Monthly Rent Report
ZIP 60402 Rent Report — September 2024
Asking rents in ZIP 60402, Chicago, from 70 listings.
Median 1BR rent in ZIP 60402 was $1,200 in September 2024, up 29.7% (+$275) from August 2024 and up 9.6% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts ZIP 60402 $295 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 70 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $795 | −$200 (-20.1%) | −$105 (-11.7%) | $795 – $795 | 2 |
| Studio | $795 | −$200 (-20.1%) | −$105 (-11.7%) | $795 – $795 | 2 |
| 1BR | $1,200 | +$275 (+29.7%) | +$105 (+9.6%) | $1,200 – $1,200 | 1 |
| 2BR | $1,395 | −$255 (-15.5%) | −$55 (-3.8%) | $1,395 – $1,395 | 1 |
| 3BR | $2,765 | +$40 (+1.5%) | +$515 (+22.9%) | $2,765 – $2,765 | 1 |
| 4BR | $2,649 | −$216 (-7.5%) | −$261 (-9.0%) | $2,405 – $2,949 | 44 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — September 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $795 | $1,195 | −$400 (-33.5%) |
| Studio | $795 | $1,195 | −$400 (-33.5%) |
| 1BR | $1,200 | $1,495 | −$295 (-19.7%) |
| 2BR | $1,395 | $1,843 | −$447 (-24.3%) |
| 3BR | $2,765 | $2,350 | +$415 (+17.7%) |
| 4BR | $2,649 | $2,750 | −$101 (-3.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.