Monthly Rent Report
ZIP 60402 Rent Report — July 2022
Asking rents in ZIP 60402, Chicago, from 171 listings.
Median 1BR rent in ZIP 60402 was $950 in July 2022, down 2.6% (−$25) from June 2022 and down 4.5% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts ZIP 60402 $275 below the Chicago citywide 1BR median of $1,225. The month's figures are based on 171 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $898 | +$148 (+19.7%) | +$103 (+12.9%) | $878 – $925 | 4 |
| Studio | $905 | +$155 (+20.7%) | +$110 (+13.8%) | $880 – $930 | 3 |
| 1BR | $950 | −$25 (-2.6%) | −$45 (-4.5%) | $950 – $950 | 1 |
| 1BR | $995 | +$20 (+2.1%) | $0 (0.0%) | $995 – $995 | 1 |
| 2BR | $1,350 | −$300 (-18.2%) | −$540 (-28.6%) | $1,200 – $1,650 | 29 |
| 2BR | $1,250 | −$400 (-24.2%) | −$640 (-33.9%) | $1,250 – $1,250 | 1 |
| 3BR | $2,100 | +$200 (+10.5%) | +$720 (+52.2%) | $2,100 – $2,100 | 1 |
| 3BR | $2,100 | +$200 (+10.5%) | +$720 (+52.2%) | $1,948 – $2,200 | 54 |
| 4BR | $2,165 | +$465 (+27.4%) | −$590 (-21.4%) | $2,140 – $2,165 | 13 |
| 4BR | $2,165 | +$465 (+27.4%) | −$590 (-21.4%) | $2,140 – $2,882 | 48 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — July 2022
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $898 | $1,104 | −$206 (-18.7%) |
| Studio | $905 | $1,104 | −$199 (-18.0%) |
| 1BR | $950 | $1,225 | −$275 (-22.4%) |
| 1BR | $995 | $1,225 | −$230 (-18.8%) |
| 2BR | $1,350 | $1,695 | −$345 (-20.4%) |
| 2BR | $1,250 | $1,695 | −$445 (-26.3%) |
| 3BR | $2,100 | $2,200 | −$100 (-4.5%) |
| 3BR | $2,100 | $2,200 | −$100 (-4.5%) |
| 4BR | $2,165 | $2,500 | −$335 (-13.4%) |
| 4BR | $2,165 | $2,500 | −$335 (-13.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.