Monthly Rent Report
ZIP 60040 Rent Report — March 2023
Asking rents in ZIP 60040, Chicago, from 9 listings.
Median 1BR rent in ZIP 60040 was $1,600 in March 2023, down 8.8% (−$155) from February 2023 and down 5.9% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts ZIP 60040 $204 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 9 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,600 | −$155 (-8.8%) | −$100 (-5.9%) | $1,600 – $1,600 | 1 |
| 2BR | $2,060 | +$70 (+3.5%) | +$244 (+13.4%) | $1,993 – $2,113 | 7 |
| 3BR | $2,280 | −$45 (-1.9%) | −$1,220 (-34.9%) | $2,280 – $2,280 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — March 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,600 | $1,396 | +$204 (+14.6%) |
| 2BR | $2,060 | $1,698 | +$363 (+21.4%) |
| 3BR | $2,280 | $2,200 | +$80 (+3.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.