Monthly Rent Report
ZIP 60402 Rent Report — July 2023
Asking rents in ZIP 60402, Chicago, from 219 listings.
Median 1BR rent in ZIP 60402 was $1,000 in July 2023, up 3.1% (+$30) from June 2023 and up 5.3% year-over-year. The middle half of 1BR listings asked between $950 and $1,084. That puts ZIP 60402 $450 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 219 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | $0 (0.0%) | +$53 (+5.8%) | $875 – $995 | 17 |
| Studio | $950 | $0 (0.0%) | +$53 (+5.8%) | $905 – $950 | 5 |
| 1BR | $1,000 | +$30 (+3.1%) | +$50 (+5.3%) | $950 – $1,084 | 10 |
| 1BR | $1,030 | +$60 (+6.2%) | +$80 (+8.4%) | $1,030 – $1,030 | 1 |
| 2BR | $1,475 | −$62 (-4.1%) | +$125 (+9.3%) | $1,475 – $1,475 | 2 |
| 2BR | $1,793 | +$255 (+16.6%) | +$443 (+32.8%) | $1,200 – $1,990 | 30 |
| 3BR | $2,195 | +$695 (+46.3%) | +$95 (+4.5%) | $2,065 – $2,499 | 79 |
| 3BR | $3,047 | +$1,547 (+103.1%) | +$947 (+45.1%) | $3,047 – $3,047 | 1 |
| 4BR | $2,165 | $0 (0.0%) | $0 (0.0%) | $2,140 – $2,910 | 21 |
| 4BR | $2,165 | $0 (0.0%) | $0 (0.0%) | $2,140 – $2,910 | 35 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — July 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,200 | −$250 (-20.8%) |
| Studio | $950 | $1,200 | −$250 (-20.8%) |
| 1BR | $1,000 | $1,450 | −$450 (-31.0%) |
| 1BR | $1,030 | $1,450 | −$420 (-29.0%) |
| 2BR | $1,475 | $1,795 | −$320 (-17.8%) |
| 2BR | $1,793 | $1,795 | −$2 (-0.1%) |
| 3BR | $2,195 | $2,273 | −$77 (-3.4%) |
| 3BR | $3,047 | $2,273 | +$775 (+34.1%) |
| 4BR | $2,165 | $2,709 | −$543 (-20.1%) |
| 4BR | $2,165 | $2,709 | −$543 (-20.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.