Rent in Summit Argo, IL
A 2-bedroom in Summit Argo, IL (ZIP 60501) typically rents for about $1,321 a month, with a range of $1,112–$1,530. Owner-occupied homes in Cook County pay about 1.91% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,280 | $1,280–$1,678 | 1 |
| 1 bed | $1,115 | $880–$1,350 | 1 |
| 2 beds | $1,321 | $1,112–$1,530 | 1 |
| 3 beds | $1,721 | $1,472–$1,970 | 1 |
| 4 beds | $2,141 | $2,031–$2,250 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Summit Argo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Summit Argo, IL?
- About $1,321 a month: the median of the typical rents in 1 ZIP code, which range from $1,112–$1,530. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Summit Argo, IL?
- About $1,115 a month: the median of the typical rents in 1 ZIP code, which range from $880–$1,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Summit Argo, IL?
- About $1,721 a month: the median of the typical rents in 1 ZIP code, which range from $1,472–$1,970. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Summit Argo, IL?
- About $1,280 a month: the median of the typical rents in 1 ZIP code, which range from $1,280–$1,678. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Summit Argo, IL?
- About $2,141 a month: the median of the typical rents in 1 ZIP code, which range from $2,031–$2,250. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Summit Argo, IL?
- Owner-occupied homes in Cook County pay a typical 1.91% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Summit Argo rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).