Monthly Rent Report
ZIP 60040 Rent Report — June 2023
Asking rents in ZIP 60040, Chicago, from 9 listings.
Median 1BR rent in ZIP 60040 was $1,705 in June 2023, down 8.0% (−$147) from May 2023 and up 2.9% year-over-year. The middle half of 1BR listings asked between $1,678 and $1,728. That puts ZIP 60040 $305 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 9 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,705 | −$147 (-8.0%) | +$48 (+2.9%) | $1,678 – $1,728 | 3 |
| 2BR | $1,958 | −$40 (-2.0%) | −$182 (-8.5%) | $1,908 – $1,999 | 4 |
| 3BR | $2,745 | +$285 (+11.6%) | −$855 (-23.8%) | $2,743 – $2,748 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — June 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,705 | $1,400 | +$305 (+21.8%) |
| 2BR | $1,958 | $1,700 | +$258 (+15.1%) |
| 3BR | $2,745 | $2,275 | +$470 (+20.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.