Monthly Rent Report
ZIP 60040 Rent Report — July 2022
Asking rents in ZIP 60040, Chicago, from 8 listings.
Median 1BR rent in ZIP 60040 was $1,605 in July 2022, down 3.2% (−$52) from June 2022 and up 15.0% year-over-year. The middle half of 1BR listings asked between $1,575 and $1,605. That puts ZIP 60040 $380 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 8 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,605 | −$52 (-3.2%) | +$209 (+15.0%) | $1,575 – $1,605 | 5 |
| 2BR | $2,105 | −$35 (-1.6%) | +$352 (+20.1%) | $2,105 – $2,105 | 1 |
| 3BR | $3,500 | −$100 (-2.8%) | +$1,310 (+59.8%) | $3,500 – $3,500 | 1 |
| 4BR | $3,900 | — | — | $3,900 – $3,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — July 2022
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,605 | $1,225 | +$380 (+31.0%) |
| 2BR | $2,105 | $1,695 | +$410 (+24.2%) |
| 3BR | $3,500 | $2,200 | +$1,300 (+59.1%) |
| 4BR | $3,900 | $2,500 | +$1,400 (+56.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.