Monthly Rent Report
ZIP 60040 Rent Report — April 2023
Asking rents in ZIP 60040, Chicago, from 9 listings.
Median 1BR rent in ZIP 60040 was $1,695 in April 2023, up 5.9% (+$95) from March 2023 and down 9.1% year-over-year. The middle half of 1BR listings asked between $1,620 and $1,718. That puts ZIP 60040 $270 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 9 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,695 | +$95 (+5.9%) | −$170 (-9.1%) | $1,620 – $1,718 | 3 |
| 2BR | $1,998 | −$62 (-3.0%) | +$293 (+17.2%) | $1,938 – $2,041 | 4 |
| 3BR | $2,398 | +$118 (+5.2%) | −$32 (-1.3%) | $2,336 – $2,459 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — April 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,695 | $1,425 | +$270 (+18.9%) |
| 2BR | $1,998 | $1,725 | +$273 (+15.8%) |
| 3BR | $2,398 | $2,300 | +$98 (+4.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.