Monthly Rent Report
ZIP 60040 Rent Report — July 2023
Asking rents in ZIP 60040, Chicago, from 9 listings.
Median 1BR rent in ZIP 60040 was $1,615 in July 2023, down 5.3% (−$90) from June 2023 and up 0.6% year-over-year. The middle half of 1BR listings asked between $1,615 and $1,615. That puts ZIP 60040 $165 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 9 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,615 | −$90 (-5.3%) | +$10 (+0.6%) | $1,615 – $1,615 | 1 |
| 2BR | $1,965 | +$8 (+0.4%) | −$140 (-6.7%) | $1,938 – $2,095 | 7 |
| 3BR | $3,400 | +$655 (+23.9%) | −$100 (-2.9%) | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — July 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,615 | $1,450 | +$165 (+11.4%) |
| 2BR | $1,965 | $1,795 | +$170 (+9.5%) |
| 3BR | $3,400 | $2,273 | +$1,128 (+49.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.