60516 rental market
Last updated August 10, 2025
Rental market summary
The average rent for 1 bedroom properties in 60516 is $1,485.
$1,485
-$15
-$293
3
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $1,381 to $1,860.
| Rent price | Number of rental properties |
|---|---|
| $1,400 | 2 |
| $1,800+ | 1 |
Average rent price over time
In the last year, rent has decreased by $293 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,705 | $1,765 |
| Feb | $1,722 | $1,789 |
| Mar | $1,733 | $1,851 |
| Apr | $1,767 | $1,801 |
| May | $1,703 | $1,487 |
| Jun | $1,681 | $1,500 |
| Jul | $1,753 | $1,422 |
| Aug | $1,744 | $1,485 |
| Sep | $1,723 | No data |
| Oct | $1,755 | No data |
| Nov | $1,774 | No data |
| Dec | $1,772 | No data |
Market temperature
The 60516 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 60516 is 7% lower than the national average.
$1,485
$1,595
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Frequently asked questions
1. What is the average rent in 60516?
The average rent in 60516 is $1,950.
2. How much does it cost to rent a house in 60516?
Houses in 60516 rent between $1,485 - $11,900 with an average rent of $1,950.
3. How has the rent in 60516 changed in the last year?
In the last year, the rent in 60516 decreased by $1,000
4. How much has the rent in 60516 increased/decreased in the last month?
In the last month, the rent in 60516 decreased by $550
5. How many available rentals are there in 60516?
There are currently 8 rentals available in 60516.
6. How do rent prices in 60516 compare with the national average?
The average rent in 60516 is $1,950 — Infinity% higher the national average of $0.