Monthly Rent Report
ZIP 60402 Rent Report — October 2024
Asking rents in ZIP 60402, Chicago, from 28 listings.
Median 1BR rent in ZIP 60402 was $1,073 in October 2024, down 10.6% (−$127) from September 2024 and down 7.7% year-over-year. The middle half of 1BR listings asked between $1,061 and $1,084. That puts ZIP 60402 $364 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 28 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $755 | −$40 (-5.0%) | −$145 (-16.1%) | $755 – $755 | 2 |
| Studio | $1,800 | +$1,005 (+126.4%) | +$900 (+100.0%) | $1,500 – $1,800 | 3 |
| 1BR | $1,073 | −$127 (-10.6%) | −$90 (-7.7%) | $1,061 – $1,084 | 2 |
| 1BR | $900 | −$300 (-25.0%) | −$262 (-22.6%) | $874 – $1,050 | 6 |
| 2BR | $1,200 | −$195 (-14.0%) | −$575 (-32.4%) | $1,200 – $1,200 | 1 |
| 2BR | $1,300 | −$95 (-6.8%) | −$475 (-26.8%) | $1,300 – $1,398 | 3 |
| 3BR | $1,950 | −$815 (-29.5%) | +$25 (+1.3%) | $1,950 – $1,950 | 6 |
| 3BR | $2,118 | −$647 (-23.4%) | +$193 (+10.0%) | $1,906 – $2,329 | 2 |
| 4BR | $2,405 | −$244 (-9.2%) | −$70 (-2.8%) | $2,405 – $2,405 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — October 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $755 | $1,298 | −$542 (-41.8%) |
| Studio | $1,800 | $1,298 | +$503 (+38.7%) |
| 1BR | $1,073 | $1,437 | −$364 (-25.3%) |
| 1BR | $900 | $1,437 | −$536 (-37.3%) |
| 2BR | $1,200 | $1,770 | −$569 (-32.2%) |
| 2BR | $1,300 | $1,770 | −$469 (-26.5%) |
| 3BR | $1,950 | $2,305 | −$355 (-15.4%) |
| 3BR | $2,118 | $2,305 | −$187 (-8.1%) |
| 4BR | $2,405 | $2,995 | −$590 (-19.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.