Monthly Rent Report
ZIP 60402 Rent Report — March 2024
Asking rents in ZIP 60402, Chicago, from 442 listings.
Median 1BR rent in ZIP 60402 was $1,100 in March 2024, down 8.3% (−$100) from February 2024 and up 4.8% year-over-year. The middle half of 1BR listings asked between $1,075 and $1,100. That puts ZIP 60402 $405 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 442 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | +$130 (+16.4%) | +$30 (+3.4%) | $925 – $925 | 1 |
| Studio | $950 | +$155 (+19.5%) | +$55 (+6.1%) | $900 – $985 | 13 |
| 1BR | $1,100 | −$100 (-8.3%) | +$50 (+4.8%) | $1,075 – $1,100 | 5 |
| 1BR | $1,100 | −$100 (-8.3%) | +$50 (+4.8%) | $1,100 – $1,200 | 38 |
| 2BR | $1,200 | −$775 (-39.2%) | −$195 (-14.0%) | $1,200 – $1,200 | 1 |
| 2BR | $1,750 | −$225 (-11.4%) | +$355 (+25.4%) | $1,400 – $1,990 | 99 |
| 3BR | $2,395 | +$55 (+2.4%) | +$395 (+19.8%) | $2,380 – $2,410 | 2 |
| 3BR | $2,305 | −$35 (-1.5%) | +$305 (+15.3%) | $2,150 – $2,391 | 189 |
| 4BR | $2,690 | +$85 (+3.3%) | +$525 (+24.2%) | $2,690 – $2,690 | 1 |
| 4BR | $2,690 | +$85 (+3.3%) | +$525 (+24.2%) | $2,165 – $2,910 | 60 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — March 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $1,225 | −$300 (-24.5%) |
| Studio | $950 | $1,225 | −$275 (-22.4%) |
| 1BR | $1,100 | $1,505 | −$404 (-26.9%) |
| 1BR | $1,100 | $1,505 | −$404 (-26.9%) |
| 2BR | $1,200 | $1,900 | −$700 (-36.8%) |
| 2BR | $1,750 | $1,900 | −$150 (-7.9%) |
| 3BR | $2,395 | $2,250 | +$145 (+6.4%) |
| 3BR | $2,305 | $2,250 | +$55 (+2.4%) |
| 4BR | $2,690 | $2,650 | +$40 (+1.5%) |
| 4BR | $2,690 | $2,650 | +$40 (+1.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.