Average Rent in 60642, Chicago, IL

Current Versus Historical 60642, Chicago, IL Rents

60642 rentals average $1,929 for a studio rental to $5,300 for a 4-bedroom rental. The median price of all currently available listings is $2,700, 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 $395 (-18.31%) year-over-year from $2,156 to $1,761. 1-bedroom rentals prices have decreased by $54 (-2.46%) year-over-year from $2,199 to $2,145. 2-bedroom rentals prices have decreased by $199 (-7.97%) year-over-year from $2,499 to $2,300. 3-bedroom rentals prices have decreased by $336 (-9.85%) year-over-year from $3,408 to $3,073. 4-bedroom rentals prices have decreased by $25 (-0.71%) year-over-year from $3,525 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 down by 8.11% this month. 1-bedroom rents have gone down by 0.85% this month. 2-bedroom rents have gone down by 6.12% this month. 3-bedroom rents have gone down by 2.38% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.39	$1,761	$2,156 (-18.31%)	$1,764 (-0.16%)
1 BR	$2.80	$2,145	$2,199 (-2.46%)	$2,036 (5.34%)
2 BR	$2.80	$2,300	$2,499 (-7.97%)	$2,238 (2.76%)
3 BR	$2.40	$3,073	$3,408 (-9.85%)	$2,617 (17.42%)
4+ BR	$2.41	$3,500	$3,525 (-0.71%)	$3,067 (14.13%)

Historical Rents in 60642, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 60642

There are a total of 6 cities nearby 60642. The average rent in 60642 is currently $2,210 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Evanston, IL, with an average rent of $1,955, is the most affordable city nearby. In contrast, the most expensive city near 60642, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,825 per month.

Let's compare 60642, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 22.70% more expensive. Two bedrooms in 60642, Chicago, IL are about 21.05% more expensive. Finally, rent for three bedrooms are about 19.19% more expensive. Want more information? Check out the top 6 cities near 60642, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Aurora, IL	N/A	$1,300	$1,963	$2,395
Naperville, IL	N/A	$1,650	$2,200	$2,825

Top Neighborhoods Near 60642

There are a total of 13 neighborhoods in or near 60642. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near 60642, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near 60642, Chicago, IL is currently around $1,863 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 60642, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,800 average rent per month, South Loop is the most expensive neighborhood in or near 60642. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,150	$1,350	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,775	$1,640
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,420	$1,900	$1,775
Lincoln Park, Chicago, IL	$1,390	$1,925	$2,795	$1,863
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,906
Lakeview, Chicago, IL	$1,343	$1,895	$2,590	$2,092
Hyde Park, Chicago, IL	$1,250	$1,698	$1,887	$2,198
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,860	$2,399	$3,500	$2,569
South Loop, Chicago, IL	$1,700	$2,200	$3,000	$2,800

Top Counties Near 60642

There are a total of 13 counties located by 60642, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,142. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,955. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by 60642, Chicago, IL.

In comparison, rent for one bedroom listings in 60642, Chicago, IL is 18.70% more expensive than other counties nearby. Finally, rent for two bedrooms in 60642, Chicago, IL is 21.05% 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	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,095
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,175	$2,700

Top Zipcodes Near 60642

There are a total of 20 zipcodes in or near 60642, Chicago, IL. The average rent for all of these zipcodes is $2,062. A total of 18 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60640, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $3,148 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,262. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 60642, Chicago, IL is $1,774 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,394 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 60642, 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	$1,848	$2,150	$2,048
60613, Chicago, IL	$1,300	$1,700	$2,568	$1,943
60640, Chicago, IL	$1,105	$1,595	$2,495	$1,550
60614, Chicago, IL	$1,663	$2,295	$2,862	$2,300
60610, Chicago, IL	$1,860	$2,300	$3,450	$2,658
60625, Chicago, IL	$1,100	$1,498	$2,100	$1,663
60626, Chicago, IL	$1,150	$1,375	$1,850	$1,600
60618, Chicago, IL	$1,400	$1,488	$1,920	$1,950
60660, Chicago, IL	$1,120	$1,500	$1,995	$1,550

Frequently Asked Questions - 60642 Average Rents

What is the average rent price in 60642, Chicago, IL?

The average monthly rental price for 60642, Chicago, IL apartments for rent is approximately $2,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 60642, 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 60642, Chicago, IL.

How much is a studio apartment in 60642, Chicago, IL?

The average monthly rental price for studio apartments is $1,929 and an average price per square feet of $3.39. There are a total of 9 studio apartment listings currently available for rent in 60642.

How much is a one bedroom apartment in 60642, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,225 and an average price per square feet of $2.80. There are a total of 20 one bedroom apartment listings currently available for rent in 60642.

How much is a two bedroom apartment in 60642, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,850 and an average price per square feet of $2.80. There are a total of 12 two bedroom apartment listings currently available for rent in 60642.

How have rent prices in 60642, Chicago, IL changed this year?

Rent prices for rentals in 60642, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.18%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by -0.10% year-over-year.

What is a reasonable rent price in 60642, Chicago, IL?

A reasonable rent price in 60642, Chicago, IL is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.