Monthly Rent Report
ZIP 60048 Rent Report — July 2024
Asking rents in ZIP 60048, Chicago, from 4 listings.
Median 1BR rent in ZIP 60048 was $1,363 in July 2024, down 46.3% (−$1,172) from June 2024 and down 14.8% year-over-year. The middle half of 1BR listings asked between $1,319 and $1,406. That puts ZIP 60048 $198 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,845 | — | +$448 (+32.0%) | $1,845 – $1,845 | 1 |
| 1BR | $1,363 | −$1,172 (-46.3%) | −$237 (-14.8%) | $1,319 – $1,406 | 2 |
| 2BR | $2,000 | −$700 (-25.9%) | — | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
ZIP 60048 vs. Chicago — July 2024
| Bedrooms | ZIP 60048 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,845 | $1,218 | +$627 (+51.4%) |
| 1BR | $1,363 | $1,560 | −$197 (-12.7%) |
| 2BR | $2,000 | $1,805 | +$195 (+10.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.