(Above) Madison Throop Place, 1247 & 1249 West Madison Street, in the most expensive zip code for renters in Illinois.
13-Oct-19 No surprise here. The highest rents in Illinois this year were paid by renters in the Loop, West Loop, River North, and Streeterville.
The apartment search website RENTCafé analyzed the rents of 17 million apartments in 7,000 zip codes nationwide and declared these the four most expensive zip codes for renters in Illinois...
60606, which covers the west side of the Loop from Wells Street to 1-2 blocks west of the Chicago River. In this zip code, the average monthly rent is $2,770, up 4.6 percent from last year. It is the most expensive zip code for the second year in a row.
60654, mostly River North from about State Street west to Halsted Street and from the Chicago River north to Chicago Avenue. The average monthly rent is $2,761, up 5.2 percent from last year.
60611, mostly Streeterville from State Street east to Lake Michigan and Chicago River north to Division Street. The average rent is $2,679, up 5.7 percent from last year. That is the most significant increase among the priciest zip codes in Chicago.
60601, the north side of the Loop, from Randolph Street north to the river and Wells Street east to the lake. The average rent is $2,616, up 5.0 percent from last year.
According to RENTCafé, these rents are $300 to $700 higher than average rents in all of Chicago.
Of the ten most expensive zip codes for renters in the Midwest, nine are in Chicago and one is in Minneapolis.