Monthly Rent Report
ZIP 60406 Rent Report — March 2024
Asking rents in ZIP 60406, Chicago, from 3 listings.
Median 1BR rent in ZIP 60406 was $850 in March 2024, down 26.1% (−$300) from February 2024 and up 1.8% year-over-year. The middle half of 1BR listings asked between $850 and $850. That puts ZIP 60406 $655 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 3 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $850 | −$300 (-26.1%) | +$15 (+1.8%) | $850 – $850 | 1 |
| 2BR | $1,195 | $0 (0.0%) | −$155 (-11.5%) | $1,195 – $1,195 | 1 |
| 3BR | $1,495 | — | −$1,505 (-50.2%) | $1,495 – $1,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — March 2024
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $850 | $1,505 | −$654 (-43.5%) |
| 2BR | $1,195 | $1,900 | −$705 (-37.1%) |
| 3BR | $1,495 | $2,250 | −$755 (-33.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.