Monthly Rent Report
ZIP 60402 Rent Report — March 2023
Asking rents in ZIP 60402, Chicago, from 281 listings.
Median 1BR rent in ZIP 60402 was $910 in March 2023, down 13.3% (−$140) from February 2023 and down 0.8% year-over-year. The middle half of 1BR listings asked between $910 and $910. That puts ZIP 60402 $486 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 281 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $895 | +$20 (+2.3%) | −$5 (-0.6%) | $895 – $895 | 1 |
| Studio | $850 | −$25 (-2.9%) | −$50 (-5.6%) | $850 – $995 | 13 |
| 1BR | $910 | −$140 (-13.3%) | −$7 (-0.8%) | $910 – $910 | 2 |
| 1BR | $1,050 | $0 (0.0%) | +$133 (+14.4%) | $1,000 – $1,050 | 61 |
| 2BR | $1,295 | −$155 (-10.7%) | +$145 (+12.6%) | $1,295 – $1,295 | 1 |
| 2BR | $1,395 | −$55 (-3.8%) | +$245 (+21.3%) | $1,250 – $1,898 | 43 |
| 3BR | $1,931 | −$169 (-8.0%) | −$264 (-12.0%) | $1,800 – $2,195 | 121 |
| 3BR | $2,000 | −$100 (-4.8%) | −$195 (-8.9%) | $2,000 – $2,000 | 1 |
| 4BR | $2,165 | $0 (0.0%) | −$635 (-22.7%) | $2,165 – $2,641 | 6 |
| 4BR | $2,165 | $0 (0.0%) | −$635 (-22.7%) | $2,165 – $2,165 | 32 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — March 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $895 | $1,204 | −$309 (-25.6%) |
| Studio | $850 | $1,204 | −$354 (-29.4%) |
| 1BR | $910 | $1,396 | −$486 (-34.8%) |
| 1BR | $1,050 | $1,396 | −$346 (-24.8%) |
| 2BR | $1,295 | $1,698 | −$402 (-23.7%) |
| 2BR | $1,395 | $1,698 | −$302 (-17.8%) |
| 3BR | $1,931 | $2,200 | −$269 (-12.2%) |
| 3BR | $2,000 | $2,200 | −$200 (-9.1%) |
| 4BR | $2,165 | $2,444 | −$279 (-11.4%) |
| 4BR | $2,165 | $2,444 | −$279 (-11.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.