Monthly Rent Report
ZIP 60402 Rent Report — July 2024
Asking rents in ZIP 60402, Chicago, from 257 listings.
Median 1BR rent in ZIP 60402 was $1,100 in July 2024, down 1.3% (−$15) from June 2024 and up 10.0% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts ZIP 60402 $460 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 257 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | $0 (0.0%) | −$50 (-5.3%) | $900 – $900 | 1 |
| Studio | $950 | +$50 (+5.6%) | $0 (0.0%) | $950 – $950 | 1 |
| 1BR | $1,100 | −$15 (-1.3%) | +$100 (+10.0%) | $1,100 – $1,100 | 1 |
| 1BR | $1,173 | +$58 (+5.2%) | +$173 (+17.3%) | $1,100 – $1,319 | 20 |
| 2BR | $1,990 | +$740 (+59.2%) | +$198 (+11.0%) | $1,200 – $2,610 | 44 |
| 2BR | $1,195 | −$55 (-4.4%) | −$597 (-33.3%) | $1,195 – $1,195 | 1 |
| 3BR | $2,295 | −$75 (-3.2%) | +$100 (+4.6%) | $2,210 – $2,391 | 121 |
| 3BR | $1,615 | −$755 (-31.9%) | −$580 (-26.4%) | $1,615 – $2,020 | 3 |
| 4BR | $2,649 | $0 (0.0%) | +$484 (+22.4%) | $2,286 – $2,949 | 10 |
| 4BR | $2,649 | $0 (0.0%) | +$484 (+22.4%) | $2,165 – $2,949 | 39 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — July 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,218 | −$318 (-26.1%) |
| Studio | $950 | $1,218 | −$268 (-22.0%) |
| 1BR | $1,100 | $1,560 | −$460 (-29.5%) |
| 1BR | $1,173 | $1,560 | −$387 (-24.8%) |
| 2BR | $1,990 | $1,805 | +$185 (+10.2%) |
| 2BR | $1,195 | $1,805 | −$610 (-33.8%) |
| 3BR | $2,295 | $2,363 | −$67 (-2.9%) |
| 3BR | $1,615 | $2,363 | −$747 (-31.6%) |
| 4BR | $2,649 | $2,789 | −$140 (-5.0%) |
| 4BR | $2,649 | $2,789 | −$140 (-5.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.