Monthly Rent Report
ZIP 60040 Rent Report — March 2022
Asking rents in ZIP 60040, Chicago, from 11 listings.
Median 1BR rent in ZIP 60040 was $1,700 in March 2022, down 8.6% (−$160) from February 2022 and up 13.0% year-over-year. The middle half of 1BR listings asked between $1,680 and $1,738. That puts ZIP 60040 $470 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 11 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,700 | −$160 (-8.6%) | +$195 (+13.0%) | $1,680 – $1,738 | 3 |
| 2BR | $1,816 | +$105 (+6.1%) | +$238 (+15.1%) | $1,695 – $1,901 | 5 |
| 3BR | $3,500 | +$1,474 (+72.8%) | +$1,445 (+70.3%) | $3,500 – $3,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — March 2022
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,700 | $1,230 | +$470 (+38.2%) |
| 2BR | $1,816 | $1,473 | +$343 (+23.3%) |
| 3BR | $3,500 | $1,950 | +$1,550 (+79.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.