Monthly Rent Report
ZIP 60040 Rent Report — April 2024
Asking rents in ZIP 60040, Chicago, from 15 listings.
Median 1BR rent in ZIP 60040 was $1,750 in April 2024, up 5.3% (+$88) from March 2024 and up 3.2% year-over-year. The middle half of 1BR listings asked between $1,693 and $1,795. That puts ZIP 60040 $250 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 15 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,750 | +$88 (+5.3%) | +$55 (+3.2%) | $1,693 – $1,795 | 7 |
| 2BR | $2,040 | −$32 (-1.6%) | +$43 (+2.1%) | $2,005 – $2,085 | 5 |
| 3BR | $2,580 | −$37 (-1.4%) | +$183 (+7.6%) | $2,558 – $2,583 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — April 2024
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,750 | $1,500 | +$250 (+16.7%) |
| 2BR | $2,040 | $1,850 | +$190 (+10.3%) |
| 3BR | $2,580 | $2,300 | +$280 (+12.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.