Monthly Rent Report
ZIP 60402 Rent Report — February 2024
Asking rents in ZIP 60402, Chicago, from 316 listings.
Median 1BR rent in ZIP 60402 was $1,050 in February 2024, down 12.5% (−$150) from January 2024 and up 15.4% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts ZIP 60402 $450 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 316 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $795 | −$180 (-18.5%) | −$80 (-9.1%) | $795 – $795 | 1 |
| Studio | $1,025 | +$50 (+5.1%) | +$150 (+17.1%) | $949 – $1,050 | 24 |
| 1BR | $1,050 | −$150 (-12.5%) | +$140 (+15.4%) | $1,050 – $1,050 | 1 |
| 1BR | $1,200 | $0 (0.0%) | +$290 (+31.9%) | $1,050 – $1,295 | 71 |
| 2BR | $1,975 | +$425 (+27.4%) | +$463 (+30.6%) | $1,975 – $1,975 | 1 |
| 2BR | $2,150 | +$600 (+38.7%) | +$638 (+42.1%) | $2,150 – $2,150 | 1 |
| 3BR | $2,815 | +$520 (+22.7%) | +$715 (+34.0%) | $2,815 – $2,815 | 1 |
| 3BR | $2,340 | +$45 (+2.0%) | +$240 (+11.4%) | $2,210 – $2,465 | 143 |
| 4BR | $2,605 | −$10 (-0.4%) | +$440 (+20.3%) | $2,165 – $2,910 | 45 |
| 4BR | $2,603 | −$12 (-0.5%) | +$438 (+20.2%) | $2,596 – $2,609 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — February 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $795 | $1,211 | −$416 (-34.4%) |
| Studio | $1,025 | $1,211 | −$186 (-15.4%) |
| 1BR | $1,050 | $1,500 | −$450 (-30.0%) |
| 1BR | $1,200 | $1,500 | −$300 (-20.0%) |
| 2BR | $1,975 | $1,813 | +$163 (+9.0%) |
| 2BR | $2,150 | $1,813 | +$338 (+18.6%) |
| 3BR | $2,815 | $2,300 | +$515 (+22.4%) |
| 3BR | $2,340 | $2,300 | +$40 (+1.7%) |
| 4BR | $2,605 | $2,792 | −$186 (-6.7%) |
| 4BR | $2,603 | $2,792 | −$189 (-6.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.