60516 rental market
Last updated August 19, 2025
Rental market summary
The average rent for 3 bedroom properties in 60516 is $2,750.
$2,750
+$150
-$50
2
Source: Zillow Rentals data
Rental price range
The price range for 3 bedroom properties is $2,750 to $3,300.
| Rent price | Number of rental properties |
|---|---|
| $2,700 | 1 |
| $3,200 | 1 |
| $3,300+ | 1 |
Average rent price over time
In the last year, rent has decreased by $50 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $3,000 | $3,300 |
| Feb | $2,800 | $3,188 |
| Mar | $3,000 | $2,650 |
| Apr | $3,200 | $2,990 |
| May | $3,145 | $2,300 |
| Jun | $2,500 | $3,000 |
| Jul | $3,500 | $3,000 |
| Aug | $3,200 | $2,450 |
| Sep | $5,575 | No data |
| Oct | $2,600 | No data |
| Nov | $2,780 | No data |
| Dec | $3,000 | 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 25% higher than the national average.
$2,750
$2,206
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Frequently asked questions
1. What is the average rent in 60516?
The average rent in 60516 is $2,300.
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 $2,300.
3. How has the rent in 60516 changed in the last year?
In the last year, the rent in 60516 decreased by $650
4. How much has the rent in 60516 increased/decreased in the last month?
In the last month, the rent in 60516 did not change.
5. How many available rentals are there in 60516?
There are currently 12 rentals available in 60516.
6. How do rent prices in 60516 compare with the national average?
The average rent in 60516 is $2,300 — Infinity% higher the national average of $0.