Monthly Rent Report
ZIP 60707 Rent Report — May 2023
Asking rents in ZIP 60707, Chicago, from 146 listings.
Median 1BR rent in ZIP 60707 was $1,023 in May 2023, up 2.3% (+$23) from April 2023 and down 2.4% year-over-year. The middle half of 1BR listings asked between $995 and $1,084. That puts ZIP 60707 $378 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 146 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | −$75 (-6.7%) | — | $1,050 – $1,050 | 1 |
| 1BR | $1,023 | +$23 (+2.3%) | −$25 (-2.4%) | $995 – $1,084 | 6 |
| 1BR | $1,200 | +$200 (+20.0%) | +$153 (+14.6%) | $1,200 – $1,200 | 1 |
| 2BR | $2,400 | +$1,000 (+71.4%) | +$1,050 (+77.8%) | $2,300 – $2,523 | 31 |
| 2BR | $2,400 | +$1,000 (+71.4%) | +$1,050 (+77.8%) | $2,400 – $2,400 | 1 |
| 3BR | $1,925 | −$575 (-23.0%) | −$520 (-21.3%) | $1,925 – $1,925 | 1 |
| 3BR | $2,545 | +$45 (+1.8%) | +$100 (+4.1%) | $2,295 – $2,595 | 87 |
| 4BR | $2,385 | — | −$115 (-4.6%) | $2,385 – $2,385 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 60707 vs. Chicago — May 2023
| Bedrooms | ZIP 60707 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,200 | −$150 (-12.5%) |
| 1BR | $1,023 | $1,400 | −$377 (-27.0%) |
| 1BR | $1,200 | $1,400 | −$200 (-14.3%) |
| 2BR | $2,400 | $1,698 | +$703 (+41.4%) |
| 2BR | $2,400 | $1,698 | +$703 (+41.4%) |
| 3BR | $1,925 | $2,300 | −$375 (-16.3%) |
| 3BR | $2,545 | $2,300 | +$245 (+10.7%) |
| 4BR | $2,385 | $2,548 | −$162 (-6.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.