Cheap Apartments for Rent in 60416

12 rentals

Apartments For Rent Near 60416

We found 30 more apartments matching your filters just outside 60416

Average Rent Trends in 60416

Rent in 60416 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Nov 2025.
MonthAverage rent
Dec 2025$1,500
Jan 2026$1,519
Feb 2026$1,400
Mar 2026$1,350
Apr 2026$1,200
May 2026$1,250
Jun 2026$1,245
Jul 2026$1,199
Aug 2026$1,199
Sep 2026$1,200
Oct 2026$1,293
Nov 2026$1,350
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Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,150$1,405$1,800$3,500$1,400
Apartments and Condos$1,000$1,550——$1,400
Houses—$1,400$1,800$3,500$1,475