How many apartments are available in 60631 on Rentable.co?
Rentable.co has 6 apartments available for rent in 60631.
What is the average rent for an apartment in 60631?
The average rent for an apartment in 60631 is around $1,880 per month.
What is the average rent for a two-bedroom apartment in 60631?
The average rent for a two-bedroom apartment in 60631 is around $2,195 per month.
Find an Apartment in 60631
Looking for apartments for rent in the 60631 zip code in Chicago, IL? You've come to the right place! Rentable currently has a total of 6 units available for rent in this area. The average rent in 60631 is $1,880, with the minimum rent for a 2-bedroom floor plan type starting at $1,750.
If you're searching for apartments near 60631 in Chicago, IL, Rentable has a variety of options to choose from. Take a look at our available apartments in the 60631 area and find the perfect home that suits your needs.
Chicago: December Rent Report
Welcome to the December 2024 Chicago Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
December 2024 key findings and figures for the Chicago rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Chicago average rent prices in the chart below.
Monthly Rent Report
$2,350
$1,760
$1,180
$590
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR2 BR
Chicago Rent Prices Increase From November to December
Chicago rent prices increased over the last month. From November to December, the city experienced a 0.58% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,914.0.
When we take a look at the two-bedroom comparison from November to December, Chicago experienced a -0.61% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,126.0.
December Prices: Chicago vs. Surrounding Areas
Schaumburg, IL
Des Plaines, IL
Chicago, IL
Evanston, IL
Arlington Heights, IL
Naperville, IL
Oak Park, IL
$2,056
$1,979
$1,903
$1,778
$1,449
$1,412
$1,346
$0
$700
$1,400
$2,100
$2,800
Median 1 BR Rent
Rent Prices in Chicago and Surrounding Areas
Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Chicago suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Oak Park, IL, Arlington Heights, IL, Schaumburg, IL, Des Plaines, IL .
Rent decreased in Naperville, IL, Evanston, IL.
2 suburbs are currently priced higher than the city of Chicago.
4 suburbs are currently priced lower than the city of Chicago.
December 2024 Pricing Trends: Chicago vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent
Chicago Rent Prices More Affordable Than Major Cities
Rent growth in Chicago over the past year has been
on the rise. When compared to major cities nearby, along
with some of the most expensive cities in the country, Chicago average rent prices appear to be
relatively affordable for local residents.
The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.
Data set for Chicago and suburbs
1 BR December
1 BR M/M % Change
2 BR December
2 BR M/M % Change
Chicago, IL
$1,903.0
0.90%
$2,139.0
0.19%
Oak Park, IL
$1,346.0
0.37%
$2,087.0
3.83%
Naperville, IL
$1,412.0
-0.56%
$1,838.0
0.33%
Evanston, IL
$1,778.0
-0.39%
$2,311.0
1.81%
Arlington Heights, IL
$1,449.0
5.23%
$1,932.0
-0.16%
Schaumburg, IL
$2,056.0
1.03%
$2,522.0
1.37%
Des Plaines, IL
$1,979.0
2.27%
$2,451.0
3.64%
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.