Monthly Rent Report
ZIP 60505 Rent Report — February 2024
Asking rents in ZIP 60505, Chicago, from 5 listings.
Median 1BR rent in ZIP 60505 was $1,100 in February 2024 and up 22.2% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts ZIP 60505 $400 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 5 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | −$120 (-11.2%) | $0 (0.0%) | $950 – $950 | 1 |
| 1BR | $1,100 | — | +$200 (+22.2%) | $1,100 – $1,100 | 1 |
| 2BR | $1,350 | −$50 (-3.6%) | — | $1,350 – $1,350 | 1 |
| 3BR | $1,150 | −$880 (-43.3%) | — | $1,150 – $1,150 | 1 |
| 4BR | $2,100 | — | — | $2,100 – $2,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
ZIP 60505 vs. Chicago — February 2024
| Bedrooms | ZIP 60505 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,211 | −$261 (-21.6%) |
| 1BR | $1,100 | $1,500 | −$400 (-26.7%) |
| 2BR | $1,350 | $1,813 | −$462 (-25.5%) |
| 3BR | $1,150 | $2,300 | −$1,150 (-50.0%) |
| 4BR | $2,100 | $2,792 | −$691 (-24.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.