Rent by ZIP · Cook County
Rent in Chicago, IL 60623
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,530 (+15.9% vs FY2026). Renters in this ZIP code pay a median $1,109 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,280 | $1,100 | +16.4% | $1,152–1,408 | $1,062 ±$180 |
| 1 bedroom | $1,350 | $1,170 | +15.4% | $1,215–1,485 | $850 ±$65 |
| 2 bedrooms | $1,530 | $1,320 | +15.9% | $1,377–1,683 | $1,114 ±$44 |
| 3 bedrooms | $1,970 | $1,700 | +15.9% | $1,773–2,167 | $1,209 ±$89 |
| 4 bedrooms | $2,250 | $1,970 | +14.2% | $2,025–2,475 | $1,419 ±$280 |
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 60623
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 |
|---|---|---|---|
| 60622 | Chicago | $2,810 | $2,053 |
| 60624 | Chicago | $1,720 | $1,167 |
| 60621 | Chicago | $1,530 | $1,042 |
| 60625 | Chicago | $2,390 | $1,713 |
| 60620 | Chicago | $1,640 | $1,133 |
| 60626 | Chicago | $2,280 | $1,630 |
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.