60016 rental market

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Last updated August 20, 2025

Rental market summary

The average rent for 1 bedroom properties in 60016 is $1,585.

Average rent

$1,585

Month-over-month change

+$26

Year-over-year change

+$85

Available rentals

21

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $1,275 to $3,499.

Rent frequencies
Rent priceNumber of rental properties
$1,2001
$1,3002
$1,4006
$1,5003
$1,6004
$1,7002
$2,0001
$2,3001
$2,4001
$2,800+1

Average rent price over time

In the last year, rent has increased by $85 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,490$1,495
Feb$1,509$1,541
Mar$1,495$1,541
Apr$1,486$1,518
May$1,650$1,600
Jun$1,500$1,594
Jul$1,495$1,509
Aug$1,500$1,569
Sep$1,495No data
Oct$1,474No data
Nov$1,495No data
Dec$1,517No data

Market temperature

The 60016 rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 60016 is 0.02% lower than the national average.

60016vs.

$1,585

$1,586

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Frequently asked questions

1. What is the average rent in 60016?

The average rent in 60016 is $1,983.

2. How much does it cost to rent a house in 60016?

Houses in 60016 rent between $1,275 - $9,900 with an average rent of $1,983.

3. How has the rent in 60016 changed in the last year?

In the last year, the rent in 60016 increased by $127

4. How much has the rent in 60016 increased/decreased in the last month?

In the last month, the rent in 60016 increased by $93

5. How many available rentals are there in 60016?

There are currently 59 rentals available in 60016.

6. How do rent prices in 60016 compare with the national average?

The average rent in 60016 is $1,983 — Infinity% higher the national average of $0.