Monthly Rent Report
ZIP 60402 Rent Report — April 2023
Asking rents in ZIP 60402, Chicago, from 295 listings.
Median 1BR rent in ZIP 60402 was $1,095 in April 2023, up 20.3% (+$185) from March 2023 and up 12.3% year-over-year. The middle half of 1BR listings asked between $1,095 and $1,095. That puts ZIP 60402 $330 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 295 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | +$5 (+0.6%) | +$45 (+5.3%) | $900 – $995 | 21 |
| Studio | $900 | +$5 (+0.6%) | +$45 (+5.3%) | $900 – $955 | 23 |
| 1BR | $1,095 | +$185 (+20.3%) | +$120 (+12.3%) | $1,095 – $1,095 | 2 |
| 1BR | $1,100 | +$190 (+20.9%) | +$125 (+12.8%) | $1,050 – $1,200 | 40 |
| 2BR | $1,500 | +$205 (+15.8%) | +$305 (+25.5%) | $1,350 – $1,890 | 52 |
| 2BR | $1,350 | +$55 (+4.2%) | +$155 (+13.0%) | $1,350 – $1,350 | 1 |
| 3BR | $1,875 | −$56 (-2.9%) | −$215 (-10.3%) | $1,875 – $1,875 | 1 |
| 3BR | $1,931 | $0 (0.0%) | −$159 (-7.6%) | $1,875 – $2,200 | 93 |
| 4BR | $2,165 | $0 (0.0%) | −$41 (-1.9%) | $2,165 – $2,165 | 25 |
| 4BR | $2,165 | $0 (0.0%) | −$41 (-1.9%) | $2,165 – $2,165 | 25 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — April 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,195 | −$295 (-24.7%) |
| Studio | $900 | $1,195 | −$295 (-24.7%) |
| 1BR | $1,095 | $1,425 | −$330 (-23.2%) |
| 1BR | $1,100 | $1,425 | −$325 (-22.8%) |
| 2BR | $1,500 | $1,725 | −$225 (-13.0%) |
| 2BR | $1,350 | $1,725 | −$375 (-21.7%) |
| 3BR | $1,875 | $2,300 | −$425 (-18.5%) |
| 3BR | $1,931 | $2,300 | −$369 (-16.0%) |
| 4BR | $2,165 | $2,597 | −$432 (-16.6%) |
| 4BR | $2,165 | $2,597 | −$432 (-16.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.