Zip Code: 60640 (Chicago, Illinois) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 60640 Zip Code (Chicago, Illinois) in February 2026 was $1,903.432. The month over month percentage change (MoM) was 0.46%, and the year over year percentage change (YoY) was 6.35%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 60640 zip code (Chicago, Illinois). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 60640 zip code (Chicago, Illinois).

You can see similar information for other Illinois zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 60640 (Chicago, Illinois) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 60640 (Chicago, Illinois) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1220.5529417562323 NaN NaN
Feb 2015 1230.805105265254 0.84 NaN
Mar 2015 1224.208861273711 -0.54 NaN
Apr 2015 1222.092335967599 -0.17 NaN
May 2015 1222.0674967161663 0.00 NaN
Jun 2015 1232.8272629577716 0.88 NaN
Jul 2015 1242.3652565516982 0.77 NaN
Aug 2015 1246.4620396802854 0.33 NaN
Sep 2015 1249.0861365054984 0.21 NaN
Oct 2015 1248.309683527983 -0.06 NaN
Nov 2015 1262.819413353527 1.16 NaN
Dec 2015 1261.6557406601285 -0.09 NaN
Jan 2016 1266.7385453108657 0.40 3.78
Feb 2016 1257.5740058609779 -0.72 2.17
Mar 2016 1266.9824902047244 0.75 3.49
Apr 2016 1276.6255399299723 0.76 4.46
May 2016 1281.667297455457 0.40 4.88
Jun 2016 1281.5672222010364 -0.01 3.95
Jul 2016 1278.9539342610874 -0.20 2.95
Aug 2016 1283.5482600246735 0.36 2.98
Sep 2016 1290.0657582956323 0.51 3.28
Oct 2016 1303.0028512894999 1.00 4.38
Nov 2016 1299.902541272592 -0.24 2.94
Dec 2016 1300.8505893572692 0.07 3.11
Jan 2017 1296.7298219175473 -0.32 2.37
Feb 2017 1306.5533687387883 0.76 3.90
Mar 2017 1317.1139096605475 0.81 3.96
Apr 2017 1316.930911925797 -0.01 3.16
May 2017 1320.4985187293948 0.27 3.03
Jun 2017 1319.1604066542498 -0.10 2.93
Jul 2017 1325.336485666517 0.47 3.63
Aug 2017 1327.643017018828 0.17 3.44
Sep 2017 1323.690684850904 -0.30 2.61
Oct 2017 1325.113849014335 0.11 1.70
Nov 2017 1325.4319922976922 0.02 1.96
Dec 2017 1327.8123196373374 0.18 2.07
Jan 2018 1332.6567105115444 0.37 2.77
Feb 2018 1333.0791327052207 0.03 2.03
Mar 2018 1336.8254047296605 0.28 1.50
Apr 2018 1336.8258828156809 0.00 1.51
May 2018 1342.0838747468356 0.39 1.64
Jun 2018 1349.3848066225646 0.54 2.29
Jul 2018 1358.9602724666977 0.71 2.54
Aug 2018 1361.9461071584408 0.22 2.58
Sep 2018 1363.5498659282523 0.12 3.01
Oct 2018 1356.30657293189 -0.53 2.35
Nov 2018 1364.3890115527306 0.60 2.94
Dec 2018 1376.1567457673764 0.86 3.64
Jan 2019 1376.6920430969737 0.04 3.30
Feb 2019 1375.2514461881296 -0.10 3.16
Mar 2019 1372.3894156674723 -0.21 2.66
Apr 2019 1377.672764679557 0.39 3.06
May 2019 1378.282555836237 0.04 2.70
Jun 2019 1380.581827191672 0.17 2.31
Jul 2019 1378.3814992303892 -0.16 1.43
Aug 2019 1382.024053641674 0.26 1.47
Sep 2019 1389.679167297296 0.55 1.92
Oct 2019 1400.4949514505793 0.78 3.26
Nov 2019 1403.086881377603 0.19 2.84
Dec 2019 1401.7580764401089 -0.09 1.86
Jan 2020 1408.9779107023214 0.52 2.35
Feb 2020 1417.8529211717105 0.63 3.10
Mar 2020 1424.9130721975773 0.50 3.83
Apr 2020 1419.0010797643513 -0.41 3.00
May 2020 1410.839877560802 -0.57 2.36
Jun 2020 1401.8010152180045 -0.64 1.54
Jul 2020 1394.5299919477375 -0.52 1.17
Aug 2020 1386.5763609120818 -0.57 0.33
Sep 2020 1383.4581952092115 -0.22 -0.45
Oct 2020 1385.3437377862188 0.14 -1.08
Nov 2020 1383.635551761578 -0.12 -1.39
Dec 2020 1385.006881304852 0.10 -1.19
Jan 2021 1378.1518583135646 -0.49 -2.19
Feb 2021 1372.5197198220885 -0.41 -3.20
Mar 2021 1366.0664977535996 -0.47 -4.13
Apr 2021 1368.82937381133 0.20 -3.54
May 2021 1376.7253542373267 0.58 -2.42
Jun 2021 1390.167968353384 0.98 -0.83
Jul 2021 1393.5251430721098 0.24 -0.07
Aug 2021 1399.8993774224123 0.46 0.96
Sep 2021 1405.1065655844661 0.37 1.57
Oct 2021 1413.901412754888 0.63 2.06
Nov 2021 1421.1202485387125 0.51 2.71
Dec 2021 1430.4122579533976 0.65 3.28
Jan 2022 1452.0817399152102 1.52 5.36
Feb 2022 1465.9431993477156 0.96 6.81
Mar 2022 1483.993370140942 1.23 8.63
Apr 2022 1498.8237367769389 1.00 9.50
May 2022 1512.8630237620082 0.94 9.89
Jun 2022 1521.2345662992216 0.55 9.43
Jul 2022 1538.0445494761293 1.11 10.37
Aug 2022 1551.9306843389247 0.90 10.86
Sep 2022 1565.311508738656 0.86 11.40
Oct 2022 1570.866021201346 0.36 11.10
Nov 2022 1587.1939412789814 1.04 11.69
Dec 2022 1600.9660322621114 0.87 11.92
Jan 2023 1602.8138421877109 0.12 10.38
Feb 2023 1609.7544708137557 0.43 9.81
Mar 2023 1607.0186814416506 -0.17 8.29
Apr 2023 1616.5658414720542 0.59 7.86
May 2023 1628.1721664945535 0.72 7.62
Jun 2023 1642.4191931212833 0.88 7.97
Jul 2023 1653.7488713025928 0.69 7.52
Aug 2023 1664.105343968396 0.63 7.23
Sep 2023 1666.7276870963524 0.16 6.48
Oct 2023 1679.7424404008184 0.78 6.93
Nov 2023 1674.9754053447755 -0.28 5.53
Dec 2023 1694.6345732882571 1.17 5.85
Jan 2024 1697.2773490011948 0.16 5.89
Feb 2024 1710.5322700095933 0.78 6.26
Mar 2024 1716.1889743999209 0.33 6.79
Apr 2024 1716.4524807407854 0.02 6.18
May 2024 1719.2297483781688 0.16 5.59
Jun 2024 1721.9246116929671 0.16 4.84
Jul 2024 1736.6212856135248 0.85 5.01
Aug 2024 1745.7186335614801 0.52 4.90
Sep 2024 1754.06513601293 0.48 5.24
Oct 2024 1761.8236142737594 0.44 4.89
Nov 2024 1772.035485870718 0.58 5.80
Dec 2024 1780.0361067117285 0.45 5.04
Jan 2025 1783.9519871907376 0.22 5.11
Feb 2025 1789.8640366325403 0.33 4.64
Mar 2025 1804.806867204369 0.84 5.16
Apr 2025 1817.9363803573435 0.73 5.91
May 2025 1828.080154885297 0.56 6.33
Jun 2025 1838.0785142681812 0.55 6.75
Jul 2025 1838.4943965003802 0.02 5.87
Aug 2025 1844.5142183335943 0.33 5.66
Sep 2025 1855.3516030676296 0.59 5.77
Oct 2025 1863.0599992723535 0.42 5.75
Nov 2025 1875.7151408427471 0.68 5.85
Dec 2025 1878.1483850905 0.13 5.51
Jan 2026 1894.7529419709101 0.88 6.21
Feb 2026 1903.432079414838 0.46 6.35