Monthly Rent Report
ZIP 60402 Rent Report — May 2025
Asking rents in ZIP 60402, Chicago, from 54 listings.
Median 1BR rent in ZIP 60402 was $1,400 in May 2025, up 16.7% (+$200) from April 2025 and up 32.7% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts ZIP 60402 $175 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 54 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | +$55 (+5.5%) | +$75 (+7.7%) | $995 – $1,075 | 27 |
| 1BR | $1,400 | +$200 (+16.7%) | +$345 (+32.7%) | $1,400 – $1,400 | 1 |
| 2BR | $1,298 | −$692 (-34.8%) | −$302 (-18.9%) | $1,284 – $1,324 | 4 |
| 2BR | $1,990 | $0 (0.0%) | +$390 (+24.4%) | $1,990 – $1,990 | 10 |
| 3BR | $1,640 | −$310 (-15.9%) | −$655 (-28.5%) | $1,640 – $1,640 | 10 |
| 3BR | $2,349 | +$399 (+20.5%) | +$54 (+2.4%) | $2,349 – $2,349 | 1 |
| 4BR | $3,040 | +$91 (+3.1%) | +$391 (+14.8%) | $3,040 – $3,040 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
ZIP 60402 vs. Chicago — May 2025
| Bedrooms | ZIP 60402 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,398 | −$347 (-24.9%) |
| 1BR | $1,400 | $1,575 | −$175 (-11.1%) |
| 2BR | $1,298 | $1,900 | −$602 (-31.7%) |
| 2BR | $1,990 | $1,900 | +$90 (+4.7%) |
| 3BR | $1,640 | $2,200 | −$560 (-25.5%) |
| 3BR | $2,349 | $2,200 | +$149 (+6.8%) |
| 4BR | $3,040 | $2,948 | +$93 (+3.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2025.