Monthly Rent Report
ZIP 60031 Rent Report — March 2023
Asking rents in ZIP 60031, Chicago, from 12 listings.
Median 1BR rent in ZIP 60031 was $1,286 in March 2023, down 2.1% (−$27) from February 2023 and down 0.5% year-over-year. The middle half of 1BR listings asked between $1,282 and $1,289. That puts ZIP 60031 $111 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 12 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,286 | −$27 (-2.1%) | −$6 (-0.5%) | $1,282 – $1,289 | 2 |
| 2BR | $1,627 | +$42 (+2.6%) | +$532 (+48.6%) | $1,538 – $1,654 | 6 |
| 3BR | $1,950 | −$950 (-32.8%) | −$150 (-7.1%) | $1,950 – $1,950 | 1 |
| 4BR | $2,735 | −$660 (-19.4%) | — | $2,735 – $2,755 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
ZIP 60031 vs. Chicago — March 2023
| Bedrooms | ZIP 60031 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,286 | $1,396 | −$111 (-7.9%) |
| 2BR | $1,627 | $1,698 | −$70 (-4.2%) |
| 3BR | $1,950 | $2,200 | −$250 (-11.4%) |
| 4BR | $2,735 | $2,444 | +$291 (+11.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.