Monthly Rent Report
ZIP 60031 Rent Report — August 2023
Asking rents in ZIP 60031, Chicago, from 5 listings.
Median 1BR rent in ZIP 60031 was $950 in August 2023, down 13.6% (−$150) from July 2023 and down 9.5% year-over-year. The middle half of 1BR listings asked between $950 and $1,025. That puts ZIP 60031 $570 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 5 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $950 | −$150 (-13.6%) | −$100 (-9.5%) | $950 – $1,025 | 3 |
| 2BR | $2,000 | — | +$530 (+36.1%) | $2,000 – $2,000 | 1 |
| 4BR | $3,455 | — | — | $3,455 – $3,455 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60031 vs. Chicago — August 2023
| Bedrooms | ZIP 60031 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $950 | $1,520 | −$570 (-37.5%) |
| 2BR | $2,000 | $1,808 | +$193 (+10.7%) |
| 4BR | $3,455 | $2,692 | +$763 (+28.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.