Monthly Rent Report
ZIP 60040 Rent Report — January 2023
Asking rents in ZIP 60040, Chicago, from 6 listings.
Median 1BR rent in ZIP 60040 was $1,503 in January 2023, down 1.0% (−$15) from December 2022 and down 3.1% year-over-year. The middle half of 1BR listings asked between $1,421 and $1,584. That puts ZIP 60040 $153 above the Chicago citywide 1BR median of $1,350. The month's figures are based on 6 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,503 | −$15 (-1.0%) | −$48 (-3.1%) | $1,421 – $1,584 | 2 |
| 2BR | $1,940 | −$25 (-1.3%) | +$354 (+22.3%) | $1,933 – $2,028 | 3 |
| 3BR | $1,900 | −$275 (-12.6%) | −$161 (-7.8%) | $1,900 – $1,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — January 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,503 | $1,350 | +$153 (+11.3%) |
| 2BR | $1,940 | $1,698 | +$243 (+14.3%) |
| 3BR | $1,900 | $2,123 | −$222 (-10.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.