Luxury Apartments for Rent in 60616
117 rentals
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SPECIAL OFFERPET FRIENDLYINCOME RESTRICTED$1,700 - $2,950/mo
Studio-2 Beds
1-2 Baths23rd Place Apartments - Market Rate Apartments | 2350 S State St #423,
Chicago, IL 60616
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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 decreased in Jul 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $2,200 |
| Sep 2025 | $2,131 |
| Oct 2025 | $2,100 |
| Nov 2025 | $2,100 |
| 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 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,200 | $2,371 | $2,500 | $1,850 | $2,300 |
| Townhomes | — | $4,100 | $3,800 | $3,360 | $3,360 |
| Apartments and Condos | $2,300 | $1,995 | $2,350 | $1,210 | $2,200 |
| Houses | — | $3,300 | $3,200 | $6,500 | $3,300 |
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 $2,113 per month. This is about 8% higher than the national average.
- When is the average rent cheapest in 60616?In the last year, the average rent in 60616 was lowest in May 2025 when it was $1,950 per month.
- 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 $2,200 per month. That is about $862 more than the cost of a studio apartment.
- How many available rental listings are in 60616?There are 118 available rental listings in 60616.
- What are some cities near 60616?
View this page in Spanish: Apartamentos de lujo en renta en 60616 - 485 Rentas | Trulia