Rent in 60656 (Chicago, IL)
In ZIP 60656 (Chicago, IL), a 2-bedroom typically rents for $1,503–$1,960 a month, 14% below the Cook County Fair Market Rent of $2,011. Other sizes: studio $1,279–$1,640, 1 bed $1,341–$1,730, 3 beds $2,051–$2,520, 4 beds $2,136–$2,880. 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 | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,279–$1,640 | $1,460 | $1,67813% below |
| 1 bed | $1,341–$1,730 | $1,536 | $1,78014% below |
| 2 beds | $1,503–$1,960 | $1,732 | $2,01114% below |
| 3 beds | $2,051–$2,520 | $2,286 | $2,58612% below |
| 4 beds | $2,136–$2,880 | $2,508 | $2,95415% below |
- Studio: HUD Small Area Fair Market Rent $1,640 (Oct 1, 2026); Census ACS 5-year median gross rent $1,279 ±$143 (Dec 31, 2024)
- 1 bed: HUD Small Area Fair Market Rent $1,730 (Oct 1, 2026); Census ACS 5-year median gross rent $1,341 ±$143 (Dec 31, 2024)
- 2 beds: HUD Small Area Fair Market Rent $1,960 (Oct 1, 2026); Census ACS 5-year median gross rent $1,503 ±$145 (Dec 31, 2024)
- 3 beds: HUD Small Area Fair Market Rent $2,520 (Oct 1, 2026); Census ACS 5-year median gross rent $2,051 ±$235 (Dec 31, 2024)
- 4 beds: HUD Small Area Fair Market Rent $2,880 (Oct 1, 2026); Census ACS 5-year median gross rent $2,136 ±$269 (Dec 31, 2024)
Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).
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Frequently asked questions
- What is the rent for a 2-bedroom in 60656?
- Typically $1,503–$1,960 a month, with a best guess of $1,732. That is 14% below the Cook County Fair Market Rent ($2,011).
- What is the rent for a 1-bedroom in 60656?
- Typically $1,341–$1,730 a month, with a best guess of $1,536. That is 14% below the Cook County Fair Market Rent ($1,780).
- What is the rent for a 3-bedroom in 60656?
- Typically $2,051–$2,520 a month, with a best guess of $2,286. That is 12% below the Cook County Fair Market Rent ($2,586).
- What is the rent for a studio in 60656?
- Typically $1,279–$1,640 a month, with a best guess of $1,460. That is 13% below the Cook County Fair Market Rent ($1,678).
- What is the rent for a 4-bedroom in 60656?
- Typically $2,136–$2,880 a month, with a best guess of $2,508. That is 15% below the Cook County Fair Market Rent ($2,954).
- What is the property tax rate in ZIP 60656?
- 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 the 60656 rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).