Monthly Rent Report
ZIP 60402 Rent Report — December 2024
Asking rents in ZIP 60402, Chicago, from 56 listings.
Median 1BR rent in ZIP 60402 was $1,145 in December 2024, up 4.6% (+$50) from November 2024 and down 4.2% year-over-year. The middle half of 1BR listings asked between $980 and $1,411. That puts ZIP 60402 $505 below the Chicago citywide 1BR median of $1,650. The month's figures are based on 56 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,125 | −$75 (-6.3%) | +$75 (+7.1%) | $1,038 – $1,350 | 8 |
| 1BR | $1,145 | +$50 (+4.6%) | −$50 (-4.2%) | $980 – $1,411 | 6 |
| 1BR | $925 | −$170 (-15.5%) | −$270 (-22.6%) | $925 – $1,010 | 3 |
| 2BR | $1,550 | +$50 (+3.3%) | +$155 (+11.1%) | $1,425 – $1,588 | 3 |
| 2BR | $1,550 | +$50 (+3.3%) | +$155 (+11.1%) | $1,450 – $2,000 | 21 |
| 3BR | $2,100 | +$300 (+16.7%) | −$160 (-7.1%) | $2,100 – $2,100 | 1 |
| 3BR | $2,100 | +$300 (+16.7%) | −$160 (-7.1%) | $2,000 – $2,225 | 8 |
| 4BR | $2,425 | −$34 (-1.4%) | −$180 (-6.9%) | $2,425 – $2,425 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — December 2024
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,125 | $1,385 | −$260 (-18.8%) |
| 1BR | $1,145 | $1,650 | −$505 (-30.6%) |
| 1BR | $925 | $1,650 | −$725 (-43.9%) |
| 2BR | $1,550 | $1,953 | −$402 (-20.6%) |
| 2BR | $1,550 | $1,953 | −$402 (-20.6%) |
| 3BR | $2,100 | $2,395 | −$295 (-12.3%) |
| 3BR | $2,100 | $2,395 | −$295 (-12.3%) |
| 4BR | $2,425 | $2,850 | −$425 (-14.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.