Monthly Rent Report
ZIP 60406 Rent Report — May 2024
Asking rents in ZIP 60406, Chicago, from 2 listings.
Median 1BR rent in ZIP 60406 was $995 in May 2024 and up 21.3% year-over-year. The middle half of 1BR listings asked between $995 and $995. That puts ZIP 60406 $508 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 2 listings across 2 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $995 | — | +$175 (+21.3%) | $995 – $995 | 1 |
| 3BR | $1,750 | +$25 (+1.4%) | — | $1,750 – $1,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — May 2024
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $995 | $1,503 | −$507 (-33.8%) |
| 3BR | $1,750 | $2,236 | −$486 (-21.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.