Monthly Rent Report
ZIP 60409 Rent Report — July 2023
Asking rents in ZIP 60409, Chicago, from 4 listings.
Median 1BR rent in ZIP 60409 was $880 in July 2023, down 7.4% (−$70) from June 2023 and up 3.5% year-over-year. The middle half of 1BR listings asked between $880 and $880. That puts ZIP 60409 $570 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $880 | −$70 (-7.4%) | +$30 (+3.5%) | $880 – $880 | 1 |
| 2BR | $1,000 | −$500 (-33.3%) | −$200 (-16.7%) | $1,000 – $1,000 | 1 |
| 3BR | $1,705 | −$188 (-9.9%) | −$95 (-5.3%) | $1,705 – $1,705 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
ZIP 60409 vs. Chicago — July 2023
| Bedrooms | ZIP 60409 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $880 | $1,450 | −$570 (-39.3%) |
| 2BR | $1,000 | $1,795 | −$795 (-44.3%) |
| 3BR | $1,705 | $2,273 | −$567 (-25.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.