Monthly Rent Report
ZIP 60402 Rent Report — January 2024
Asking rents in ZIP 60402, Chicago, from 181 listings.
Median 1BR rent in ZIP 60402 was $1,100 in January 2024, down 7.9% (−$95) from December 2023 and down 0.2% year-over-year. The middle half of 1BR listings asked between $1,063 and $1,199. That puts ZIP 60402 $417 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 181 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $980 | −$70 (-6.7%) | +$5 (+0.5%) | $950 – $1,026 | 18 |
| Studio | $975 | −$75 (-7.1%) | $0 (0.0%) | $975 – $975 | 3 |
| 1BR | $1,100 | −$95 (-7.9%) | −$2 (-0.2%) | $1,063 – $1,199 | 26 |
| 1BR | $1,200 | +$5 (+0.4%) | +$98 (+8.8%) | $1,200 – $1,200 | 1 |
| 2BR | $1,550 | −$225 (-12.7%) | +$100 (+6.9%) | $1,400 – $1,990 | 38 |
| 2BR | $1,150 | −$625 (-35.2%) | −$300 (-20.7%) | $1,150 – $1,150 | 1 |
| 3BR | $1,460 | −$800 (-35.4%) | −$490 (-25.1%) | $1,155 – $1,765 | 2 |
| 3BR | $2,295 | +$35 (+1.5%) | +$345 (+17.7%) | $2,065 – $2,391 | 62 |
| 4BR | $2,605 | −$10 (-0.4%) | +$440 (+20.3%) | $2,165 – $2,836 | 22 |
| 4BR | $2,615 | $0 (0.0%) | +$450 (+20.8%) | $2,615 – $2,615 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — January 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $980 | $1,225 | −$245 (-20.0%) |
| Studio | $975 | $1,225 | −$250 (-20.4%) |
| 1BR | $1,100 | $1,517 | −$417 (-27.5%) |
| 1BR | $1,200 | $1,517 | −$317 (-20.9%) |
| 2BR | $1,550 | $1,800 | −$250 (-13.9%) |
| 2BR | $1,150 | $1,800 | −$650 (-36.1%) |
| 3BR | $1,460 | $2,300 | −$840 (-36.5%) |
| 3BR | $2,295 | $2,300 | −$5 (-0.2%) |
| 4BR | $2,605 | $2,792 | −$186 (-6.7%) |
| 4BR | $2,615 | $2,792 | −$176 (-6.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.