Average Rent in 60647, Chicago, IL

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Current Versus Historical 60647, Chicago, IL Rents

60647 rentals average $1,150 for a studio rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $2,163, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $7 (0.55%) year-over-year from $1,213 to $1,220. 1-bedroom rentals prices have increased by $305 (16.79%) year-over-year from $1,817 to $2,123. 2-bedroom rentals prices have increased by $288 (13.99%) year-over-year from $2,062 to $2,350. 3-bedroom rentals prices have increased by $346 (14.72%) year-over-year from $2,349 to $2,695. 4-bedroom rentals prices have increased by $468 (14.95%) year-over-year from $3,132 to $3,600. 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 3.83% this month. 1-bedroom rents have gone up by 2.41% this month. 2-bedroom rents have gone up by 4.44% this month. 3-bedroom rents have gone up by 7.91% this month. 4-bedroom rents have gone down by 3.03% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.33 $1,220 $1,213 (0.55%) $1,149 (6.16%)
1 BR $2.80 $2,123 $1,817 (16.79%) $1,411 (50.43%)
2 BR $2.14 $2,350 $2,062 (13.99%) $1,923 (22.18%)
3 BR $2.15 $2,695 $2,349 (14.72%) $2,197 (22.69%)
4+ BR $2.42 $3,600 $3,132 (14.95%) $2,995 (20.20%)

Historical Rents in 60647, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 60647

There are a total of 5 cities nearby 60647. The average rent in 60647 is currently $2,125 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near 60647, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,525 per month.

Let's compare 60647, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 2.51% more expensive. Two bedrooms in 60647, Chicago, IL are about 2.22% more affordable. Finally, rent for three bedrooms are about 13.86% more affordable. Want more information? Check out the top 5 cities near 60647, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,125
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,675 $2,250 $2,525

Top Neighborhoods Near 60647

There are a total of 14 neighborhoods in or near 60647. Some of these neighborhoods include Rogers Park, Edgewater, and Uptown. We've included all of these top 14 neighborhoods in or near 60647, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near 60647, Chicago, IL is currently around $1,980 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,980. Out of all the neighborhoods in or near 60647, Rogers Park has the most affordable average rent at $1,550 per month. Whereas, at $2,705 average rent per month, South Loop is the most expensive neighborhood in or near 60647. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Rogers Park, Chicago, IL $1,145 $1,338 $1,850 $1,550
Edgewater, Chicago, IL $1,100 $1,500 $2,100 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,200 $1,613
Ravenswood, Chicago, IL $1,220 $1,563 $2,475 $1,695
Albany Park, Chicago, IL $1,188 $1,423 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $1,985
Logan Square, Chicago, IL $1,150 $1,793 $2,163 $2,048
Lakeview, Chicago, IL $1,298 $1,845 $2,585 $2,096
DePaul, Chicago, IL $1,545 $1,925 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,370 $2,500
Near North Side, Chicago, IL $1,858 $2,450 $3,530 $2,616
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near 60647

There are a total of 14 counties located by 60647, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,113. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by 60647, Chicago, IL.

In comparison, rent for one bedroom listings in 60647, Chicago, IL is 1.45% more expensive than other counties nearby. Finally, rent for two bedrooms in 60647, Chicago, IL is 2.22% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,788 $2,198 $2,100
Evanston, IL $1,195 $1,650 $2,200 $2,125
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

Top Zipcodes Near 60647

There are a total of 19 zipcodes in or near 60647, Chicago, IL. The average rent for all of these zipcodes is $2,127. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,525 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,273. 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 60647, Chicago, IL is $1,853 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,450 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 60647, 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 $1,325 $1,927 $2,650 $2,127
60613, Chicago, IL $1,273 $1,743 $2,500 $1,850
60640, Chicago, IL $1,095 $1,550 $2,275 $1,550
60614, Chicago, IL $1,525 $2,298 $2,873 $2,395
60610, Chicago, IL $1,853 $2,299 $3,383 $2,646
60625, Chicago, IL $1,175 $1,475 $2,095 $1,700
60626, Chicago, IL $1,148 $1,350 $1,850 $1,550
60660, Chicago, IL $1,123 $1,500 $1,938 $1,550
60618, Chicago, IL $1,348 $1,595 $2,165 $2,300
60622, Chicago, IL $1,893 $2,098 $2,450 $2,390

Frequently Asked Questions - 60647 Average Rents

What is the average rent price in 60647, Chicago, IL?
The average monthly rental price for 60647, Chicago, IL apartments for rent is approximately $2,163. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 60647, 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 60647, Chicago, IL.
How much is a studio apartment in 60647, Chicago, IL?
The average monthly rental price for studio apartments is $1,150 and an average price per square feet of $3.33. There are a total of 35 studio apartment listings currently available for rent in 60647.
How much is a one bedroom apartment in 60647, Chicago, IL?
The average monthly rental price for one bedroom apartments is $1,795 and an average price per square feet of $2.80. There are a total of 38 one bedroom apartment listings currently available for rent in 60647.
How much is a two bedroom apartment in 60647, Chicago, IL?
The average monthly rental price for two bedroom apartments is $2,250 and an average price per square feet of $2.14. There are a total of 60 two bedroom apartment listings currently available for rent in 60647.
How have rent prices in 60647, Chicago, IL changed this year?
Rent prices for rentals in 60647, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.15% year-over-year.
What is a reasonable rent price in 60647, Chicago, IL?
A reasonable rent price in 60647, Chicago, IL is around $1,730/month. You can search for these reasonably priced rental listings on RentHop.
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