Monthly Rent Report
ZIP 60402 Rent Report — August 2023
Asking rents in ZIP 60402, Chicago, from 88 listings.
Median 1BR rent in ZIP 60402 was $1,145 in August 2023, up 11.2% (+$115) from July 2023 and up 2.0% year-over-year. The middle half of 1BR listings asked between $1,084 and $1,296. That puts ZIP 60402 $375 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 88 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$75 (-7.9%) | +$125 (+16.7%) | $875 – $890 | 6 |
| Studio | $925 | −$25 (-2.6%) | +$175 (+23.3%) | $925 – $925 | 1 |
| 1BR | $1,145 | +$115 (+11.2%) | +$23 (+2.0%) | $1,084 – $1,296 | 4 |
| 1BR | $1,195 | +$165 (+16.0%) | +$73 (+6.5%) | $1,195 – $1,195 | 1 |
| 2BR | $1,380 | −$412 (-23.0%) | +$130 (+10.4%) | $1,338 – $1,423 | 2 |
| 2BR | $1,990 | +$198 (+11.0%) | +$740 (+59.2%) | $1,533 – $2,148 | 14 |
| 3BR | $2,391 | −$656 (-21.5%) | +$241 (+11.2%) | $2,391 – $2,391 | 1 |
| 3BR | $2,441 | −$606 (-19.9%) | +$291 (+13.5%) | $2,065 – $2,495 | 31 |
| 4BR | $2,685 | +$520 (+24.0%) | +$520 (+24.0%) | $2,685 – $2,685 | 1 |
| 4BR | $2,165 | $0 (0.0%) | $0 (0.0%) | $2,153 – $2,165 | 7 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — August 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,250 | −$375 (-30.0%) |
| Studio | $925 | $1,250 | −$325 (-26.0%) |
| 1BR | $1,145 | $1,520 | −$375 (-24.7%) |
| 1BR | $1,195 | $1,520 | −$325 (-21.4%) |
| 2BR | $1,380 | $1,808 | −$427 (-23.7%) |
| 2BR | $1,990 | $1,808 | +$183 (+10.1%) |
| 3BR | $2,391 | $2,395 | −$4 (-0.2%) |
| 3BR | $2,441 | $2,395 | +$46 (+1.9%) |
| 4BR | $2,685 | $2,692 | −$7 (-0.3%) |
| 4BR | $2,165 | $2,692 | −$527 (-19.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.