Average Rent in 60640, Chicago, IL

Current Versus Historical 60640, Chicago, IL Rents

60640 rentals average $1,120 for a studio rental to $2,700 for a 3-bedroom rental. The median price of all currently available listings is $1,550, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $8 (-0.75%) year-over-year from $1,113 to $1,105. 1-bedroom rentals prices have increased by $25 (1.64%) year-over-year from $1,525 to $1,550. 2-bedroom rentals prices have increased by $459 (23.96%) year-over-year from $1,914 to $2,373. 3-bedroom rentals prices have increased by $47 (1.70%) year-over-year from $2,748 to $2,795. 4-bedroom rentals prices have decreased by $267 (-7.59%) year-over-year from $3,514 to $3,248. 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 0.53% this month. 1-bedroom rents have gone up by 1.71% this month. 2-bedroom rents have gone up by 7.15% this month. 3-bedroom rents have gone down by 4.66% this month. 4-bedroom rents have gone up by 3.73% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.91	$1,105	$1,113 (-0.75%)	$1,090 (1.38%)
1 BR	$2.46	$1,550	$1,525 (1.64%)	$1,355 (14.41%)
2 BR	$2.44	$2,373	$1,914 (23.96%)	$1,728 (37.27%)
3 BR	$2.09	$2,795	$2,748 (1.70%)	$2,450 (14.08%)

Historical Rents in 60640, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60640

There are a total of 5 cities nearby 60640. The average rent in 60640 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 60640, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare 60640, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 10.52% more affordable. Two bedrooms in 60640, Chicago, IL are about 4.48% more expensive. Finally, rent for three bedrooms are about 6.48% more affordable. Want more information? Check out the top 5 cities near 60640, 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	$1,348	$1,760	$2,290	$2,023
Schaumburg, IL	N/A	$1,995	$2,350	$2,105
Wheaton, IL	N/A	$1,865	$2,320	$2,320
Naperville, IL	N/A	$1,650	$2,250	$2,850

Top Neighborhoods Near 60640

There are a total of 14 neighborhoods in or near 60640. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 14 neighborhoods in or near 60640, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near 60640, Chicago, IL is currently around $1,906 per month. A total of one neighborhood has a lower average rent. Meaning, only thirteen neighborhoods have a higher average rent than $1,906. Interestingly, the neighborhoods' average rent is higher than 60640's average rent, which is only $1,550. Out of all the neighborhoods in or near 60640, 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 60640. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,121	$1,550	$2,150	$1,550
Ravenswood, Chicago, IL	$1,220	$1,550	$2,570	$1,600
Rogers Park, Chicago, IL	$1,095	$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	$1,925	$2,890	$1,838
Humboldt Park, Chicago, IL	N/A	$1,775	$1,825	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,995
Lakeview, Chicago, IL	$1,345	$1,850	$2,585	$2,095
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,198
DePaul, Chicago, IL	$1,595	$2,245	$2,375	$2,300
Near North Side, Chicago, IL	$1,860	$2,350	$3,500	$2,550
South Loop, Chicago, IL	$1,648	$2,225	$3,000	$2,786

Top Counties Near 60640

There are a total of 14 counties located by 60640, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,100. 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 60640, Chicago, IL.

Typically, rent for studios in 60640, Chicago, IL is 47.10% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 60640, Chicago, IL is 12.56% more affordable than other counties nearby. Finally, rent for two bedrooms in 60640, Chicago, IL is 5.32% more expensive 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	$1,348	$1,760	$2,290	$2,023
Schaumburg, IL	$1,195	$1,985	$2,400	$2,098
Downers Grove, IL	N/A	$1,825	$2,209	$2,103
Milton, IL	N/A	$1,865	$2,310	$2,320
Naperville, IL	N/A	$1,663	$2,250	$2,700

Top Zipcodes Near 60640

There are a total of 20 zipcodes in or near 60640, Chicago, IL. The average rent for all of these zipcodes is $2,100.

The following chart includes the top 10 zipcodes in 60640, 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	$2,595	$2,075
60647, Chicago, IL	$1,250	$1,890	$2,150	$2,100
60613, Chicago, IL	$1,313	$1,695	$2,588	$1,950
60614, Chicago, IL	$1,603	$2,293	$2,875	$2,295
60610, Chicago, IL	$1,868	$2,300	$3,500	$2,625
60625, Chicago, IL	$1,175	$1,500	$2,098	$1,713
60626, Chicago, IL	$1,100	$1,383	$1,850	$1,600
60660, Chicago, IL	$1,120	$1,500	$1,950	$1,550
60618, Chicago, IL	$1,400	$1,495	$1,900	$1,900
60622, Chicago, IL	$1,893	$2,100	$2,400	$2,390

Frequently Asked Questions - 60640 Average Rents

What is the average rent price in 60640, Chicago, IL?

The average monthly rental price for 60640, Chicago, IL apartments for rent is approximately $1,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60640, 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 60640, Chicago, IL.

How much is a studio apartment in 60640, Chicago, IL?

The average monthly rental price for studio apartments is $1,120 and an average price per square feet of $2.91. There are a total of 58 studio apartment listings currently available for rent in 60640.

How much is a one bedroom apartment in 60640, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,593 and an average price per square feet of $2.46. There are a total of 98 one bedroom apartment listings currently available for rent in 60640.

How much is a two bedroom apartment in 60640, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,398 and an average price per square feet of $2.44. There are a total of 40 two bedroom apartment listings currently available for rent in 60640.

How have rent prices in 60640, Chicago, IL changed this year?

Rent prices for rentals in 60640, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.24%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in 60640, Chicago, IL?

A reasonable rent price in 60640, Chicago, IL is around $1,240/month. You can search for these reasonably priced rental listings on RentHop.