Monthly Rent Report
ZIP 60040 Rent Report — March 2024
Asking rents in ZIP 60040, Chicago, from 16 listings.
Median 1BR rent in ZIP 60040 was $1,663 in March 2024, down 3.3% (−$57) from February 2024 and up 3.9% year-over-year. The middle half of 1BR listings asked between $1,594 and $1,786. That puts ZIP 60040 $158 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 16 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,663 | −$57 (-3.3%) | +$63 (+3.9%) | $1,594 – $1,786 | 4 |
| 2BR | $2,073 | +$18 (+0.9%) | +$13 (+0.6%) | $2,015 – $2,120 | 8 |
| 3BR | $2,618 | −$332 (-11.3%) | +$338 (+14.8%) | $2,509 – $2,714 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — March 2024
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,663 | $1,505 | +$158 (+10.5%) |
| 2BR | $2,073 | $1,900 | +$173 (+9.1%) |
| 3BR | $2,618 | $2,250 | +$368 (+16.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.