Monthly Rent Report
ZIP 60406 Rent Report — June 2023
Asking rents in ZIP 60406, Chicago, from 4 listings.
Median 1BR rent in ZIP 60406 was $845 in June 2023, up 3.0% (+$25) from May 2023 and down 6.0% year-over-year. The middle half of 1BR listings asked between $845 and $845. That puts ZIP 60406 $555 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 4 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $705 | — | — | $705 – $705 | 1 |
| 1BR | $845 | +$25 (+3.0%) | −$54 (-6.0%) | $845 – $845 | 1 |
| 2BR | $1,250 | −$9 (-0.7%) | $0 (0.0%) | $1,250 – $1,250 | 1 |
| 3BR | $1,700 | — | +$350 (+25.9%) | $1,700 – $1,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — June 2023
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $705 | $1,243 | −$537 (-43.3%) |
| 1BR | $845 | $1,400 | −$555 (-39.6%) |
| 2BR | $1,250 | $1,700 | −$450 (-26.5%) |
| 3BR | $1,700 | $2,275 | −$575 (-25.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.