Monthly Rent Report
ZIP 60406 Rent Report — August 2023
Asking rents in ZIP 60406, Chicago, from 6 listings.
Median 1BR rent in ZIP 60406 was $1,000 in August 2023, up 21.2% (+$175) from July 2023 and up 3.6% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts ZIP 60406 $520 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 6 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,000 | +$175 (+21.2%) | +$35 (+3.6%) | $1,000 – $1,000 | 1 |
| 2BR | $1,200 | −$65 (-5.1%) | +$125 (+11.6%) | $1,200 – $1,200 | 2 |
| 3BR | $1,350 | −$49 (-3.5%) | −$24 (-1.8%) | $1,300 – $1,425 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — August 2023
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,000 | $1,520 | −$520 (-34.2%) |
| 2BR | $1,200 | $1,808 | −$607 (-33.6%) |
| 3BR | $1,350 | $2,395 | −$1,045 (-43.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.