2,800
Near North Side, Chicago, IL	$1,950	$2,575	$3,900	$2,800
The Loop, Chicago, IL	$2,138	$2,500	$3,725	$2,934
Near West Side, Chicago, IL	N/A	$2,800	$3,700	$3,100
Wicker Park, Chicago, IL	$2,450	$2,698	$2,800	$3,100
West Town, Chicago, IL	$2,200	$2,267	$2,995	$3,200
Bucktown, Chicago, IL	$2,363	$2,695	$3,535	$3,495
DePaul, Chicago, IL	$1,778	$2,595	$3,500	$3,550

Top Counties Near 60616

There are a total of 28 counties located by 60616, Chicago, IL. Some of these counties include Berwyn, IL, Cicero, IL, and Worth, IL. The average rent for rentals in these counties is $2,400. That's roughly around $24 per sqft. A total of 18 counties have a lower average rent. The county that is the most affordable is Berwyn, IL. Its average rent per month is $1,250. Vice versa, with an average rent of $3,400, New Trier, IL is the most expensive county by 60616, Chicago, IL.

Typically, rent for studios in 60616, Chicago, IL is 7.20% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 60616, Chicago, IL is 28.57% more expensive than other counties nearby. Finally, rent for two bedrooms in 60616, Chicago, IL is 15.38% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Berwyn, IL	$1,023	$1,200	$1,750	$1,250
Cicero, IL	$895	$1,093	$1,675	$1,295
Worth, IL	$1,575	$1,385	$1,650	$1,750
Leyden, IL	$1,418	$1,450	$2,150	$2,000
Proviso, IL	$1,160	$1,400	$1,825	$2,025
Lyons, IL	N/A	$1,425	$1,750	$2,200
Chicago, IL	$1,560	$2,150	$2,495	$2,300
Oak Park, IL	$1,300	$1,750	$2,550	$2,350
Evanston, IL	$2,088	$2,200	$2,425	$2,550
Niles, IL	N/A	$1,675	$2,500	$3,000

Top Zipcodes Near 60616

There are a total of 37 zipcodes in or near 60616, Chicago, IL. The average rent for all of these zipcodes is $2,295. A total of 23 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60402, Berwyn, IL at $1,250 per month. In comparison, the zipcode with the most expensive average rent of $3,250 per month is 60642, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. That's at least $39 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 $1,799 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,395 per month. Which comes out to $26 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	$1,585	$2,195	$3,245	$2,295
60614, Chicago, IL	$1,823	$2,648	$3,748	$2,900
60611, Chicago, IL	$2,000	$2,500	$4,000	$2,805
60613, Chicago, IL	$1,488	$2,150	$3,095	$2,500
60610, Chicago, IL	$1,695	$2,500	$3,725	$2,695
60647, Chicago, IL	$1,595	$2,195	$2,650	$2,495
60607, Chicago, IL	$850	$2,800	$3,600	$3,000
60622, Chicago, IL	$1,850	$2,225	$2,625	$2,898
60640, Chicago, IL	$1,385	$1,825	$2,600	$1,900
60608, Chicago, IL	$1,988	$1,698	$1,998	$2,100

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 $2,450. 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 $1,250 and an average price per square feet of $37.45. There are a total of 3 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 $2,275 and an average price per square feet of $32.25. There are a total of 18 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 $2,600 and an average price per square feet of $27.66. There are a total of 60 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 -0.03%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by -0.07%, three bedroom rental prices have changed by 0.31% year-over-year.

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

A reasonable rent price in 60616, Chicago, IL is around $1,960/month. You can search for these reasonably priced rental listings on RentHop.