Rent by ZIP · Cook County
Rent in Chicago, IL 60616
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,270 (+15.2% vs FY2026). Renters in this ZIP code pay a median $1,342 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,890 | $1,640 | +15.2% | $1,701–2,079 | $1,067 ±$86 |
| 1 bedroom | $2,010 | $1,750 | +14.9% | $1,809–2,211 | $1,222 ±$109 |
| 2 bedrooms | $2,270 | $1,970 | +15.2% | $2,043–2,497 | $1,613 ±$171 |
| 3 bedrooms | $2,920 | $2,540 | +15% | $2,628–3,212 | $1,671 ±$116 |
| 4 bedrooms | $3,330 | $2,930 | +13.7% | $2,997–3,663 | $1,420 ±$334 |
Small Area FMRs for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Chicago-Joliet-Naperville, IL HUD Metro FMR Area, 2 bedrooms: $2,011.
What renters pay in 60616
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 60615 | Chicago | $2,440 | $1,762 |
| 60617 | Chicago | $1,520 | $1,069 |
| 60614 | Chicago | $3,020 | $2,595 |
| 60618 | Chicago | $2,330 | $1,696 |
| 60613 | Chicago | $2,910 | $2,086 |
| 60619 | Chicago | $1,640 | $1,132 |
Fair Market Rents across Cook County, IL · All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.