Monthly Rent Report
ZIP 60707 Rent Report — August 2023
Asking rents in ZIP 60707, Chicago, from 30 listings.
Median 1BR rent in ZIP 60707 was $1,795 in August 2023, up 71.0% (+$745) from July 2023 and up 38.1% year-over-year. The middle half of 1BR listings asked between $1,445 and $1,795. That puts ZIP 60707 $275 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 30 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | — | — | $1,000 – $1,000 | 1 |
| 1BR | $1,795 | +$745 (+71.0%) | +$495 (+38.1%) | $1,445 – $1,795 | 3 |
| 1BR | $1,200 | +$150 (+14.3%) | −$100 (-7.7%) | $1,200 – $1,200 | 1 |
| 2BR | $2,325 | +$1,025 (+78.8%) | +$125 (+5.7%) | $2,213 – $2,438 | 2 |
| 2BR | $2,495 | +$1,195 (+91.9%) | +$295 (+13.4%) | $2,123 – $2,495 | 3 |
| 3BR | $2,650 | −$445 (-14.4%) | +$650 (+32.5%) | $2,650 – $2,650 | 1 |
| 3BR | $2,351 | −$744 (-24.0%) | +$351 (+17.5%) | $2,295 – $2,570 | 15 |
| 4BR | $2,700 | −$200 (-6.9%) | — | $2,700 – $2,700 | 1 |
| 4BR | $2,900 | $0 (0.0%) | — | $2,900 – $2,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 60707 vs. Chicago — August 2023
| Bedrooms | ZIP 60707 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,250 | −$250 (-20.0%) |
| 1BR | $1,795 | $1,520 | +$275 (+18.1%) |
| 1BR | $1,200 | $1,520 | −$320 (-21.1%) |
| 2BR | $2,325 | $1,808 | +$518 (+28.6%) |
| 2BR | $2,495 | $1,808 | +$688 (+38.0%) |
| 3BR | $2,650 | $2,395 | +$255 (+10.6%) |
| 3BR | $2,351 | $2,395 | −$44 (-1.8%) |
| 4BR | $2,700 | $2,692 | +$8 (+0.3%) |
| 4BR | $2,900 | $2,692 | +$208 (+7.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.