60416 rental market

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Last updated August 29, 2025

Rental market summary

The average rent for all bedrooms and all property types in 60416 is $1,350.

Average rent

$1,350

Month-over-month change

+$50

Year-over-year change

+$355

Available rentals

4

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,100 to $1,500.

Rent frequencies
Rent priceNumber of rental properties
$1,0001
$1,1001
$1,3001
$1,4001
$1,5001
$1,600+1

Average rent price over time

In the last year, rent has increased by $355 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$925$1,100
Feb$850$1,300
Mar$900$1,245
Apr$1,375$1,300
May$1,025$1,300
Jun$900$1,350
Jul$1,250$1,399
Aug$995$1,300
Sep$995No data
Oct$1,300No data
Nov$1,600No data
Dec$1,245No data

Market temperature

The 60416 rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 60416 is 36% lower than the national average.

60416vs.

$1,350

$2,100

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Frequently asked questions

1. What is the average rent in 60416?

The average rent in 60416 is $1,350.

2. How much does it cost to rent a house in 60416?

Houses in 60416 rent between $1,100 - $1,500 with an average rent of $1,350.

3. How has the rent in 60416 changed in the last year?

In the last year, the rent in 60416 increased by $355

4. How much has the rent in 60416 increased/decreased in the last month?

In the last month, the rent in 60416 increased by $50

5. How many available rentals are there in 60416?

There are currently 4 rentals available in 60416.

6. How do rent prices in 60416 compare with the national average?

The average rent in 60416 is $1,350 — 35.71% lower the national average of $2,100.