Monthly Rent Report
ZIP 60402 Rent Report — January 2023
Asking rents in ZIP 60402, Chicago, from 286 listings.
Median 1BR rent in ZIP 60402 was $1,050 in January 2023, down 7.5% (−$85) from December 2022 and up 22.8% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,100. That puts ZIP 60402 $300 below the Chicago citywide 1BR median of $1,350. The month's figures are based on 286 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | −$20 (-2.0%) | +$280 (+40.3%) | $975 – $975 | 1 |
| Studio | $975 | −$20 (-2.0%) | +$280 (+40.3%) | $975 – $985 | 3 |
| 1BR | $1,050 | −$85 (-7.5%) | +$195 (+22.8%) | $1,050 – $1,100 | 33 |
| 1BR | $1,103 | −$32 (-2.9%) | +$248 (+28.9%) | $1,076 – $1,129 | 2 |
| 2BR | $1,450 | +$150 (+11.5%) | +$200 (+16.0%) | $1,350 – $1,813 | 52 |
| 2BR | $995 | −$305 (-23.5%) | −$255 (-20.4%) | $995 – $995 | 1 |
| 3BR | $1,950 | −$12 (-0.6%) | −$200 (-9.3%) | $1,738 – $2,200 | 107 |
| 3BR | $1,800 | −$162 (-8.3%) | −$350 (-16.3%) | $1,800 – $1,800 | 1 |
| 4BR | $2,165 | $0 (0.0%) | +$20 (+0.9%) | $2,165 – $2,165 | 36 |
| 4BR | $2,165 | $0 (0.0%) | +$20 (+0.9%) | $2,165 – $2,165 | 36 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — January 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,061 | −$86 (-8.1%) |
| Studio | $975 | $1,061 | −$86 (-8.1%) |
| 1BR | $1,050 | $1,350 | −$300 (-22.2%) |
| 1BR | $1,103 | $1,350 | −$247 (-18.3%) |
| 2BR | $1,450 | $1,698 | −$247 (-14.6%) |
| 2BR | $995 | $1,698 | −$702 (-41.4%) |
| 3BR | $1,950 | $2,123 | −$172 (-8.1%) |
| 3BR | $1,800 | $2,123 | −$322 (-15.2%) |
| 4BR | $2,165 | $2,417 | −$251 (-10.4%) |
| 4BR | $2,165 | $2,417 | −$251 (-10.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.