Monthly Rent Report
ZIP 60505 Rent Report — August 2023
Asking rents in ZIP 60505, Chicago, from 4 listings.
Median 1BR rent in ZIP 60505 was $1,100 in August 2023 and down 12.0% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts ZIP 60505 $420 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 4 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,100 | — | −$150 (-12.0%) | $1,100 – $1,100 | 1 |
| 2BR | $1,700 | +$350 (+25.9%) | +$325 (+23.6%) | $1,700 – $1,700 | 1 |
| 3BR | $1,745 | +$470 (+36.9%) | — | $1,745 – $1,745 | 1 |
| 4BR | $2,500 | — | — | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60505 vs. Chicago — August 2023
| Bedrooms | ZIP 60505 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,100 | $1,520 | −$420 (-27.6%) |
| 2BR | $1,700 | $1,808 | −$107 (-5.9%) |
| 3BR | $1,745 | $2,395 | −$650 (-27.1%) |
| 4BR | $2,500 | $2,692 | −$192 (-7.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.