60416 rental market
Last updated August 28, 2025
Rental market summary
The average rent for 1 bedroom properties in 60416 is $1,000.
$1,000
-$150
+$25
2
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $1,000 to $1,100.
| Rent price | Number of rental properties |
|---|---|
| $900 | 1 |
| $1,000 | 2 |
| $1,100+ | 1 |
Average rent price over time
In the last year, rent has increased by $25 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $875 | $1,000 |
| Feb | $543 | $1,050 |
| Mar | $780 | $1,300 |
| May | $950 | $1,300 |
| Jul | $1,050 | $1,000 |
| Aug | $950 | $1,100 |
| Sep | $975 | $1,150 |
| Oct | $975 | No data |
| Dec | $1,000 | No 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 60416 is 37% lower than the national average.
$1,000
$1,581
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Frequently asked questions
1. What is the average rent in 60416?
The average rent in 60416 is $1,300.
2. How much does it cost to rent a house in 60416?
Houses in 60416 rent between $1,000 - $1,399 with an average rent of $1,300.
3. How has the rent in 60416 changed in the last year?
In the last year, the rent in 60416 increased by $305
4. How much has the rent in 60416 increased/decreased in the last month?
In the last month, the rent in 60416 did not change.
5. How many available rentals are there in 60416?
There are currently 6 rentals available in 60416.
6. How do rent prices in 60416 compare with the national average?
The average rent in 60416 is $1,300 — Infinity% higher the national average of $0.