Monthly Rent Report
ZIP 60406 Rent Report — May 2023
Asking rents in ZIP 60406, Chicago, from 2 listings.
Median 1BR rent in ZIP 60406 was $820 in May 2023, down 25.5% (−$280) from April 2023 and up 3.8% year-over-year. The middle half of 1BR listings asked between $820 and $820. That puts ZIP 60406 $580 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 2 listings across 2 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $820 | −$280 (-25.5%) | +$30 (+3.8%) | $820 – $820 | 1 |
| 2BR | $1,259 | +$264 (+26.5%) | +$62 (+5.1%) | $1,259 – $1,259 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — May 2023
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $820 | $1,400 | −$580 (-41.4%) |
| 2BR | $1,259 | $1,698 | −$438 (-25.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.