Monthly Rent Report
ZIP 60040 Rent Report — May 2023
Asking rents in ZIP 60040, Chicago, from 5 listings.
Median 1BR rent in ZIP 60040 was $1,853 in May 2023, up 9.3% (+$158) from April 2023 and up 15.4% year-over-year. The middle half of 1BR listings asked between $1,824 and $1,881. That puts ZIP 60040 $453 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 5 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,853 | +$158 (+9.3%) | +$248 (+15.4%) | $1,824 – $1,881 | 2 |
| 2BR | $1,998 | $0 (0.0%) | −$142 (-6.7%) | $1,996 – $1,999 | 2 |
| 3BR | $2,460 | +$63 (+2.6%) | −$1,140 (-31.7%) | $2,460 – $2,460 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — May 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,853 | $1,400 | +$453 (+32.3%) |
| 2BR | $1,998 | $1,698 | +$300 (+17.7%) |
| 3BR | $2,460 | $2,300 | +$160 (+7.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.