Monthly Rent Report
ZIP 60409 Rent Report — May 2023
Asking rents in ZIP 60409, Chicago, from 4 listings.
Median 1BR rent in ZIP 60409 was $1,050 in May 2023, down 6.7% (−$75) from April 2023 and up 16.7% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts ZIP 60409 $350 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. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,050 | −$75 (-6.7%) | +$150 (+16.7%) | $1,050 – $1,050 | 1 |
| 2BR | $1,650 | +$460 (+38.7%) | +$600 (+57.1%) | $1,650 – $1,650 | 1 |
| 3BR | $1,645 | −$415 (-20.1%) | −$60 (-3.5%) | $1,645 – $1,645 | 1 |
| 4BR | $2,285 | — | +$785 (+52.3%) | $2,285 – $2,285 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 60409 vs. Chicago — May 2023
| Bedrooms | ZIP 60409 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,050 | $1,400 | −$350 (-25.0%) |
| 2BR | $1,650 | $1,698 | −$47 (-2.8%) |
| 3BR | $1,645 | $2,300 | −$655 (-28.5%) |
| 4BR | $2,285 | $2,548 | −$262 (-10.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.