Monthly Rent Report
ZIP 60040 Rent Report — February 2023
Asking rents in ZIP 60040, Chicago, from 7 listings.
Median 1BR rent in ZIP 60040 was $1,755 in February 2023, up 16.8% (+$253) from January 2023 and down 5.6% year-over-year. The middle half of 1BR listings asked between $1,685 and $1,773. That puts ZIP 60040 $355 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 7 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,290 | — | — | $2,290 – $2,290 | 1 |
| 1BR | $1,755 | +$253 (+16.8%) | −$105 (-5.6%) | $1,685 – $1,773 | 3 |
| 2BR | $1,990 | +$50 (+2.6%) | +$279 (+16.3%) | $1,970 – $2,010 | 2 |
| 3BR | $2,325 | +$425 (+22.4%) | +$299 (+14.8%) | $2,325 – $2,325 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — February 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,290 | $1,149 | +$1,141 (+99.3%) |
| 1BR | $1,755 | $1,400 | +$355 (+25.4%) |
| 2BR | $1,990 | $1,695 | +$295 (+17.4%) |
| 3BR | $2,325 | $2,188 | +$138 (+6.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.