Monthly Rent Report
ZIP 60040 Rent Report — May 2024
Asking rents in ZIP 60040, Chicago, from 19 listings.
Median 1BR rent in ZIP 60040 was $1,655 in May 2024, down 5.4% (−$95) from April 2024 and down 10.7% year-over-year. The middle half of 1BR listings asked between $1,625 and $1,665. That puts ZIP 60040 $153 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 19 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,655 | −$95 (-5.4%) | −$197 (-10.7%) | $1,625 – $1,665 | 5 |
| 2BR | $2,050 | +$10 (+0.5%) | +$53 (+2.6%) | $1,978 – $2,075 | 11 |
| 3BR | $2,750 | +$170 (+6.6%) | +$290 (+11.8%) | $2,598 – $2,778 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — May 2024
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,655 | $1,503 | +$153 (+10.1%) |
| 2BR | $2,050 | $1,825 | +$225 (+12.3%) |
| 3BR | $2,750 | $2,236 | +$514 (+23.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.