Monthly Rent Report
ZIP 60040 Rent Report — May 2021
Asking rents in ZIP 60040, Chicago, from 21 listings.
Median 1BR rent in ZIP 60040 was $1,530 in May 2021, up 3.7% (+$55) from April 2021. The middle half of 1BR listings asked between $1,508 and $1,553. That puts ZIP 60040 $283 above the Chicago citywide 1BR median of $1,248. The month's figures are based on 21 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,530 | +$55 (+3.7%) | — | $1,508 – $1,553 | 2 |
| 2BR | $1,828 | +$178 (+10.8%) | — | $1,756 – $1,915 | 12 |
| 3BR | $2,205 | +$180 (+8.9%) | — | $2,149 – $2,273 | 6 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — May 2021
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,530 | $1,248 | +$283 (+22.6%) |
| 2BR | $1,828 | $1,521 | +$306 (+20.1%) |
| 3BR | $2,205 | $1,950 | +$255 (+13.1%) |
| 4BR | $3,500 | $2,245 | +$1,255 (+55.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2021.