Monthly Rent Report
ZIP 60402 Rent Report — June 2023
Asking rents in ZIP 60402, Chicago, from 481 listings.
Median 1BR rent in ZIP 60402 was $970 in June 2023, down 3.5% (−$35) from May 2023 and down 0.5% year-over-year. The middle half of 1BR listings asked between $963 and $978. That puts ZIP 60402 $430 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 481 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $995 | +$95 (+10.6%) | +$245 (+32.7%) | $900 – $1,000 | 19 |
| Studio | $950 | +$50 (+5.6%) | +$200 (+26.7%) | $894 – $1,000 | 4 |
| 1BR | $970 | −$35 (-3.5%) | −$5 (-0.5%) | $963 – $978 | 2 |
| 1BR | $1,050 | +$45 (+4.5%) | +$75 (+7.7%) | $995 – $1,195 | 41 |
| 2BR | $1,538 | −$452 (-22.7%) | −$112 (-6.8%) | $1,506 – $1,554 | 4 |
| 2BR | $1,700 | −$290 (-14.6%) | +$50 (+3.0%) | $1,200 – $1,990 | 88 |
| 3BR | $1,500 | −$672 (-31.0%) | −$400 (-21.1%) | $1,500 – $1,500 | 1 |
| 3BR | $2,195 | +$23 (+1.0%) | +$295 (+15.5%) | $1,998 – $2,250 | 178 |
| 4BR | $2,165 | −$684 (-24.0%) | −$172 (-7.4%) | $2,140 – $2,910 | 52 |
| 4BR | $2,165 | −$684 (-24.0%) | −$172 (-7.4%) | $2,140 – $2,910 | 52 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — June 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $995 | $1,243 | −$247 (-19.9%) |
| Studio | $950 | $1,243 | −$292 (-23.5%) |
| 1BR | $970 | $1,400 | −$430 (-30.7%) |
| 1BR | $1,050 | $1,400 | −$350 (-25.0%) |
| 2BR | $1,538 | $1,700 | −$162 (-9.6%) |
| 2BR | $1,700 | $1,700 | $0 (0.0%) |
| 3BR | $1,500 | $2,275 | −$775 (-34.1%) |
| 3BR | $2,195 | $2,275 | −$80 (-3.5%) |
| 4BR | $2,165 | $2,500 | −$335 (-13.4%) |
| 4BR | $2,165 | $2,500 | −$335 (-13.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.