Monthly Rent Report
ZIP 60040 Rent Report — February 2024
Asking rents in ZIP 60040, Chicago, from 10 listings.
Median 1BR rent in ZIP 60040 was $1,720 in February 2024, up 2.7% (+$45) from January 2024 and down 2.0% year-over-year. The middle half of 1BR listings asked between $1,655 and $1,800. That puts ZIP 60040 $220 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 10 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,720 | +$45 (+2.7%) | −$35 (-2.0%) | $1,655 – $1,800 | 4 |
| 2BR | $2,055 | — | +$65 (+3.3%) | $2,030 – $2,130 | 5 |
| 3BR | $2,950 | +$405 (+15.9%) | +$625 (+26.9%) | $2,950 – $2,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — February 2024
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,720 | $1,500 | +$220 (+14.7%) |
| 2BR | $2,055 | $1,813 | +$243 (+13.4%) |
| 3BR | $2,950 | $2,300 | +$650 (+28.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.