Monthly Rent Report
ZIP 60406 Rent Report — July 2023
Asking rents in ZIP 60406, Chicago, from 3 listings.
Median 1BR rent in ZIP 60406 was $825 in July 2023, down 2.4% (−$20) from June 2023 and down 25.0% year-over-year. The middle half of 1BR listings asked between $825 and $825. That puts ZIP 60406 $625 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 3 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $825 | −$20 (-2.4%) | −$275 (-25.0%) | $825 – $825 | 1 |
| 2BR | $1,265 | +$15 (+1.2%) | +$15 (+1.2%) | $1,265 – $1,265 | 1 |
| 3BR | $1,399 | −$301 (-17.7%) | — | $1,399 – $1,399 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — July 2023
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $825 | $1,450 | −$625 (-43.1%) |
| 2BR | $1,265 | $1,795 | −$530 (-29.5%) |
| 3BR | $1,399 | $2,273 | −$873 (-38.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.