Monthly Rent Report
ZIP 60040 Rent Report — August 2023
Asking rents in ZIP 60040, Chicago, from 12 listings.
Median 1BR rent in ZIP 60040 was $1,660 in August 2023, up 2.8% (+$45) from July 2023 and up 5.7% year-over-year. The middle half of 1BR listings asked between $1,628 and $1,678. That puts ZIP 60040 $140 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 12 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,660 | +$45 (+2.8%) | +$90 (+5.7%) | $1,628 – $1,678 | 3 |
| 2BR | $1,715 | −$250 (-12.7%) | −$30 (-1.7%) | $1,679 – $1,800 | 8 |
| 3BR | $2,195 | −$1,205 (-35.4%) | −$1,405 (-39.0%) | $2,195 – $2,195 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — August 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,660 | $1,520 | +$140 (+9.2%) |
| 2BR | $1,715 | $1,808 | −$92 (-5.1%) |
| 3BR | $2,195 | $2,395 | −$200 (-8.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.