Cheap Apartments for Rent in 60616
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PET FRIENDLY$1,479 - $2,699/mo
Studio-2 Beds
1-2 Baths21st Street Lofts by 3L Living | 61 E 21st St,
Chicago, IL 60616
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NEW - 2 DAYS AGO
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Average Rent Trends in 60616
Rent in 60616 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Nov 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $2,188 |
| Jan 2026 | $2,050 |
| Feb 2026 | $2,000 |
| Mar 2026 | $2,050 |
| Apr 2026 | $2,100 |
| May 2026 | $2,200 |
| Jun 2026 | $2,300 |
| Jul 2026 | $2,200 |
| Aug 2026 | $2,300 |
| Sep 2026 | $2,100 |
| Oct 2026 | $2,100 |
| Nov 2026 | $2,100 |
Average Rent By Bedroom and Home Type
In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,946 | $2,382 | $2,467 | $2,200 | $2,150 |
| Townhomes | — | $2,288 | $650 | $3,700 | $2,400 |
| Apartments and Condos | $2,000 | $2,300 | $2,467 | $2,000 | $2,150 |
| Houses | $2,200 | — | — | $9,400 | $3,500 |
Frequently Asked Questions about Rentals in 60616
- What is the average rent of an apartment in 60616?The average rent of an apartment in 60616 is $1,949 per month. This is about 1% higher than the national average.
- What are the cheapest months to find an apartment to rent in 60616?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,950 per month.
- How many cheap apartments are available in 60616?There are 60 apartments to rent that are cheaper than the city’s average rent of $2,150.
- When is the average rent most expensive in 60616?In the last year, the average rent in 60616 was highest in Mar 2025 when it was $2,200 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 60616?The average rent of a 1 bedroom apartment in 60616 is $1,946 per month. That is about $546 more than the cost of a studio apartment.
- What are some cities near 60616?
View this page in Spanish: Apartamentos baratos en renta en 60616 - 369 Rentas | Trulia