Monthly Rent Report
ZIP 46407 Rent Report — May 2024
Asking rents in ZIP 46407, Chicago, from 4 listings.
Median 1BR rent in ZIP 46407 was $675 in May 2024 and down 38.6% year-over-year. The middle half of 1BR listings asked between $675 and $675. That puts ZIP 46407 $828 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 4 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $675 | — | −$425 (-38.6%) | $675 – $675 | 1 |
| 2BR | $950 | $0 (0.0%) | +$50 (+5.6%) | $950 – $950 | 1 |
| 3BR | $975 | −$225 (-18.8%) | −$425 (-30.4%) | $975 – $975 | 1 |
| 4BR | $1,200 | — | −$400 (-25.0%) | $1,200 – $1,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 46407 vs. Chicago — May 2024
| Bedrooms | ZIP 46407 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $675 | $1,503 | −$827 (-55.1%) |
| 2BR | $950 | $1,825 | −$875 (-47.9%) |
| 3BR | $975 | $2,236 | −$1,261 (-56.4%) |
| 4BR | $1,200 | $2,725 | −$1,525 (-56.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.