Monthly Rent Report
ZIP 60402 Rent Report — August 2024
Asking rents in ZIP 60402, Chicago, from 38 listings.
Median 1BR rent in ZIP 60402 was $925 in August 2024, down 15.9% (−$175) from July 2024 and down 19.2% year-over-year. The middle half of 1BR listings asked between $925 and $925. That puts ZIP 60402 $613 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 38 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $995 | +$95 (+10.6%) | +$120 (+13.7%) | $984 – $995 | 4 |
| 1BR | $925 | −$175 (-15.9%) | −$220 (-19.2%) | $925 – $925 | 1 |
| 2BR | $1,650 | −$340 (-17.1%) | −$340 (-17.1%) | $1,650 – $1,650 | 1 |
| 3BR | $2,725 | +$430 (+18.7%) | +$334 (+14.0%) | $2,725 – $2,725 | 1 |
| 4BR | $2,865 | +$216 (+8.2%) | +$700 (+32.3%) | $2,865 – $2,865 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — August 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $995 | $1,190 | −$195 (-16.4%) |
| 1BR | $925 | $1,538 | −$613 (-39.9%) |
| 2BR | $1,650 | $1,823 | −$172 (-9.5%) |
| 3BR | $2,725 | $2,300 | +$425 (+18.5%) |
| 4BR | $2,865 | $2,995 | −$130 (-4.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.