Monthly Rent Report
ZIP 60402 Rent Report — October 2023
Asking rents in ZIP 60402, Chicago, from 74 listings.
Median 1BR rent in ZIP 60402 was $1,163 in October 2023, down 2.7% (−$32) from September 2023 and up 6.2% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,190. That puts ZIP 60402 $313 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 74 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | +$5 (+0.6%) | +$23 (+2.6%) | $888 – $913 | 2 |
| Studio | $925 | +$30 (+3.4%) | +$48 (+5.4%) | $900 – $1,063 | 11 |
| 1BR | $1,163 | −$32 (-2.7%) | +$68 (+6.2%) | $1,150 – $1,190 | 6 |
| 1BR | $1,145 | −$50 (-4.2%) | +$50 (+4.6%) | $1,120 – $1,170 | 2 |
| 2BR | $1,775 | +$325 (+22.4%) | +$450 (+34.0%) | $1,661 – $1,900 | 14 |
| 2BR | $1,395 | −$55 (-3.8%) | +$70 (+5.3%) | $1,395 – $1,395 | 1 |
| 3BR | $1,925 | −$325 (-14.4%) | −$270 (-12.3%) | $1,850 – $1,950 | 10 |
| 3BR | $1,950 | −$300 (-13.3%) | −$245 (-11.2%) | $1,950 – $1,950 | 1 |
| 4BR | $2,475 | +$180 (+7.8%) | +$310 (+14.3%) | $2,000 – $2,950 | 6 |
| 4BR | $2,950 | +$655 (+28.5%) | +$785 (+36.3%) | $2,950 – $2,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — October 2023
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,200 | −$300 (-25.0%) |
| Studio | $925 | $1,200 | −$275 (-22.9%) |
| 1BR | $1,163 | $1,475 | −$312 (-21.2%) |
| 1BR | $1,145 | $1,475 | −$330 (-22.4%) |
| 2BR | $1,775 | $1,800 | −$25 (-1.4%) |
| 2BR | $1,395 | $1,800 | −$405 (-22.5%) |
| 3BR | $1,925 | $2,450 | −$525 (-21.4%) |
| 3BR | $1,950 | $2,450 | −$500 (-20.4%) |
| 4BR | $2,475 | $2,575 | −$100 (-3.9%) |
| 4BR | $2,950 | $2,575 | +$375 (+14.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.