Monthly Rent Report
ZIP 60402 Rent Report — May 2023
Asking rents in ZIP 60402, Chicago, from 305 listings.
Median 1BR rent in ZIP 60402 was $1,005 in May 2023, down 8.2% (−$90) from April 2023 and up 8.4% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,010. That puts ZIP 60402 $395 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 305 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | +$25 (+2.8%) | +$73 (+8.5%) | $875 – $996 | 12 |
| Studio | $900 | $0 (0.0%) | +$48 (+5.6%) | $875 – $948 | 3 |
| 1BR | $1,005 | −$90 (-8.2%) | +$78 (+8.4%) | $1,000 – $1,010 | 2 |
| 1BR | $1,075 | −$20 (-1.8%) | +$148 (+15.9%) | $1,013 – $1,200 | 30 |
| 2BR | $1,395 | −$105 (-7.0%) | $0 (0.0%) | $1,395 – $1,395 | 1 |
| 2BR | $1,990 | +$490 (+32.7%) | +$595 (+42.7%) | $1,250 – $2,200 | 69 |
| 3BR | $2,173 | +$242 (+12.5%) | +$169 (+8.4%) | $2,065 – $2,250 | 118 |
| 3BR | $2,465 | +$534 (+27.7%) | +$461 (+23.0%) | $2,465 – $2,465 | 1 |
| 4BR | $2,850 | +$685 (+31.6%) | +$685 (+31.6%) | $2,146 – $2,899 | 10 |
| 4BR | $2,165 | $0 (0.0%) | $0 (0.0%) | $2,140 – $2,899 | 45 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — May 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $1,200 | −$275 (-22.9%) |
| Studio | $900 | $1,200 | −$300 (-25.0%) |
| 1BR | $1,005 | $1,400 | −$395 (-28.2%) |
| 1BR | $1,075 | $1,400 | −$325 (-23.2%) |
| 2BR | $1,395 | $1,698 | −$302 (-17.8%) |
| 2BR | $1,990 | $1,698 | +$293 (+17.2%) |
| 3BR | $2,173 | $2,300 | −$127 (-5.5%) |
| 3BR | $2,465 | $2,300 | +$165 (+7.2%) |
| 4BR | $2,850 | $2,548 | +$302 (+11.9%) |
| 4BR | $2,165 | $2,548 | −$382 (-15.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.