Monthly Rent Report
ZIP 60402 Rent Report — August 2022
Asking rents in ZIP 60402, Chicago, from 228 listings.
Median 1BR rent in ZIP 60402 was $995 in August 2022, up 4.7% (+$45) from July 2022 and up 7.3% year-over-year. The middle half of 1BR listings asked between $995 and $995. That puts ZIP 60402 $300 below the Chicago citywide 1BR median of $1,295. The month's figures are based on 228 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,100 | +$195 (+21.5%) | +$305 (+38.4%) | $925 – $1,100 | 3 |
| Studio | $750 | −$155 (-17.1%) | −$45 (-5.7%) | $750 – $750 | 1 |
| 1BR | $995 | +$45 (+4.7%) | +$68 (+7.3%) | $995 – $995 | 1 |
| 1BR | $1,123 | +$173 (+18.2%) | +$195 (+21.0%) | $1,070 – $1,300 | 20 |
| 2BR | $1,963 | +$713 (+57.0%) | +$563 (+40.2%) | $1,200 – $2,200 | 42 |
| 2BR | $1,250 | $0 (0.0%) | −$150 (-10.7%) | $1,250 – $1,250 | 1 |
| 3BR | $2,150 | +$50 (+2.4%) | +$650 (+43.3%) | $2,065 – $2,200 | 110 |
| 3BR | $1,600 | −$500 (-23.8%) | +$100 (+6.7%) | $1,600 – $1,600 | 1 |
| 4BR | $2,153 | −$12 (-0.6%) | −$261 (-10.8%) | $2,140 – $2,344 | 12 |
| 4BR | $2,165 | $0 (0.0%) | −$249 (-10.3%) | $2,140 – $2,882 | 28 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — August 2022
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,100 | $1,095 | +$5 (+0.5%) |
| Studio | $750 | $1,095 | −$345 (-31.5%) |
| 1BR | $995 | $1,295 | −$300 (-23.2%) |
| 1BR | $1,123 | $1,295 | −$172 (-13.3%) |
| 2BR | $1,963 | $1,795 | +$168 (+9.3%) |
| 2BR | $1,250 | $1,795 | −$545 (-30.4%) |
| 3BR | $2,150 | $2,250 | −$100 (-4.4%) |
| 3BR | $1,600 | $2,250 | −$650 (-28.9%) |
| 4BR | $2,153 | $2,455 | −$302 (-12.3%) |
| 4BR | $2,165 | $2,455 | −$290 (-11.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.