Monthly Rent Report
ZIP 46408 Rent Report — May 2024
Asking rents in ZIP 46408, Chicago, from 3 listings.
Median 1BR rent in ZIP 46408 was $850 in May 2024 and down 10.5% year-over-year. The middle half of 1BR listings asked between $850 and $850. That puts ZIP 46408 $653 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 3 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $850 | — | −$100 (-10.5%) | $850 – $850 | 1 |
| 2BR | $975 | −$25 (-2.5%) | −$120 (-11.0%) | $975 – $975 | 1 |
| 3BR | $1,550 | +$125 (+8.8%) | +$55 (+3.7%) | $1,550 – $1,550 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 46408 vs. Chicago — May 2024
| Bedrooms | ZIP 46408 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $850 | $1,503 | −$652 (-43.4%) |
| 2BR | $975 | $1,825 | −$850 (-46.6%) |
| 3BR | $1,550 | $2,236 | −$686 (-30.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.