Rent by ZIP · Cook County
Rent in Chicago, IL 60640
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,600 (+13% vs FY2026). Renters in this ZIP code pay a median $1,413 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,170 | $1,910 | +13.6% | $1,953–2,387 | $1,121 ±$52 |
| 1 bedroom | $2,300 | $2,040 | +12.7% | $2,070–2,530 | $1,326 ±$45 |
| 2 bedrooms | $2,600 | $2,300 | +13% | $2,340–2,860 | $1,838 ±$74 |
| 3 bedrooms | $3,340 | $2,960 | +12.8% | $3,006–3,674 | $2,135 ±$125 |
| 4 bedrooms | $3,820 | $3,430 | +11.4% | $3,438–4,202 | $1,827 ±$910 |
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 60640
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 |
|---|---|---|---|
| 60639 | Chicago | $1,760 | $1,249 |
| 60641 | Chicago | $1,970 | $1,408 |
| 60638 | Chicago | $1,830 | $1,400 |
| 60642 | Chicago | $3,020 | $2,346 |
| 60637 | Chicago | $1,740 | $1,230 |
| 60643 | Chicago | $1,880 | $1,303 |
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.