Cheap Apartments for Rent in 60640
309 rentals
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Use arrow keys to navigateINCOME RESTRICTED$1,012 - $1,567/mo
Studio-2 Beds
1 BathSheridan Park Apartments | 4536 N Magnolia Ave,
Chicago, IL 60640
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Average Rent Trends in 60640
Rent in 60640 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,825 |
| Oct 2025 | $1,825 |
| Nov 2025 | $1,915 |
| Dec 2025 | $1,995 |
| Jan 2026 | $1,895 |
| Feb 2026 | $1,872 |
| Mar 2026 | $1,900 |
| Apr 2026 | $1,950 |
| May 2026 | $1,995 |
| Jun 2026 | $1,973 |
| Jul 2026 | $2,060 |
| Aug 2026 | $2,100 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,878 | $2,795 | $3,500 | $4,300 | $2,126 |
| Apartments and Condos | $1,900 | $2,812 | $3,575 | $4,300 | $2,325 |
| Houses | — | $2,850 | $2,895 | — | $2,934 |
Frequently Asked Questions about Rentals in 60640
- What is the average rent of an apartment in 60640?The average rent of an apartment in 60640 is $1,913 per month. This is about 3% lower than the national average.
- When is the average rent cheapest in 60640?In the last year, the average rent in 60640 was lowest in Feb 2025 when it was $1,795 per month.
- When is the average rent most expensive in 60640?In the last year, the average rent in 60640 was highest in Dec 2025 when it was $1,995 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 60640?The average rent of a 1 bedroom apartment in 60640 is $1,878 per month. That is about $483 more than the cost of a studio apartment.
- How many available rental listings are in 60640?There are 321 available rental listings in 60640.
- What are some cities near 60640?Some nearby cities include: Lincolnwood, Evanston, Skokie, Harwood Heights, Wilmette, Morton Grove. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 60640 - 641 Rentas | Trulia