Monthly Rent Report
ZIP 46407 Rent Report — December 2023
Asking rents in ZIP 46407, Chicago, from 4 listings.
Median 1BR rent in ZIP 46407 was $625 in December 2023, down 7.4% (−$50) from November 2023 and down 24.2% year-over-year. The middle half of 1BR listings asked between $625 and $625. That puts ZIP 46407 $830 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $625 | −$50 (-7.4%) | −$200 (-24.2%) | $625 – $625 | 1 |
| 2BR | $1,000 | +$275 (+37.9%) | +$25 (+2.6%) | $1,000 – $1,000 | 1 |
| 3BR | $1,375 | +$338 (+32.5%) | — | $1,338 – $1,413 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
ZIP 46407 vs. Chicago — December 2023
| Bedrooms | ZIP 46407 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $625 | $1,455 | −$830 (-57.0%) |
| 2BR | $1,000 | $1,800 | −$800 (-44.4%) |
| 3BR | $1,375 | $2,472 | −$1,097 (-44.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.