Average Rent in 60620, Chicago, IL

Current Versus Historical 60620, Chicago, IL Rents

60620 rentals average $1,325 for a 2-bedroom rental to $1,500 for a 3-bedroom rental. The median price of all currently available listings is $1,350, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $99 (12.01%) year-over-year from $826 to $925. 1-bedroom rentals prices have increased by $331 (37.74%) year-over-year from $877 to $1,208. 2-bedroom rentals prices have increased by $18 (1.49%) year-over-year from $1,232 to $1,250. 3-bedroom rentals prices have increased by $92 (6.40%) year-over-year from $1,433 to $1,525. 4-bedroom rentals prices have increased by $238 (12.42%) year-over-year from $1,913 to $2,150. 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 32.37% this month. 1-bedroom rents have gone down by 0.55% this month. 2-bedroom rents have gone down by 3.23% this month. 3-bedroom rents have gone down by 4.19% this month. 4-bedroom rents have gone up by 19.44% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.46	$1,250	$1,232 (1.49%)	$962 (29.98%)
3 BR	$1.18	$1,525	$1,433 (6.40%)	$1,283 (18.83%)

Historical Rents in 60620, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60620

There are a total of 5 cities nearby 60620. The average rent in 60620 is currently $2,105 per month. Our records show that Evanston, IL, with an average rent of $1,998, is the most affordable city nearby. In contrast, the most expensive city near 60620, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare 60620, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in 60620, Chicago, IL are about 69.81% more affordable. Finally, rent for three bedrooms are about 91.67% more affordable. Want more information? Check out the top 5 cities near 60620, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,998
Chicago, IL	$1,350	$1,760	$2,250	$2,012
Schaumburg, IL	N/A	$1,995	$2,350	$2,105
Wheaton, IL	N/A	$1,865	$2,320	$2,310
Naperville, IL	N/A	$1,650	$2,250	$2,850

Top Neighborhoods Near 60620

There are a total of 14 neighborhoods in or near 60620. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 14 neighborhoods in or near 60620, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near 60620, Chicago, IL is currently around $1,888 per month. Meaning, only fourteen neighborhoods have a higher average rent than $1,888. Interestingly, the neighborhoods' average rent is higher than 60620's average rent, which is only $1,350. Out of all the neighborhoods in or near 60620, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,786 average rent per month, South Loop is the most expensive neighborhood in or near 60620. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,121	$1,550	$2,123	$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	$2,225	$1,650
West Rogers Park, Chicago, IL	$1,200	$1,325	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,435	$1,860	$1,725
Lincoln Park, Chicago, IL	$1,385	$1,900	$2,890	$1,800
Humboldt Park, Chicago, IL	N/A	$1,775	$1,825	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,998
Lakeview, Chicago, IL	$1,350	$1,850	$2,590	$2,095
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,198
DePaul, Chicago, IL	$1,595	$2,245	$2,400	$2,313
Near North Side, Chicago, IL	$1,860	$2,350	$3,500	$2,543
South Loop, Chicago, IL	$1,648	$2,225	$3,000	$2,786

Top Counties Near 60620

There are a total of 14 counties located by 60620, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,113. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,998. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by 60620, Chicago, IL.

Typically, rent for studios in 60620, Chicago, IL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 60620, Chicago, IL is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 60620, Chicago, IL is 69.81% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,998
Chicago, IL	$1,350	$1,760	$2,250	$2,012
Schaumburg, IL	$1,195	$1,985	$2,400	$2,100
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	$2,250	$2,700

Top Zipcodes Near 60620

There are a total of 21 zipcodes in or near 60620, Chicago, IL. The average rent for all of these zipcodes is $2,100.

The following chart includes the top 10 zipcodes in 60620, 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	$1,695	$2,585	$1,950
60640, Chicago, IL	$1,120	$1,590	$2,398	$1,550
60614, Chicago, IL	$1,600	$2,290	$2,883	$2,295
60610, Chicago, IL	$1,868	$2,300	$3,500	$2,600
60625, Chicago, IL	$1,175	$1,500	$2,095	$1,713
60626, Chicago, IL	$1,098	$1,383	$1,850	$1,600
60660, Chicago, IL	$1,120	$1,500	$1,938	$1,550
60618, Chicago, IL	$1,400	$1,495	$1,900	$1,900

Frequently Asked Questions - 60620 Average Rents

What is the average rent price in 60620, Chicago, IL?

The average monthly rental price for 60620, Chicago, IL apartments for rent is approximately $1,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60620, 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 60620, Chicago, IL.

How much is a studio apartment in 60620, 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 60620.

How much is a one bedroom apartment in 60620, Chicago, IL?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in 60620.

How much is a two bedroom apartment in 60620, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,325 and an average price per square feet of $1.46. There are a total of 4 two bedroom apartment listings currently available for rent in 60620.

How have rent prices in 60620, Chicago, IL changed this year?

Rent prices for rentals in 60620, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.38%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in 60620, Chicago, IL?

A reasonable rent price in 60620, Chicago, IL is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.