Monthly Rent Report
ZIP 60040 Rent Report — August 2024
Asking rents in ZIP 60040, Chicago, from 10 listings.
Median 1BR rent in ZIP 60040 was $1,845 in August 2024, up 2.8% (+$50) from July 2024 and up 11.1% year-over-year. The middle half of 1BR listings asked between $1,830 and $1,860. That puts ZIP 60040 $307 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 10 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,845 | +$50 (+2.8%) | +$185 (+11.1%) | $1,830 – $1,860 | 2 |
| 2BR | $2,075 | +$95 (+4.8%) | +$360 (+21.0%) | $2,058 – $2,078 | 7 |
| 3BR | $2,660 | +$260 (+10.8%) | +$465 (+21.2%) | $2,660 – $2,660 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 60040 vs. Chicago — August 2024
| Bedrooms | ZIP 60040 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,845 | $1,538 | +$307 (+20.0%) |
| 2BR | $2,075 | $1,823 | +$253 (+13.9%) |
| 3BR | $2,660 | $2,300 | +$360 (+15.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.