Cheap Apartments for Rent in 60653
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1-3 Beds
1 BathLake Grove Village Apartments | 3555 S Cottage Grove Ave,
Chicago, IL 60653
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$2,051 - $2,537/mo2-3 Beds1-2 Baths4501-03 S Michigan Ave (NEW) | 4501 S Michigan Ave,
Chicago, IL 60653
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Average Rent Trends in 60653
Rent in 60653 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 Feb 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $2,250 |
| Jan 2026 | $2,350 |
| Feb 2026 | $2,400 |
| Mar 2026 | $2,400 |
| Apr 2026 | $2,400 |
| May 2026 | $2,300 |
| Jun 2026 | $2,249 |
| Jul 2026 | $2,150 |
| Aug 2026 | $2,249 |
| Sep 2026 | $2,250 |
| Oct 2026 | $2,400 |
| Nov 2026 | $2,391 |
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 | $1,517 | $2,200 | $2,537 | $2,322 | $2,350 |
| Townhomes | $1,200 | $2,400 | $3,500 | — | $2,666 |
| Apartments and Condos | $1,800 | $2,400 | $2,500 | $2,322 | $2,475 |
| Houses | — | — | $3,500 | $3,633 | $3,639 |
Frequently Asked Questions about Rentals in 60653
- What is the average rent of an apartment in 60653?The average rent of an apartment in 60653 is $1,863 per month. This is about 4% lower than the national average.
- What are the cheapest months to find an apartment to rent in 60653?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $2,165 per month.
- How many cheap apartments are available in 60653?There are 56 apartments to rent that are cheaper than the city’s average rent of $2,350.
- When is the average rent most expensive in 60653?In the last year, the average rent in 60653 was highest in Feb 2025 when it was $2,300 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 60653?The average rent of a 1 bedroom apartment in 60653 is $1,517 per month. That is about $356 more than the cost of a studio apartment.
- What are some cities near 60653?Some nearby cities include: Chicago, Cicero, Evergreen Park, Stickney, Forestview, Hometown. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 60653 - 164 Rentas | Trulia