Monthly Rent Report
ZIP 60402 Rent Report — May 2024
Asking rents in ZIP 60402, Chicago, from 526 listings.
Median 1BR rent in ZIP 60402 was $1,150 in May 2024, down 3.8% (−$45) from April 2024 and up 7.0% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,250. That puts ZIP 60402 $353 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 526 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | +$25 (+2.7%) | +$50 (+5.6%) | $950 – $950 | 1 |
| Studio | $975 | +$50 (+5.4%) | +$75 (+8.3%) | $950 – $995 | 9 |
| 1BR | $1,150 | −$45 (-3.8%) | +$75 (+7.0%) | $1,100 – $1,250 | 58 |
| 1BR | $1,055 | −$140 (-11.7%) | −$20 (-1.9%) | $1,055 – $1,055 | 1 |
| 2BR | $1,200 | −$400 (-25.0%) | −$195 (-14.0%) | $1,200 – $1,200 | 1 |
| 2BR | $1,600 | $0 (0.0%) | +$205 (+14.7%) | $1,325 – $1,990 | 115 |
| 3BR | $2,200 | −$95 (-4.1%) | +$28 (+1.3%) | $2,200 – $2,200 | 1 |
| 3BR | $2,295 | $0 (0.0%) | +$123 (+5.6%) | $2,150 – $2,391 | 223 |
| 4BR | $2,649 | −$298 (-10.1%) | +$484 (+22.4%) | $2,165 – $2,949 | 70 |
| 4BR | $2,949 | +$2 (+0.1%) | +$784 (+36.2%) | $2,949 – $2,949 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — May 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,196 | −$246 (-20.6%) |
| Studio | $975 | $1,196 | −$221 (-18.5%) |
| 1BR | $1,150 | $1,503 | −$352 (-23.5%) |
| 1BR | $1,055 | $1,503 | −$447 (-29.8%) |
| 2BR | $1,200 | $1,825 | −$625 (-34.2%) |
| 2BR | $1,600 | $1,825 | −$225 (-12.3%) |
| 3BR | $2,200 | $2,236 | −$36 (-1.6%) |
| 3BR | $2,295 | $2,236 | +$59 (+2.6%) |
| 4BR | $2,649 | $2,725 | −$76 (-2.8%) |
| 4BR | $2,949 | $2,725 | +$224 (+8.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.