Monthly Rent Report
ZIP 60040 Rent Report — August 2022
Asking rents in ZIP 60040, Chicago, from 10 listings.
Median 1BR rent in ZIP 60040 was $1,570 in August 2022, down 2.2% (−$35) from July 2022 and up 7.8% year-over-year. The middle half of 1BR listings asked between $1,510 and $1,575. That puts ZIP 60040 $275 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 10 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,570 | −$35 (-2.2%) | +$114 (+7.8%) | $1,510 – $1,575 | 5 |
| 2BR | $1,745 | −$360 (-17.1%) | +$149 (+9.3%) | $1,680 – $1,748 | 3 |
| 3BR | $3,600 | +$100 (+2.9%) | +$100 (+2.9%) | $3,600 – $3,600 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — August 2022
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,570 | $1,295 | +$275 (+21.2%) |
| 2BR | $1,745 | $1,795 | −$50 (-2.8%) |
| 3BR | $3,600 | $2,250 | +$1,350 (+60.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.