Average Rent in 60640, Chicago, IL

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Current Versus Historical 60640, Chicago, IL Rents

60640 rentals average $1,300 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $1,953, or roughly $33 per square feet.

For the apartment units and housing in August 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $78 (6.23%) year-over-year from $1,247 to $1,325. 1-bedroom rentals prices have increased by $222 (13.25%) year-over-year from $1,673 to $1,895. 2-bedroom rentals prices have increased by $183 (7.75%) year-over-year from $2,367 to $2,550. 3-bedroom rentals prices have increased by $627 (19.75%) year-over-year from $3,173 to $3,800. 4-bedroom rentals prices have decreased by $573 (-16.98%) year-over-year from $3,373 to $2,800. 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 0.62% this month. 1-bedroom rents have gone up by 5.82% this month. 2-bedroom rents have gone up by 4.79% this month. 3-bedroom rents have gone up by 3.17% this month. 4-bedroom rents have gone down by 29.65% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$38.85	$1,325	$1,247 (6.23%)	$1,130 (17.26%)
1 BR	$31.89	$1,895	$1,673 (13.25%)	$1,454 (30.33%)
2 BR	$29.26	$2,550	$2,367 (7.75%)	$2,063 (23.59%)
3 BR	$31.76	$3,800	$3,173 (19.75%)	$2,632 (44.40%)
4+ BR	$26.32	$2,800	$3,373 (-16.98%)	$2,913 (-3.89%)

Historical Rents in 60640, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60640

There are a total of 13 cities nearby 60640. The average rent in 60640 is currently $2,399 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Cicero, IL, with an average rent of $1,150, is the most affordable city nearby. In contrast, the most expensive city near 60640, Chicago, IL is Buffalo Grove, IL. Monthly rents here are on average $2,750 per month.

Let's compare 60640, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in 60640, Chicago, IL is 31.92% more expensive than other cities nearby. One bedrooms are about 2.61% more affordable. Two bedrooms in 60640, Chicago, IL are about 7.00% more expensive. Finally, rent for three bedrooms are about 21.05% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near 60640, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Palatine, IL	N/A	$1,500	$1,875	$1,900
Chicago, IL	$1,515	$2,008	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Schaumburg, IL	N/A	$2,200	$2,250	$2,399
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Skokie, IL	N/A	$2,075	$2,273	$2,600
Buffalo Grove, IL	N/A	$1,750	$2,513	$2,750
Vernon Hills, IL	N/A	$1,900	$2,350	$2,750

Top Neighborhoods Near 60640

There are a total of 31 neighborhoods in or near 60640. Some of these neighborhoods include Englewood, South Shore, and Edgewater. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 60640, Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near 60640, Chicago, IL is currently around $2,266 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only twenty-one neighborhoods have a higher average rent than $2,266. Interestingly, the neighborhoods' average rent is higher than 60640's average rent, which is only $1,953. Out of all the neighborhoods in or near 60640, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $3,999 average rent per month, DePaul is the most expensive neighborhood in or near 60640. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Englewood, Chicago, IL	$1,100	$1,250	$1,390	$1,400
South Shore, Chicago, IL	$1,038	$1,149	$1,500	$1,550
Edgewater, Chicago, IL	$1,295	$1,500	$2,650	$1,600
Austin, Chicago, IL	$850	$699	$1,775	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
Woodlawn, Chicago, IL	N/A	$1,565	$1,800	$1,800
Portage Park, Chicago, IL	$1,300	$1,500	$1,750	$1,850
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,900
Uptown, Chicago, IL	$1,325	$1,735	$2,700	$1,924
Albany Park, Chicago, IL	$1,250	$1,650	$2,000	$1,960
Pilsen, Chicago, IL	$1,425	$1,800	$1,900	$1,975
West Rogers Park, Chicago, IL	$1,350	$1,595	$1,960	$2,050
Jefferson Park, Chicago, IL	$1,348	$1,595	$1,950	$2,100
Ravenswood, Chicago, IL	$1,500	$1,900	$2,550	$2,150
Humboldt Park, Chicago, IL	$1,850	$1,975	$2,100	$2,243
Lakeview, Chicago, IL	$1,500	$2,100	$3,098	$2,395
Hyde Park, Chicago, IL	$1,375	$1,595	$2,090	$2,399
Logan Square, Chicago, IL	$1,450	$1,995	$2,550	$2,400
Bronzeville, Chicago, IL	$1,193	$1,600	$2,355	$2,478
Lincoln Park, Chicago, IL	$1,673	$2,550	$3,704	$2,725
Near North Side, Chicago, IL	$1,950	$2,600	$4,000	$2,800
South Loop, Chicago, IL	$1,850	$2,350	$3,200	$2,800
University Village - Little Italy, Chicago, IL	$1,488	$2,275	$2,750	$2,850
Roscoe Village, Chicago, IL	$1,473	$2,043	$2,675	$2,898
The Loop, Chicago, IL	$1,893	$2,500	$3,500	$3,000
Wicker Park, Chicago, IL	$2,600	$2,125	$2,775	$3,000
Near West Side, Chicago, IL	N/A	$2,800	$3,574	$3,200
West Town, Chicago, IL	N/A	$2,395	$2,995	$3,200
Bucktown, Chicago, IL	$2,230	$2,515	$3,775	$3,535
DePaul, Chicago, IL	$1,975	$2,432	$3,575	$3,999

Top Counties Near 60640

There are a total of 30 counties located by 60640, Chicago, IL. Some of these counties include Cicero, IL, Berwyn, IL, and Leyden, IL. The average rent for rentals in these counties is $2,400. That's roughly around $23 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Cicero, IL. Its average rent per month is $1,150. Vice versa, with an average rent of $3,500, New Trier, IL is the most expensive county by 60640, Chicago, IL.

Typically, rent for studios in 60640, Chicago, IL is 8.08% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 60640, Chicago, IL is 9.03% more expensive than other counties nearby. Finally, rent for two bedrooms in 60640, Chicago, IL is 12.00% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Leyden, IL	$1,200	$1,385	$2,025	$1,843
Chicago, IL	$1,515	$2,008	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Maine, IL	$1,195	$1,550	$2,500	$2,500
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Northfield, IL	N/A	$1,660	$2,500	$2,925
Niles, IL	N/A	$2,500	$2,450	$2,995
New Trier, IL	$1,595	$1,890	$3,500	$3,500

Top Zipcodes Near 60640

There are a total of 40 zipcodes in or near 60640, Chicago, IL. The average rent for all of these zipcodes is $2,275. A total of 11 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60804, Cicero, IL at $1,150 per month. In comparison, the zipcode with the most expensive average rent of $3,295 per month is 60614, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. That's at least $36 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 60640, Chicago, IL is $1,800 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,250 per month. Which comes out to $26 per sqft. The following table 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	$1,503	$2,100	$3,098	$2,350
60613, Chicago, IL	$1,500	$2,048	$2,996	$2,400
60626, Chicago, IL	$1,200	$1,438	$1,950	$1,650
60614, Chicago, IL	$1,750	$2,500	$3,600	$3,295
60660, Chicago, IL	$1,295	$1,500	$2,600	$1,500
60625, Chicago, IL	$1,373	$1,775	$2,150	$2,098
60647, Chicago, IL	$1,595	$2,095	$2,695	$2,495
60618, Chicago, IL	$1,450	$1,810	$2,400	$2,400
60622, Chicago, IL	$1,793	$2,150	$2,800	$2,900
60611, Chicago, IL	$2,000	$2,524	$4,150	$3,150

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 $1,953. 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 $1,300 and an average price per square feet of $38.85. There are a total of 63 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 $1,800 and an average price per square feet of $31.89. There are a total of 110 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 $2,500 and an average price per square feet of $29.26. There are a total of 85 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 0.06%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by 0.20% year-over-year.

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

A reasonable rent price in 60640, Chicago, IL is around $1,562/month. You can search for these reasonably priced rental listings on RentHop.