Monthly Rent Report
ZIP 60040 Rent Report — October 2023
Asking rents in ZIP 60040, Chicago, from 11 listings.
Median 1BR rent in ZIP 60040 was $1,790 in October 2023, up 16.8% (+$258) from September 2023 and up 17.0% year-over-year. The middle half of 1BR listings asked between $1,758 and $1,865. That puts ZIP 60040 $315 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 11 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,790 | +$258 (+16.8%) | +$260 (+17.0%) | $1,758 – $1,865 | 3 |
| 2BR | $1,910 | +$193 (+11.2%) | +$20 (+1.1%) | $1,790 – $1,935 | 7 |
| 3BR | $3,400 | +$1,233 (+56.9%) | −$150 (-4.2%) | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — October 2023
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,790 | $1,475 | +$315 (+21.4%) |
| 2BR | $1,910 | $1,800 | +$110 (+6.1%) |
| 3BR | $3,400 | $2,450 | +$950 (+38.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.