Average Rent in 60641, Chicago, IL

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Current Versus Historical 60641, Chicago, IL Rents

60641 rentals average $1,100 for a studio rental to $3,850 for a 4-bedroom rental. The median price of all currently available listings is $1,900, or roughly $2 per square feet.
For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $85 (8.81%) year-over-year from $965 to $1,050. 1-bedroom rentals prices have increased by $103 (8.64%) year-over-year from $1,197 to $1,300. 2-bedroom rentals prices have increased by $218 (13.74%) year-over-year from $1,583 to $1,800. 3-bedroom rentals prices have increased by $728 (37.03%) year-over-year from $1,967 to $2,695. 4-bedroom rentals prices have increased by $867 (26.00%) year-over-year from $3,333 to $4,200. 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 0.80% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 9.64% this month. 3-bedroom rents have gone up by 6.45% this month. 4-bedroom rents have gone down by 2.89% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.02 $1,050 $965 (8.81%) $894 (17.43%)
1 BR $1.86 $1,300 $1,197 (8.64%) $1,050 (23.81%)
2 BR $1.72 $1,800 $1,583 (13.74%) $1,317 (36.64%)
3 BR $1.99 $2,695 $1,967 (37.03%) $1,707 (57.91%)
4+ BR $2.00 $4,200 $3,333 (26.00%) $2,092 (100.80%)

Historical Rents in 60641, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 60641

There are a total of 6 cities nearby 60641. The average rent in 60641 is currently $2,550 per month. Our records show that Chicago, IL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near 60641, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare 60641, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 40.38% more affordable. Two bedrooms in 60641, Chicago, IL are about 28.29% more affordable. Finally, rent for three bedrooms are about 17.85% more affordable. Want more information? Check out the top 6 cities near 60641, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,375 $1,800 $2,200 $2,100
Schaumburg, IL N/A $2,131 $2,290 $2,250
Aurora, IL N/A $1,523 $2,200 $2,450
Oak Park, IL N/A $1,750 $2,625 $2,650
Naperville, IL N/A $1,850 $2,200 $2,700
Evanston, IL $2,306 $2,250 $2,795 $2,795

Top Neighborhoods Near 60641

There are a total of 18 neighborhoods in or near 60641. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 18 neighborhoods in or near 60641, Chicago, IL in the following chart.

The average rent for these 18 neighborhoods in or near 60641, Chicago, IL is currently around $2,150 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $2,150. Interestingly, the neighborhoods' average rent is higher than 60641's average rent, which is only $1,900. Out of all the neighborhoods in or near 60641, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $2,950 average rent per month, Near North Side is the most expensive neighborhood in or near 60641. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
South Shore, Chicago, IL $1,050 $1,050 $1,230 $1,275
Uptown, Chicago, IL $1,200 $1,600 $2,325 $1,600
Rogers Park, Chicago, IL $1,200 $1,550 $1,895 $1,650
Edgewater, Chicago, IL $1,298 $1,648 $2,150 $1,800
West Rogers Park, Chicago, IL N/A $1,625 $1,850 $2,000
Lincoln Park, Chicago, IL $1,788 $2,190 $3,800 $2,017
Pilsen, Chicago, IL N/A $1,600 $1,750 $2,050
Ravenswood, Chicago, IL $1,300 $1,800 $2,200 $2,100
Humboldt Park, Chicago, IL N/A $1,750 $1,750 $2,100
Bronzeville, Chicago, IL N/A $1,700 $2,050 $2,200
Logan Square, Chicago, IL $1,550 $1,650 $2,200 $2,296
Lakeview, Chicago, IL $1,500 $1,850 $2,600 $2,310
South Loop, Chicago, IL $1,650 $2,000 $2,800 $2,665
The Loop, Chicago, IL $1,825 $2,200 $3,000 $2,750
Near West Side, Chicago, IL N/A $2,400 $2,733 $2,750
DePaul, Chicago, IL $1,950 $2,496 $2,625 $2,775
West Town, Chicago, IL $2,235 $2,480 $2,833 $2,900
Near North Side, Chicago, IL $1,730 $2,275 $3,700 $2,950

Top Counties Near 60641

There are a total of 18 counties located by 60641, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Proviso, IL. The average rent for rentals in these counties is $2,419. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Thornton, IL. It's average rent per month is $1,713. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by 60641, Chicago, IL.

In comparison, rent for one bedroom listings in 60641, Chicago, IL is 24.62% more affordable than other counties nearby. Finally, rent for two bedrooms in 60641, Chicago, IL is 30.59% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Downers Grove, IL N/A $1,850 $2,060 $2,078
Chicago, IL $1,375 $1,800 $2,200 $2,100
Proviso, IL $1,195 $1,400 $1,700 $2,200
Schaumburg, IL N/A $2,131 $2,099 $2,201
Milton, IL N/A $1,928 $2,271 $2,286
Leyden, IL N/A $1,350 $2,400 $2,400
Maine, IL N/A $1,500 $2,300 $2,400
Niles, IL N/A $1,400 $2,300 $2,500
Oak Park, IL N/A $1,750 $2,625 $2,650
Evanston, IL $2,306 $2,250 $2,795 $2,795

Top Zipcodes Near 60641

There are a total of 3 zipcodes in or near 60641, Chicago, IL. The average rent for all of these zipcodes is $2,000.

The following chart includes the top 3 zipcodes in 60641, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
60618, Chicago, IL $1,600 $1,700 $1,975 $2,000
60615, Chicago, IL $1,250 $1,513 $1,967 $2,300
60625, Chicago, IL $1,300 $1,543 $1,873 $2,000

Frequently Asked Questions - 60641 Average Rents

What is the average rent price in 60641, Chicago, IL?
The average monthly rental price for 60641, Chicago, IL apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 60641, 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 60641, Chicago, IL.
How much is a studio apartment in 60641, Chicago, IL?
The average monthly rental price for studio apartments is $1,100 and an average price per square feet of $2.02. There are a total of 5 studio apartment listings currently available for rent in 60641.
How much is a one bedroom apartment in 60641, Chicago, IL?
The average monthly rental price for one bedroom apartments is $1,300 and an average price per square feet of $1.86. There are a total of 9 one bedroom apartment listings currently available for rent in 60641.
How much is a two bedroom apartment in 60641, Chicago, IL?
The average monthly rental price for two bedroom apartments is $1,750 and an average price per square feet of $1.72. There are a total of 23 two bedroom apartment listings currently available for rent in 60641.
How have rent prices in 60641, Chicago, IL changed this year?
Rent prices for rentals in 60641, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.37% year-over-year.
What is a reasonable rent price in 60641, Chicago, IL?
A reasonable rent price in 60641, Chicago, IL is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.
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