Monthly Rent Report
ZIP 60402 Rent Report — February 2023
Asking rents in ZIP 60402, Chicago, from 276 listings.
Median 1BR rent in ZIP 60402 was $910 in February 2023, down 17.5% (−$192) from January 2023 and down 9.0% year-over-year. The middle half of 1BR listings asked between $910 and $910. That puts ZIP 60402 $490 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 276 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$100 (-10.3%) | −$25 (-2.8%) | $875 – $948 | 7 |
| Studio | $875 | −$100 (-10.3%) | −$25 (-2.8%) | $875 – $875 | 3 |
| 1BR | $910 | −$192 (-17.5%) | −$90 (-9.0%) | $910 – $910 | 2 |
| 1BR | $1,050 | −$52 (-4.8%) | +$50 (+5.0%) | $995 – $1,125 | 22 |
| 2BR | $1,450 | $0 (0.0%) | +$100 (+7.4%) | $1,250 – $1,990 | 45 |
| 2BR | $1,513 | +$63 (+4.3%) | +$163 (+12.0%) | $1,369 – $1,656 | 2 |
| 3BR | $2,100 | +$300 (+16.7%) | −$50 (-2.3%) | $2,100 – $2,100 | 1 |
| 3BR | $2,065 | +$265 (+14.7%) | −$85 (-4.0%) | $1,931 – $2,200 | 133 |
| 4BR | $2,165 | $0 (0.0%) | +$25 (+1.2%) | $2,165 – $2,165 | 22 |
| 4BR | $2,165 | $0 (0.0%) | +$25 (+1.2%) | $2,165 – $2,165 | 34 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — February 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,149 | −$274 (-23.8%) |
| Studio | $875 | $1,149 | −$274 (-23.8%) |
| 1BR | $910 | $1,400 | −$490 (-35.0%) |
| 1BR | $1,050 | $1,400 | −$350 (-25.0%) |
| 2BR | $1,450 | $1,695 | −$245 (-14.5%) |
| 2BR | $1,513 | $1,695 | −$182 (-10.8%) |
| 3BR | $2,100 | $2,188 | −$87 (-4.0%) |
| 3BR | $2,065 | $2,188 | −$122 (-5.6%) |
| 4BR | $2,165 | $2,393 | −$227 (-9.5%) |
| 4BR | $2,165 | $2,393 | −$227 (-9.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.