Monthly Rent Report
ZIP 60402 Rent Report — May 2022
Asking rents in ZIP 60402, Chicago, from 61 listings.
Median 1BR rent in ZIP 60402 was $928 in May 2022, down 4.9% (−$47) from April 2022 and down 4.9% year-over-year. The middle half of 1BR listings asked between $904 and $951. That puts ZIP 60402 $370 below the Chicago citywide 1BR median of $1,298. The month's figures are based on 61 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $853 | −$2 (-0.3%) | −$42 (-4.7%) | $825 – $900 | 18 |
| 1BR | $928 | −$47 (-4.9%) | −$47 (-4.9%) | $904 – $951 | 2 |
| 2BR | $1,395 | +$200 (+16.7%) | −$17 (-1.2%) | $1,395 – $1,395 | 1 |
| 3BR | $2,004 | −$86 (-4.1%) | +$409 (+25.6%) | $2,004 – $2,004 | 1 |
| 3BR | $2,090 | $0 (0.0%) | +$495 (+31.0%) | $2,090 – $2,090 | 1 |
| 4BR | $2,165 | −$41 (-1.9%) | +$122 (+6.0%) | $2,140 – $2,882 | 27 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — May 2022
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $853 | $1,050 | −$197 (-18.8%) |
| 1BR | $928 | $1,298 | −$370 (-28.5%) |
| 2BR | $1,395 | $1,599 | −$204 (-12.7%) |
| 3BR | $2,004 | $2,100 | −$96 (-4.6%) |
| 3BR | $2,090 | $2,100 | −$10 (-0.5%) |
| 4BR | $2,165 | $2,600 | −$435 (-16.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.