Last updated
Average Rent in Morton Grove 60053 & Rent Trends
Rent prices and market trends across 1 apartment community in Morton Grove 60053, Morton Grove, IL. Updated daily.
Market Average
$1,854/mo
Lowest Available
$1,832/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
8
available now
Price Cuts This Week in Morton Grove 60053
27 listed units across 1 building offering studio units in Morton Grove 60053 dropped their asking rent in the past 7 days, an average cut of $65/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Residences at Sawmill Station | Unit 306, B1-1x1 | $3,044 | $2,837 | $207 |
| The Residences at Sawmill Station | Unit 132, B1-1x1 | $3,036 | $2,830 | $206 |
| The Residences at Sawmill Station | Unit 329, B3-1x1 | $3,061 | $2,855 | $206 |
| The Residences at Sawmill Station | Unit 114, B2-1x1 | $2,999 | $2,798 | $201 |
| The Residences at Sawmill Station | Unit 613, S1-Studio | $1,912 | $1,847 | $65 |
| The Residences at Sawmill Station | Unit 339, A2-1x1 | $2,277 | $2,217 | $60 |
| The Residences at Sawmill Station | Unit 502, A1-1x1 | $2,307 | $2,248 | $59 |
| The Residences at Sawmill Station | Unit 641, A1-1x1 | $2,295 | $2,236 | $59 |
Morton Grove 60053 vs Morton Grove, IL Average
Morton Grove 60053 is cheaper than the Morton Grove, IL average by $531/mo (22%). The citywide average is $2,385/mo across all neighborhoods.
Is Rent Going Up or Down in Morton Grove 60053?
As of August 2026, the average rent in Morton Grove 60053 is $1,854 per month across 1 apartment community and 8 available units.
The most affordable option is The Residences at Sawmill Station starting at $1,832/mo. By unit type, a studio averages $1,854/mo.
Prices range from $1,832 to $1,879 per month. The most common price point is the $1,800 range, where 8 units are currently listed.
Rent by Bedroom Type in Morton Grove 60053
Rent Prices by Apartment in Morton Grove 60053
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Residences at Sawmill Station | $1,832/mo | $1,854/mo | 8 | 4.3 |
Frequently Asked Questions About Rent in Morton Grove 60053
What is the average rent in Morton Grove 60053?
Is rent going up or down in Morton Grove 60053?
What is the cheapest apartment in Morton Grove 60053?
How many apartments are available in Morton Grove 60053?
What salary do I need to live comfortably in Morton Grove 60053?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$74,000/year
Based on the 30 percent rule, using our tracked average rent of $1,854/mo.
Comfortable income
$89,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,832/mo), you need to earn at least $73,000/year.
Cost of living in Morton Grove 60053
We only have live rent data for Morton Grove 60053 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,854 |
| Estimated total | $1,854/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Google Search Trends for Morton Grove 60053 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Morton Grove 60053 Apartments
Browse all 1 communities with daily-updated pricing and availability.