Monthly Rent Report
ZIP 46407 Rent Report — May 2023
Asking rents in ZIP 46407, Chicago, from 4 listings.
Median 1BR rent in ZIP 46407 was $1,100 in May 2023 and up 33.3% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts ZIP 46407 $300 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 4 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,100 | — | +$275 (+33.3%) | $1,100 – $1,100 | 1 |
| 2BR | $900 | −$100 (-10.0%) | −$40 (-4.3%) | $900 – $900 | 1 |
| 3BR | $1,400 | −$200 (-12.5%) | +$458 (+48.5%) | $1,400 – $1,400 | 1 |
| 4BR | $1,600 | — | +$500 (+45.5%) | $1,600 – $1,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 46407 vs. Chicago — May 2023
| Bedrooms | ZIP 46407 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 2BR | $900 | $1,698 | −$797 (-47.0%) |
| 3BR | $1,400 | $2,300 | −$900 (-39.1%) |
| 4BR | $1,600 | $2,548 | −$947 (-37.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.