Monthly Rent Report
ZIP 46408 Rent Report — May 2023
Asking rents in ZIP 46408, Chicago, from 5 listings.
Median 1BR rent in ZIP 46408 was $950 in May 2023, up 18.8% (+$150) from April 2023. The middle half of 1BR listings asked between $950 and $950. That puts ZIP 46408 $450 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 5 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | — | — | $2,500 – $2,500 | 1 |
| 1BR | $950 | +$150 (+18.8%) | — | $950 – $950 | 1 |
| 2BR | $1,095 | −$105 (-8.8%) | +$333 (+43.6%) | $1,095 – $1,095 | 1 |
| 3BR | $1,495 | +$545 (+57.4%) | +$695 (+86.9%) | $1,495 – $1,495 | 1 |
| 4BR | $1,050 | — | −$100 (-8.7%) | $1,050 – $1,050 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 46408 vs. Chicago — May 2023
| Bedrooms | ZIP 46408 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $1,200 | +$1,300 (+108.3%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 2BR | $1,095 | $1,698 | −$602 (-35.5%) |
| 3BR | $1,495 | $2,300 | −$805 (-35.0%) |
| 4BR | $1,050 | $2,548 | −$1,497 (-58.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.